Value, Technical Change and Crisis: Explorations in Marxist Economic Theory

David Laibman

ISBN 10: 0873327365 / ISBN 13: 9780873327367

Published by Routledge 1992-06-30, 1992

About this Item

Seller Inventory # 6666-IUK-9780873327367

Bibliographic Details

• Title: Value, Technical Change and Crisis: Explorations in Marxist Economic Theory
• Publisher: Routledge 1992-06-30
• Publication Date: 1992
• Language: English
• ISBN 10: 0873327365
• ISBN 13: 9780873327367
• Binding: Paperback
• Condition: New

About this title

Synopsis

This text brings together studies in various aspects of the theory of the capitalist economy. It focuses on major themes of the Marxist tradition that postulate the existence and importance of social relations and structures underlying the esoteric realm of economic categories: prices, profits, wages, etc. The author takes a reappraising, critical look at the concepts of the deep structure - value, explitation, immanent crisis - using the analytical tools of modern economics to improve those concepts. The book is divided into four parts. Part 1 explores the essential nature of capitalism, re-examining problems in the theory of value and exploitation. Part 2 tackles the issue of capitalism-specific paths of growth and technical change, putting forward a rigorous theory of biased technical change and non-steady-state growth. Part 3 examines the cyclical character of capitalist growth and the theory of crises. Finally, Part 4 places capitalism in the wider framework of modes of production, considering the theory of precapitalist formations and aspects of the theory and practical experience of socialism. The guiding theme is the combination, or confrontation, of rigorous, quantitative analytical techniques with equally demanding qualitative and political-economic conceptualization. The book's premise is that this interface is essential to a progressive yet distinctively Marxist social theory.

About the Author

David Laibman