The Economic Theory of the Leisure Class - Softcover

Bukharin, Nikolai

Softcover

ISBN 10: 085345261X ISBN 13: 9780853452614

Publisher: Monthly Review Press, 1972

Synopsis

Bukharin completed this work in 1914; it represented an attempt to grapple with the Austrian School of political economy, as represented chiefly by Eugen von Böhm-Bawerk. Bukharin interprets the school as reflecting the social position of the rentier stratum of the capitalist class, which tends to view the economy from the point of view of consumption rather than production. But this is merely the introduction to a close consideration of the theory of marginal utility as contrasted with the labor theory of value which formed the starting point of both Marxism and classical economics. His discussion, therefore, while it does not deal with the many changes and refinements of neoclassical economics, does contrast, in polemical form, Marxism with the fundamental premises of modern academic economics. His discussion of "subjective" and "objective" value definitions, in particular, will help clarify for many the essential differences that distinguish Marxist political economy from other schools.

About this title

Language Notes:

Text: English, Russian (translation)

About this edition

• Publisher: Monthly Review Press
• Publication date: 1972
• ISBN 10: 085345261X
• ISBN 13: 9780853452614
• Binding: Paperback
• Number of pages: 224