Marxs Theory Of Value In Chapter 1 Of Capital

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Marx’s Theory of Value in Chapter 1 of Capital

Author : Fred Moseley
Publisher : Springer Nature
ISBN 13 : 3031132106
Total Pages : 187 pages
Book Rating : 4.0/5 (311 download)

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Book Synopsis Marx’s Theory of Value in Chapter 1 of Capital by : Fred Moseley

Download or read book Marx’s Theory of Value in Chapter 1 of Capital written by Fred Moseley and published by Springer Nature. This book was released on 2023-05-11 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Money and Totality

Author : Fred Moseley
Publisher : BRILL
ISBN 13 : 9004301933
Total Pages : 433 pages
Book Rating : 4.0/5 (43 download)

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Book Synopsis Money and Totality by : Fred Moseley

Download or read book Money and Totality written by Fred Moseley and published by BRILL. This book was released on 2015-09-29 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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; i.e., 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.

Understanding Marx’s Capital: A reader’s guide

Author : Adam Booth
Publisher : Wellred Books
ISBN 13 : 1913026116
Total Pages : 353 pages
Book Rating : 4.9/5 (13 download)

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Book Synopsis Understanding Marx’s Capital: A reader’s guide by : Adam Booth

Download or read book Understanding Marx’s Capital: A reader’s guide written by Adam Booth and published by Wellred Books. This book was released on 2019-07-11 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Marx's Capital was a book that revolutionised political economy and for the first time opened our eyes to the real workings of capitalism. It was, however, met with a wall of silence from the mainstream economists and the establishment. Despite this, Capital became regarded in the workers' movement as the Bible of the working class... The aim of this book, written by authors from the International Marxist Tendency, is to help guide readers through the pages of volume one of Capital; to bring out the main themes and ideas contained within it; and to discuss the relevance of this great Marxist classic in terms of understanding the crisis-ridden world around us today - and, most importantly, how we can radically transform it.

Accounting for Value in Marx's Capital

Author : Robert Bryer
Publisher : Lexington Books
ISBN 13 : 1498536077
Total Pages : 333 pages
Book Rating : 4.4/5 (985 download)

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Book Synopsis Accounting for Value in Marx's Capital by : Robert Bryer

Download or read book Accounting for Value in Marx's Capital written by Robert Bryer and published by Lexington Books. This book was released on 2017-09-07 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

An Introduction to the Three Volumes of Karl Marx's Capital

Author : Michael Heinrich
Publisher : NYU Press
ISBN 13 : 1583672915
Total Pages : 240 pages
Book Rating : 4.5/5 (836 download)

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Book Synopsis An Introduction to the Three Volumes of Karl Marx's Capital by : Michael Heinrich

Download or read book An Introduction to the Three Volumes of Karl Marx's Capital written by Michael Heinrich and published by NYU Press. This book was released on 2012-06-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economic crisis and recession that began in 2008 had at least one unexpected outcome: a surge in sales of Karl Marx's Capital. Although mainstream economists and commentators once dismissed Marx's work as outmoded and flawed, some are begrudgingly acknowledging an analysis that sees capitalism as inherently unstable. And of course, there are those, like Michael Heinrich, who have seen the value of Marx all along, and are in a unique position to explain the intricacies of Marx's thought. Heinrich's modern interpretation of Capital is now available to English-speaking readers for the first time. It has gone through nine editions in Germany, is the standard work for Marxist study groups, and is used widely in German universities. The author systematically covers all three volumes of Capital and explains all the basic aspects of Marx's critique of capitalism in a way that is clear and concise. He provides background information on the intellectual and political milieu in which Marx worked, and looks at crucial issues beyond the scope of Capital, such as class struggle, the relationship between capital and the state, accusations of historical determinism, and Marx's understanding of communism. Uniquely, Heinrich emphasizes the monetary character of Marx's work, in addition to the traditional emphasis on the labor theory of value, this highlighting the relevance of Capital to the age of financial explosions and implosions.

Capital

Author : Carl Marx
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781987436518
Total Pages : 320 pages
Book Rating : 4.4/5 (365 download)

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Book Synopsis Capital by : Carl Marx

Download or read book Capital written by Carl Marx and published by Createspace Independent Publishing Platform. This book was released on 2018-04 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written: in draft by Marx 1863-1878, edited for publication by Engels; First published: in German in 1885, authoritative revised edition in 1893; Source: First English edition of 1907; Published: Progress Publishers, Moscow, 1956, USSR.

Marx's Theory of Value in Chapter 1 of Capital

Author : Fred Moseley
Publisher :
ISBN 13 : 9783031132117
Total Pages : 0 pages
Book Rating : 4.1/5 (321 download)

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Book Synopsis Marx's Theory of Value in Chapter 1 of Capital by : Fred Moseley

Download or read book Marx's Theory of Value in Chapter 1 of Capital written by Fred Moseley and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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).

How to Read Marx's Capital

Author : Michael Heinrich
Publisher : NYU Press
ISBN 13 : 1583678964
Total Pages : 409 pages
Book Rating : 4.5/5 (836 download)

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Book Synopsis How to Read Marx's Capital by : Michael Heinrich

Download or read book How to Read Marx's Capital written by Michael Heinrich and published by NYU Press. This book was released on 2021-08-23 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible companion to Karl Marx's essential Capital With the recent revival of Karl Marx's theory, a general interest in reading Capital has also increased. But Capital—Marx’s foundational nineteenth-century work on political economy—is by no means considered an easily understood text. Central concepts, such as abstract labor, the value-form, or the fetishism of commodities, can seem opaque to us as first-time readers, and the prospect of comprehending Marx’s thought can be truly daunting. Until, that is, we pick up Michael Heinrich’s How to Read Marx's Capital. Paragraph by paragraph, Heinrich provides extensive commentary and lucid explanations of questions and quandaries that arise when encountering Marx’s original text. Suddenly, such seemingly gnarly chapters as “The Labor Process and the Valorization Process” and “Money or the Circulation of Capital” become refreshingly clear, as Heinrich explains just what we need to keep in mind when reading such a complex text. Deploying multiple appendices referring to other pertinent writings by Marx, Heinrich reveals what is relevant about Capital, and why we need to engage with it today. How to Read Marx's Capital provides an illuminating and indispensable guide to sorting through cultural detritus of a world whose political and economic systems are simultaneously imploding and exploding.

Wage-Labour and Capital

Author : Karl Marx
Publisher : Wildside Press LLC
ISBN 13 : 1434469263
Total Pages : 54 pages
Book Rating : 4.4/5 (344 download)

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Book Synopsis Wage-Labour and Capital by : Karl Marx

Download or read book Wage-Labour and Capital written by Karl Marx and published by Wildside Press LLC. This book was released on 2008-04-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains an English translation of Karl Marx's influential essay.

Fetishism and the Theory of Value

Author : Desmond McNeill
Publisher : Springer Nature
ISBN 13 : 3030561232
Total Pages : 324 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Fetishism and the Theory of Value by : Desmond McNeill

Download or read book Fetishism and the Theory of Value written by Desmond McNeill and published by Springer Nature. This book was released on 2020-11-12 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book demonstrates the continuing relevance of Marx’s critique of the capitalist system, in which value is simply equated with market price. It includes chapters specifically on the environment and financialisation, and presents Marx’s qualitative theory of value and the associated concept of fetishism in a clear and comprehensive manner. Section I demonstrates how fetishism developed in Marx’s writing from a journalistic metaphor to an analytical device central to his critique. In Section II, commodity fetishism is distinguished from other forms: of money, capital and interest-bearing capital. There follows an analysis of Marx’s complex attempt to distinguish his argument from that of Ricardo, and Samuel Bailey. The section ends with a discussion of the ontological status of value: as a social rather than a natural phenomenon. Section III considers the merits of understanding value by analogy with language, and critically assesses the merits of structural Marxism. Section IV challenges Marx’s emphasis solely on production, and considers also exchange and consumption as social relations. Section V critically assesses recent Marx-inspired literature relating to the two key crises of our time, finance and the environment, and identifies strong similarities between the key analytical questions that have been debated in each case.

The Value of Marx

Author : Alfredo Saad Filho
Publisher : Routledge
ISBN 13 : 1134566972
Total Pages : 190 pages
Book Rating : 4.1/5 (345 download)

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Book Synopsis The Value of Marx by : Alfredo Saad Filho

Download or read book The Value of Marx written by Alfredo Saad Filho and published by Routledge. This book was released on 2001-11-29 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes an overview of recent developments in political economy in general, and Marxist value theory in particular. The implications of value theory for bank credit, inflation and deflation are fully explored.

Marx Matters

Author :
Publisher : BRILL
ISBN 13 : 9004504796
Total Pages : 378 pages
Book Rating : 4.0/5 (45 download)

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Book Synopsis Marx Matters by :

Download or read book Marx Matters written by and published by BRILL. This book was released on 2022-01-17 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Marx Matters noted scholars explore the way a Marxian political economy addresses contemporary social problems, demonstrating the relevance of Marx today and outlining how his work can frame progressive programs for social change.

Theories of Surplus Value

Author : Karl Marx
Publisher : Pattern Books
ISBN 13 : 5177604322
Total Pages : 534 pages
Book Rating : 4.1/5 (776 download)

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Book Synopsis Theories of Surplus Value by : Karl Marx

Download or read book Theories of Surplus Value written by Karl Marx and published by Pattern Books. This book was released on 2020-09-28 with total page 534 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theories of Surplus Value is a book that, unlike Marx, actually needs an introduction. Theories was intended to be collected and published as the fourth volume to Marx's Capital, but after Engels had successfully collected and published volumes two and three after Marx's death, Engels died before he could publish it. Theories has had a long history of being in-and-out of publication, and particularly in-and-out of being an actually accessible publication. In 1905, the infamously-hated-by-Lenin Karl Kautsky, published the first edition of the manuscript in three volumes separated and rearranged by Adam Smith in volume one, to David Ricardo in the other two volumes, with the breakup of the Ricardian school as the third volume. Kautsy's version circulated in print and was translated to many languages over the decades, remaining the sole version of Theories until The Institute of Marxism-Leninism published a new German version. This arrangement, while still relatively close to Kautsy's narrative arrangement of tracing surplus value from Smith to the Ricardian split into "vulgar economics," annotated the manuscript with different topic headings. This version was then translated into English by Progress Publishers and this is the version of the book which circulates today and is considered to be the most accurate version to Marx's notebooks. This Radical Reprint by Pattern Books is made to be accessible and as close to only manufacturing cost as possible. This first volume of Theories of Surplus Value covers the origins of surplus value, to clarifying confusion between value and material substance, to Adam Smith's definitions of value and the contradictions of Smith's idea on value and profit, to another extrapolation on circulation within and by capitalist production and the process of reproduction. These three volumes, in totality, are to show how the classical theories of value led to a theory stuck within the market paradigm and caught in the loop of capitalist circularity. For Marx, the current ontology of political economy only ruled within the scope of pragmatism within the market system, and these programs no longer offered any integrated theory of capitalism.

Labour and Value: Rethinking Marx’s Theory of Exploitation

Author : Ernesto Screpanti
Publisher : Open Book Publishers
ISBN 13 : 178374782X
Total Pages : 134 pages
Book Rating : 4.7/5 (837 download)

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Book Synopsis Labour and Value: Rethinking Marx’s Theory of Exploitation by : Ernesto Screpanti

Download or read book Labour and Value: Rethinking Marx’s Theory of Exploitation written by Ernesto Screpanti and published by Open Book Publishers. This book was released on 2019-10-09 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book Ernesto Screpanti provides a rigorous examination of Marx’s theory of exploitation, one of the cornerstones of Marxist thought. With precision and clarity, he identifies the holes in traditional readings of Marx’s theory before advancing his own original interpretation, drawing on contemporary philosophy and economic theory to provide a refreshingly interdisciplinary exegesis. Screpanti’s arguments are delivered with perspicuity and verve: this is a book that aims to spark a debate. He exposes ambiguities present in Marx’s exposition of his own theory, especially when dealing with the employment contract and the notions of ‘abstract labor’ and ‘labor value’, and he argues that these ambiguities have given rise to misunderstandings in previous analyses of Marx’s theory of exploitation. Screpanti’s own interpretation is a meticulously argued counterpoint to these traditional interpretations. Labour and Value is a significant contribution to the theory of economics, particularly Marxist economics. It will also be of great interest to scholars in other disciplines including sociology, political science, and moral and political philosophy. Screpanti’s clear and engaging writing style will attract the interested general reader as well as the academic theorist.

Key Elements of Social Theory Revolutionized by Marx

Author : Paul Zarembka
Publisher : BRILL
ISBN 13 : 9004432701
Total Pages : 287 pages
Book Rating : 4.0/5 (44 download)

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Book Synopsis Key Elements of Social Theory Revolutionized by Marx by : Paul Zarembka

Download or read book Key Elements of Social Theory Revolutionized by Marx written by Paul Zarembka and published by BRILL. This book was released on 2020-09-25 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: Marx's oeuvre is vast yet with key elements to an evolving social theory, even including state conspiracies. Deep confrontation with Ricardian economics is an expression, including with accumulation of capital. Luxemburg was the most significant contributor to Marxism, post-Marx.

Labor Theory of Value

Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 415 pages
Book Rating : 4.:/5 (661 download)

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Book Synopsis Labor Theory of Value by : Fouad Sabry

Download or read book Labor Theory of Value written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-01-19 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Labor Theory of Value The labor theory of value (LTV) is a theory of value that argues that the economic value of a good or service is determined by the total amount of "socially necessary labor" required to produce it. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Labor theory of value Chapter 2: Capital (economics) Chapter 3: Transformation problem Chapter 4: Classical economics Chapter 5: Organic composition of capital Chapter 6: Use value Chapter 7: Theory of value (economics) Chapter 8: Law of value Chapter 9: Prices of production Chapter 10: Productive and unproductive labour Chapter 11: Unequal exchange Chapter 12: Tendency of the rate of profit to fall Chapter 13: Criticism of Marxism Chapter 14: Temporal single-system interpretation Chapter 15: Commodity (Marxism) Chapter 16: Criticisms of the labour theory of value Chapter 17: Constant capital Chapter 18: Capitalist mode of production (Marxist theory) Chapter 19: Surplus value Chapter 20: Marxian economics Chapter 21: Capital accumulation (II) Answering the public top questions about labor theory of value. (III) Real world examples for the usage of labor theory of value in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of labor theory of value.

A People's Guide to Capitalism

Author : Hadas Thier
Publisher : Haymarket Books
ISBN 13 : 1642592188
Total Pages : 289 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis A People's Guide to Capitalism by : Hadas Thier

Download or read book A People's Guide to Capitalism written by Hadas Thier and published by Haymarket Books. This book was released on 2018-06-02 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: A lively, accessible, and timely guide to Marxist economics for those who want to understand and dismantle the world of the 1%. Economists regularly promote Capitalism as the greatest system ever to grace the planet. With the same breath, they implore us to leave the job of understanding the magical powers of the market to the “experts.” Despite the efforts of these mainstream commentators to convince us otherwise, many of us have begun to question why this system has produced such vast inequality and wanton disregard for its own environmental destruction. This book offers answers to exactly these questions on their own terms: in the form of a radical economic theory. “Thier’s urgently needed book strips away jargon to make Marx’s essential work accessible to today’s diverse mass movements.” —Sarah Leonard, contributing editor to The Nation “A great book for proletarian chain-breaking.” —Rob Larson, author of Bit Tyrants: The Political Economy of Silicon Valley “Thier unpacks the mystery of capitalist inequality with lucid and accessible prose . . . . We will need books like A People’s Guide to help us make sense of the root causes of the financial crises that shape so many of our struggles today.” —Keeanga-Yamahtta Taylor, author of Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership “Ranging from exploitation at work to the operations of modern finance, this book takes the reader through a fine-tuned introduction to Marx’s analysis of the modern economy . . . . Thier combines theoretical explanation with contemporary examples to illuminate the inner workings of capitalism . . . . Reminds us of the urgent need for alternatives to a crisis-ridden system.” —David McNally, author of Blood and Money