Analytical Foundations of Marxian Economic Theory

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9780521230476: Analytical Foundations of Marxian Economic Theory
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Professor Roemer's goal in this book is to give a rigorous view of classical Marxian economic theory by presenting specific analytic models. The theory is not extended to deal with new problems, but it is deepened: Marxian theory is given micro-foundations and upon those foundations the author begins to rebuild a tightly constructed Marxian economics. The book begins, after a methodological introduction, with an examination of the Marxian notion of equilibrium and the theory of exploitation, and goes on to deal with the theory of the falling rate of profit. The next section explores one of the points made in the first section of the book, that the Marxian theory of exploitation can be constructed completely independently of the labor theory of value as a theory of exchange. Technical study of this problem allows comment on various issues, such as the relative importance of "marginal utilities" and "class struggle" in determining relative prices. The final part examines models of various Marxian concepts.

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Offers a rigorous view of Marxian economic theory by presenting specific analytic models. Discusses its classical aspects as well as the theory of the falling rate of profit and the relative importance of "marginal utilities" and "class struggle" in determining relative prices.

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9780521347754: Analytical Foundations of Marxian Economic Theory

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ISBN 10:  0521347750 ISBN 13:  9780521347754
Publisher: Cambridge University Press, 1989
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John E. Roemer
Published by Cambridge University Press (1981)
ISBN 10: 0521230470 ISBN 13: 9780521230476
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