Is Marx S Theory Of Profit Right
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Is Marx S Theory Of Profit Right
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Author : Nick Potts
language : en
Publisher: Lexington Books
Release Date : 2015-05-07
Is Marx S Theory Of Profit Right written by Nick Potts and has been published by Lexington Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-07 with Business & Economics categories.
This collection focuses on a long-running debate over the logical validity of Karl Marx’s theory that exploitation is the exclusive source of capitalists’ profits. The “Fundamental Marxian Theorem” was long thought to have shown that orthodox Marxian economics succeeds in replicating Marx’s conclusion. The debate begins with Andrew Kliman’s disproof of that claim. On one side of the debate, representing orthodox Marxian economics, are contributions by Simon Mohun and Roberto Veneziani. Although they concede that their simultaneist models cannot replicate Marx’s theory of profit in all cases, they insist that this is as good as it gets. On the other side, representing the temporal single-system interpretation of Marx’s theory (TSSI), are contributions by Kliman and Alan Freeman. They argue that his theory is logically valid, since it can indeed be replicated when it is understood in accordance with the TSSI. While the debate initially focused on logical concerns, issues of pluralism, truth, and scientificity increasingly assumed center stage. In his introduction to the volume, Nick Potts situates the debate in its historical context and argues forcefully that the arguments of the orthodox Marxist economists, and the manner in which those arguments were couched, were “suppressive and contrary to scientific norms.” The volume concludes with a 2014 debate, in which many of the same issues re-surfaced, between the philosopher Robert Paul Wolff and proponents of the TSSI.
The Falling Rate Of Profit In The Postwar United States Economy
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Author : Fred Moseley
language : en
Publisher: Springer
Release Date : 1991-06-18
The Falling Rate Of Profit In The Postwar United States Economy written by Fred Moseley and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-06-18 with Political Science categories.
Presents an empirical test of Marx's theory of the "falling rate of profit" by deriving estimates of the Marxian rate of profit and its determinants for the post-World War II US economy in order to determine whether the trends in these variables were in the directions predicted by Marx's theory.
Marx And Social Justice
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Author : George E. McCarthy
language : en
Publisher: BRILL
Release Date : 2017-11-01
Marx And Social Justice written by George E. McCarthy and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-01 with Political Science categories.
In Marx and Social Justice, George E. McCarthy presents a detailed and comprehensive overview of the ethical, political, and economic foundations of Marx’s theory of social justice in his early and later writings.
The Making Of Marx S Critical Theory Rle Marxism
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Author : Allen Oakley
language : en
Publisher: Routledge
Release Date : 2015-05-08
The Making Of Marx S Critical Theory Rle Marxism written by Allen Oakley and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-08 with Political Science categories.
Marx’s written output was massive. Much of it remained unpublished in his own lifetime and there is still no complete edition of the extant works, although most have been published in one form or another. This book, first published in 1983, provides an analytical guide to the complex chronological and evolving substantive structure of Marx’s main writings in critical theory. The format is concise and accessible, with each phase of Marx’s evolving critical theory of capitalist society being summarized in a diagram. An invaluable guide for students of Marx, it will lead them through the maze of his works to a potentially deeper understanding of his thought. Allen Oakley believes that, in order to fully comprehend Marx’s critical theory, it is essential to trace its complex evolution. Any serious study of Marx’s critique of capitalism must begin with an appreciation of the bibliographical framework within which his evolving ideas were manifested. Oakley is opposed to approaches to the study of Marx’s critique which take little account of its chronology; such approaches, he believes, are incomplete and potentially misleading with respect to the meaning and significance of the critique. The book includes bibliographical evidence about the unfinished state of Marx’s critical project and its ever-changing scope and organization. It argues, therefore, that the methodological and substantive status of Capital must be interpreted cautiously, for bibliographical evidence shows it to be an unfinished climax to an ambiguous critic-theoretical project of uncertain dimensions. To read it as in any sense a final and definitive statement of Marx’s critical theory is, the author believes, to be deluded.
Accounting For Value In Marx S Capital
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Author : Robert Bryer
language : en
Publisher: Lexington Books
Release Date : 2017-09-07
Accounting For Value In Marx S Capital written by Robert Bryer and has been published by Lexington Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-07 with Business & Economics categories.
Many scholars discuss Marx’s Capital from many perspectives, but Accounting for Value uniquely advances and defends an ‘accounting interpretation’ of his theory of value, that he used it to explain capitalists’ accounts. It confirms and builds on the Temporal Single-System Interpretation’s refutation of the charge that Marx’s illustration of the ‘transformation from values to prices’ is inconsistent, and its defense of his ‘Law of the Tendential Fall in the Rate of Profit’. It rejects other interpretations by showing that only a ‘temporal’, ‘single-system’ interpretation is consistent with Marx’s accounting. The book shows that Marx became seriously interested in accounts from the late 1850s during an important period in the development of his critique of political economy, asking Engels for information and explanations. Examining their letters in the context of Marx’s evolving work, it argues, supports the hypothesis that discovering he could explain them with his theory of value gave him the breakthrough he needed to decide how to present his work and explains why, in 1862, he decided to change its title to Capital. Marx’s explanations of capitalist accounting, it concludes, amount to an ‘accounting theory’ that explains how individual capitalists and the capital market use what is, for many, the ‘invisible hand’ of accounting to control the production and distribution of surplus value. Marx claimed his theory of value was a work of ‘science’, a critique of political economy that would deliver a ‘theoretical blow’ from which the bourgeoisie would ‘never recover’. He failed, critics argue, because his critique depends on hypothetical entities, which we cannot directly observe, such as ‘value’ and ‘abstract labour’, ‘surplus value’, which means his theory is not open to empirical refutation. The book, however, argues that he used his theory of value to explain the ‘phenomenal forms’ of ‘profit’, ‘rate of profit’, etc., by explaining the observable accounting principles and practices capitalists use to calculate and control them, in which, as he said, we can ‘glimpse’ the determination of value by socially necessary labor time, which experience could have refuted.
Value Price And Profit
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Author : Karl Marx
language : en
Publisher:
Release Date : 1910
Value Price And Profit written by Karl Marx and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1910 with Business & Economics categories.
Three Essays On Marx S Value Theory
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Author : Samir Amin
language : en
Publisher: NYU Press
Release Date : 2013-10
Three Essays On Marx S Value Theory written by Samir Amin and has been published by NYU Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10 with Business & Economics categories.
In this slim, insightful volume, noted economist Samir Amin returns to the core of Marxian economic thought: Marx’s theory of value. He begins with the same question that Marx, along with the classical economists, once pondered: how can every commodity, including labor power, sell at its value on the market and still produce a profit for owners of capital? While bourgeois economists attempted to answer this question according to the categories of capitalist society itself, Marx sought to peer through the surface phenomena of market transactions and develop his theory by examining the actual social relations they obscured. The debate over Marx’s conclusions continues to this day. Amin defends Marx’s theory of value against its critics and also tackles some of its trickier aspects. He examines the relationship between Marx’s abstract concepts—such as “socially necessary labor time”—and how they are manifested in the capitalist marketplace as prices, wages, rents, and so on. He also explains how variations in price are affected by the development of “monopoly- capitalism,” the abandonment of the gold standard, and the deepening of capitalism as a global system. Amin extends Marx’s theory and applies it to capitalism’s current trajectory in a way that is unencumbered by the weight of orthodoxy and unafraid of its own radical conclusions.
The Moral Foundations Of Politics
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Author : Ian Shapiro
language : en
Publisher: Yale University Press
Release Date : 2012-10-30
The Moral Foundations Of Politics written by Ian Shapiro and has been published by Yale University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-10-30 with Political Science categories.
When do governments merit our allegiance, and when should they be denied it? Ian Shapiro explores this most enduring of political dilemmas in this innovative and engaging book. Building on his highly popular Yale courses, Professor Shapiro evaluates the main contending accounts of the sources of political legitimacy. Starting with theorists of the Enlightenment, he examines the arguments put forward by utilitarians, Marxists, and theorists of the social contract. Next he turns to the anti-Enlightenment tradition that stretches from Edmund Burke to contemporary post-modernists. In the last part of the book Shapiro examines partisans and critics of democracy from Plato’s time until our own. He concludes with an assessment of democracy’s strengths and limitations as the font of political legitimacy. The book offers a lucid and accessible introduction to urgent ongoing conversations about the sources of political allegiance.
Wages Price And Profit
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Author : Karl Marx
language : en
Publisher: DigiCat
Release Date : 2022-08-10
Wages Price And Profit written by Karl Marx and has been published by DigiCat this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-08-10 with Fiction categories.
"Wage-Labour and Capital" was derived from Marx's lectures to the German Workmen's Club of Brussels in 1847, during a period of great political upheaval. The relationship between wage labor and capital is a central concept in Marx's political economy analysis. This book is essential for understanding the evolution of Marxist theory.
The Falling Rate Of Profit And The Great Recession Of 2007 2009
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Author : Peter H. Jones
language : en
Publisher: BRILL
Release Date : 2021-04-06
The Falling Rate Of Profit And The Great Recession Of 2007 2009 written by Peter H. Jones and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-06 with Political Science categories.
In The Falling Rate of Profit and the Great Recession of 2007-2009, Peter H. Jones develops a new non-equilibrium interpretation of the labour theory of value Karl Marx builds in Capital. Applying this to US national accounting data, Jones shows that when measured correctly the profit rate falls in the lead up to the Great Recession, and for the main reason Marx identifies: the rising organic composition of capital. Jones also details a new theory of finance, which shows how cycles in the profit rate relate to stock market booms and slumps, and movements in the interest rate. He discusses the implications of the analysis and Marx and Engels’ work generally for a democratic socialist strategy.