By Ludo Cuyvers
Nearly 2 hundred years have handed because the delivery of Karl Marx and carrying on with to at the present time the impression of his fiscal perspectives, insights and theories can nonetheless be felt. even though, because the ebook of Das Kapital, the clinical neighborhood has no longer been sitting idle – it's time to evaluation Marx as an economist and discover what he can deliver to trendy financial considering, fairly post-Keynesian economics.
Starting with Marx’s schemes of copy, which, it truly is proven, are the foundation of the linear version of creation as used because the Nineteen Sixties via Piero Sraffa, Michio Morishima and others, the booklet stories and assesses Marx’s significant financial theses. those comprise: the labour conception of price; accumulation and technical switch and its effect on labour; the idea that of unproductive labour; the tendential falling price of earnings; the evolution and determinants of the proportion of wages in nationwide source of revenue; in addition to short-run and long-run fiscal dynamics. The fiscal rules of Marx's Capital updates the theses of the labour concept of price and the stipulations for balanced progress utilizing the hot scholarly literature, and likewise additional develops concerns concerning Marx’s proposal of effective labour. furthermore, the e-book analyses the highbrow dating of Marx’s monetary idea with post-Keynesian neo-Marxism, quite within the writings of Michal Kalecki, Joan Robinson and others. through doing so, the e-book exhibits the necessity and probabilities of integrating significant insights of Marxist and post-Keynesian theory.
This quantity may be of curiosity to those that desire to discover Marx’s financial theories via a non-ideological strategy, in addition to scholars of Marxist economics, post-Keynesian economics and the historical past of monetary thought.