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This ambitious book presents a comprehensive new 'macro-monetary' interpretation of Marx’s logical method in Capital , based on substantial textual evidence, which emphasises two main points: (1) Marx’s theory is primarily a macroeconomic theory of the total surplus-value produced in the economy as a whole; and (2) Marx’s theory is a monetary theory from beginning to end and the circuit of money capital – M - C - M’ – is the logical framework of Marx’s theory. It follows from this 'macro-monetary' interpretation that, contrary to the prevailing view, there is no 'transformation problem' in Marx’s theory; id est, Marx did not 'fail to transform the inputs of constant capital and variable capital' in his theory of prices of production in Part 2 of Volume III.
Capital. --- Macroeconomics. --- Marxian economics. --- Marxist economics --- Communism --- Schools of economics --- Socialism --- Economics --- Capital assets --- Fixed assets --- Capitalism --- Infrastructure (Economics) --- Wealth --- Marx, Karl, --- Capital --- Macroeconomics --- Marxian economics --- E-books
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“Professor Moseley’s deep knowledge of Marx’s texts is on full display in this work. Critics and defenders should agree: this book is an immensely important contribution to the debate that deserves a wide audience.” —Tony Smith, Professor Emeritus in Philosophy, Iowa State University, USA “Fred Moseley´s book is a timely and indispensable contribution to Marx studies. Moseley makes a strong case for a production-centered understanding of value as a historically-specific social form, with emphasis on the quantitative issue of the magnitude of value.” —Guido Starosta, Professor of History of Economic Thought, National University of Quilmes, Argentina “Fred Moseley’s book shows that, for Marx, exchange follows and is determined by production rather than vice versa as Heinrich’s value-form interpretation maintains. This logic is a necessary prerequisite for Marx’s theory of exploitation and the concomitant task of overthrowing capitalism.” —Stavros Mavroudeas, Professor of Political Economy, Panteion University, Greece Chapter 1 is the most important chapter in Capital, as well as the most difficult and the most controversial. An influential interpretation of Chapter 1 in recent decades has been the so-called “value-form interpretation” of Marx’s theory in general and Chapter 1 in particular. The most important proponent of the value-form interpretation today, both in Germany and in the English-speaking world, is Michael Heinrich, and Heinrich’s work has emphasized the first chapter. Heinrich’s latest book in English is a detailed commentary of the first seven chapters of Volume 1 of Capital. The publication of an English translation of Heinrich’s book is an important event in Marxian scholarship and it is important to critically engage with this important book in order to advance our understanding of this critical foundational chapter. This book emphasizes the quantitative issue of whether the magnitude of value and socially necessary labour-time are determined in production or also depend on exchange and demand, which has been the main issue in the controversy over the value-form interpretation. Fred Moseley is Emeritus Professor of Economics at Mount Holyoke College, USA, and author of Money and Totality (2017).
Political science. --- Marxian school of sociology. --- Marxian economics. --- Economics. --- Political Theory. --- Marxist Sociology. --- Marxist Economics. --- Political Economy and Economic Systems. --- Economic theory --- Political economy --- Social sciences --- Economic man --- Marxist economics --- Communism --- Schools of economics --- Socialism --- Marxian sociology --- Marxist sociology --- Sociology, Marxian --- Sociology, Marxist --- Communism and society --- Schools of sociology --- Frankfurt school of sociology --- Administration --- Civil government --- Commonwealth, The --- Government --- Political theory --- Political thought --- Politics --- Science, Political --- State, The --- Economics --- Business & Economics
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"Professor Moseley's deep knowledge of Marx's texts is on full display in this work. Critics and defenders should agree: this book is an immensely important contribution to the debate that deserves a wide audience." -Tony Smith, Professor Emeritus in Philosophy, Iowa State University, USA "Fred Moseley´s book is a timely and indispensable contribution to Marx studies. Moseley makes a strong case for a production-centered understanding of value as a historically-specific social form, with emphasis on the quantitative issue of the magnitude of value." -Guido Starosta, Professor of History of Economic Thought, National University of Quilmes, Argentina "Fred Moseley's book shows that, for Marx, exchange follows and is determined by production rather than vice versa as Heinrich's value-form interpretation maintains. This logic is a necessary prerequisite for Marx's theory of exploitation and the concomitanttask of overthrowing capitalism." -Stavros Mavroudeas, Professor of Political Economy, Panteion University, Greece Chapter 1 is the most important chapter in Capital, as well as the most difficult and the most controversial. An influential interpretation of Chapter 1 in recent decades has been the so-called "value-form interpretation" of Marx's theory in general and Chapter 1 in particular. The most important proponent of the value-form interpretation today, both in Germany and in the English-speaking world, is Michael Heinrich, and Heinrich's work has emphasized the first chapter. Heinrich's latest book in English is a detailed commentary of the first seven chapters of Volume 1 of Capital. The publication of an English translation of Heinrich's book is an important event in Marxian scholarship and it is important to critically engage with this important book in order to advance our understanding of this critical foundational chapter. This book emphasizes the quantitative issue of whether the magnitude of value and socially necessary labour-time are determined in production or also depend on exchange and demand, which has been the main issue in the controversy over the value-form interpretation. Fred Moseley is Emeritus Professor of Economics at Mount Holyoke College, USA, and author of Money and Totality (2017).
Politics --- Economics --- economie --- politiek --- Political science. --- Marxian school of sociology. --- Marxian economics. --- Economics. --- Political Theory. --- Marxist Sociology. --- Marxist Economics. --- Political Economy and Economic Systems.
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Money --- Congresses --- Marx, Karl,
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Bibliotheek François Vercammen
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This book provides a wide-ranging and in-depth reappraisal of the relation between Marx’s economic theory in Capital and Hegel’s Logic by leading Marxian economists and philosophers from around the world. The subjects dealt with include: systematic dialectics, the New Dialectics, materialism vs. idealism, Marx’s ‘inversion’ of Hegel, Hegel’s Concept logic (universality-particularity-singularity), Hegel’s Essence logic (essence-appearance), Marx’s levels of abstraction of capital in general and competition, and capital as Hegelian Subject. The papers in this volume were originally presented at the 22nd annual meeting of the International Symposium on Marxian Theory at Mount Holyoke College in August 2011. The twelve authors are divided between seven economists and five philosophers, as is fitting for the interdisciplinary subject of the relation between Marx’s economic theory and Hegel’s logic. Contributors are: Chris Arthur, Riccardo Bellofiore, Roberto Fineschi, Gastón Caligaris, Igor Hanzel, Juan Iñigo Carrera, Mark Meaney, Fred Moseley, Patrick Murray, Geert Reuten, Mario Robles, Tony Smith, and Guido Starosta.
Marx, Karl, -- 1818-1883. -- Capital -- Congresses. --- Marxian economics -- Congresses. --- Marxian economics. --- Marxian economics --- Dialectic --- Business & Economics --- Economic Theory --- Dialectic. --- Marx, Karl, --- Hegel, Georg Wilhelm Friedrich, --- Marxist economics --- Polarity --- Polarity (Philosophy) --- Communism --- Schools of economics --- Socialism
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Marx’s only full draft of Volume III of Capital was written in the Economic Manuscript of 1864—1865 . The Volume III that we know was heavily edited by Engels. It has been a long-standing question in Marxian scholarship whether or not there are significant differences between Marx’s original manuscript and Engels’s edited version. Marx’s manuscript was published for the first time in German in 1992 in the Marx/Engels Gesamtausgabe , Section II, Volume 4.2, but this important manuscript has not previously been translated into English. The publication of this English translation of Marx’s original manuscript is thus an important event in Marxian scholarship. English-speaking Marxist scholars can finally compare Engels’s Volume III with Marx’s original manuscript and evaluate for themselves the significance of the differences.
Marxian economics. --- Marxist economics --- Communism --- Schools of economics --- Socialism --- Marx, Karl,
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