New Book: Value, Competition and Exploitation – Marx’s Legacy Revisited

By Jonathan F. Cogliano, Peter Flaschel, Reiner Franke, Nils Fröhlich, and Roberto Veneziani. From Edward Elgar: This book provides a comprehensive and rigorous, yet accessible, analysis of classical and Marxian price and value theory using the tools of contemporary economic analysis. The broad conceptual framework and methodology of Marx and the classical authors offers interesting … More New Book: Value, Competition and Exploitation – Marx’s Legacy Revisited

The Multiple Meanings of Marx’s Value Theory

by Riccardo Bellofiore. Originally posted here Karl Marx’s “critique of political economy” is grounded in his value theory. “Critique” has to be distinguished from criticism: Marx aimed not only to point out the errors of political economy, but also to learn from its scientific results. Here the key names are François Quesnay, Adam Smith, and … More The Multiple Meanings of Marx’s Value Theory

New Book: Marx’s Theory of the Genesis of Money – How, Why, and Through What is a Commodity Money?

By Samezō Kuruma. Translated and edited by Michael Schauerte. From Brill: In this volume, Marx’s Theory of the Genesis of Money. How, Why, and Through What is a Commodity Money?, the first of the author’s works to be translated into English, Samezō Kuruma examines the different angles from which Marx analyses the commodity and money … More New Book: Marx’s Theory of the Genesis of Money – How, Why, and Through What is a Commodity Money?

New Book by Robin Hahnel: Radical Political Economy – Sraffa Versus Marx

From Routledge: For too long radical political economy has suffered for lack of a coherent alternative to formal Marxian economic theory. People have had to choose between (1) continuing to use a formal model based on the labor theory of value as Marx developed in Capital to justify and retain one’s opposition to capitalism, or … More New Book by Robin Hahnel: Radical Political Economy – Sraffa Versus Marx