Synopsis
Classic work of political economics
In this classic work of political economy, Emmanuel Farjoun and Moshé Machover rebuild two fundamental concepts of the discipline: price and profit. They redefine the basic notions of political economy, relying on probabilistic–statistical methods of the kind used in the modern foundations of other sciences. This amounts to a rigorous new foundation of the labour theory of value.
A defining work of Econophysics, republished for the first time since 1983, Laws of Chaos remains a challenging, innovative work of Marxist economics.
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About the Author
Moshé Machover is a mathematician, philosopher, and socialist activist, noted for his writings on the Israeli–Palestinian conflict.
Emmanuel Farjoun teaches mathematics at Hebrew University in Jerusalem.
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Paperback. Condition: New. A defining work of Econophysics, republished for the first time since 1983, Laws of Chaos is an attempt to construct a non-deterministic theoretical framework for the foundations of political economy. It relies on probabilistic and statistical methods of the kind used in the modern foundations of several other sciences, introducing scientific modelling into economics for the first time. Seller Inventory # LU-9781788736480