Reclaiming Marx's 'Capital': A Refutation of the Myth of Inconsistency (The Raya Dunayevskaya Series in Marxism and Humanism)

Kliman Pace University, Andrew

ISBN 10: 0739118528 / ISBN 13: 9780739118528

Published by Lexington Books, 2006

About this Item

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Bibliographic Details

• Title: Reclaiming Marx's 'Capital': A Refutation of the Myth of Inconsistency (The Raya Dunayevskaya Series in Marxism and Humanism)
• Publisher: Lexington Books
• Publication Date: 2006
• Language: English
• ISBN 10: 0739118528
• ISBN 13: 9780739118528
• Binding: paperback
• Condition: New
• Weight: 14 ounces

About this title

Synopsis

This book seeks to reclaim Capital from the myth of internal inconsistency, a myth that serves to justify the censorship of Marx's critique of political economy and present-day research based upon it. Andrew Kliman shows that the alleged inconsistencies are actually caused by misinterpretation. By modifying the standard interpretation of Marx's value theory in two simple ways, the recent "temporal single-system interpretation" eliminates all of the alleged inconsistencies. Written especially for the non-specialist reader, in a clear, accessible style and with the bare minimum of mathematics, Reclaiming Marx's "Capital" introduces readers to Marx's value theory and contrasting interpretations of it, the history of the internal inconsistency controversy, and interpretive standards and methods. Kliman then surveys Marx's falling-rate-of-profit theory, the relationship of prices to values (the "transformation problem"), Marx's exploitation theory of profit, and other topics. The book ends with a discussion of why the myth of inconsistency persists, and a call to set the record straight.

About the Author

Andrew Kliman is professor in the Department of Economics at Pace University.