Marx s Labor Theory of Value

This is simply because no one grasped the nature of capitalism on a more profound level than Marx did.

Marx s Labor Theory of Value

Author: Roy West

Publisher: iUniverse

ISBN: 0595346006

Page: 424

View: 986

Karl Marx's ideas have been declared "dead" on more than one occasion, only to emerge with new relevance a few years later. But the "collapse of communism" seemed to be the final nail in his coffin. The end of history had been reached, we were told, and poor old Karl was wrong. - Or was he? In Marx's Labor Theory of Value: A Defense, Hayashi Hiroyoshi argues that Marx will continue to be relevant as long as capitalism continues to exist. This is simply because no one grasped the nature of capitalism on a more profound level than Marx did. Hayashi presents the most fundamental aspects of Marxist economic thought, centering on the discussion of the commodity at the beginning of Capital. Also included are detailed examinations of Adam Smith's theory of value and the concepts of ground-rent, credit, and productive labor. Hayashi shows that Marx's labor theory of value is the key not only to understanding capitalism but also for grasping the essential characteristics of socialism. And socialism-as the real solution to the contradictions of capitalism-turns out to have little in common with the recently deceased "communist" states. Now that history has resumed-after its brief "hiatus"-it's time to return to Marx!

Related Books:

Marx's Labor Theory of Value
Language: en
Pages: 424
Authors: Roy West
Categories: Business & Economics
Type: BOOK - Published: 2005-03 - Publisher: iUniverse

Karl Marx's ideas have been declared "dead" on more than one occasion, only to emerge with new relevance a few years later. But the "collapse of communism" seemed to be the final nail in his coffin. The end of history had been reached, we were told, and poor old Karl
Essays on Marx's Theory of Value
Language: en
Pages: 275
Authors: I.I. Rubin
Categories: Value
Type: BOOK - Published: 2014 - Publisher: Aakar Books

Economist, theorist and historian, the author suggests a definition of political economy which has nothing in common with the definition of economics. He states that political economy deals with human working activity, not from the standpoint of its technical methods and instruments of labor, but from the standpoint of its
Spectral Theory of Value and Actual Economies
Language: en
Pages:
Authors: Theodore Mariolis
Categories: Value
Type: BOOK - Published: - Publisher: Springer Nature

Books about Spectral Theory of Value and Actual Economies
Theories of Value and Distribution Since Adam Smith
Language: en
Pages: 295
Authors: Maurice Dobb, Maurice Herbert Dobb
Categories: Business & Economics
Type: BOOK - Published: 1975-04-17 - Publisher: Cambridge University Press

Identifies scientific and ideological elements in the theories of such economists as Ricardo, Mill, Marx, Jevons, and Keynes. Bibliogs
An Introduction to Post-Keynesian and Marxian Theories of Value and Price
Language: en
Pages: 222
Authors: Peter M. Lichtenstein
Categories: Business & Economics
Type: BOOK - Published: 2017-01-20 - Publisher: Routledge

Peter M. Lichtenstein believes that any social-economic theory of capitalism must begin with a theory of value and price. Dismissing the neoclassical school, he turns to post-Keynesian and Marxian economics with their coherent and consistent theories of value and price based on concrete objective circumstances. The development of these theories