Author: Robert Bryer Publisher: Rowman & Littlefield ISBN: 1498551645 Category : Business & Economics Languages : en Pages : 439
Book Description
Accounting for History uses the accounting interpretation of Marx’s theories of history and value to explain and defend his prediction of the inevitability of socialism as the end of history. In addition to the technological and institutional development of advanced capitalism, Bryer argues that the key necessary conditions, are that workers see through capitalist ideology, understanding that Marx’s theory of value explains why the phenomenal forms appearing in capitalist accounts are distortions of the underlying social reality, and that demystified accounting is integral to his concept of socialism on Day One. To get to Day One, the book concludes, Marx left Marxists the tasks of critical accounting.
Author: Robert Bryer Publisher: Lexington Books ISBN: 1498536077 Category : Business & Economics Languages : en Pages : 333
Book Description
Many scholars discuss Marx’s Capital from many perspectives, but Accounting for Value uniquely advances and defends an ‘accounting interpretation’ of his theory of value, that he used it to explain capitalists’ accounts. It confirms and builds on the Temporal Single-System Interpretation’s refutation of the charge that Marx’s illustration of the ‘transformation from values to prices’ is inconsistent, and its defense of his ‘Law of the Tendential Fall in the Rate of Profit’. It rejects other interpretations by showing that only a ‘temporal’, ‘single-system’ interpretation is consistent with Marx’s accounting. The book shows that Marx became seriously interested in accounts from the late 1850s during an important period in the development of his critique of political economy, asking Engels for information and explanations. Examining their letters in the context of Marx’s evolving work, it argues, supports the hypothesis that discovering he could explain them with his theory of value gave him the breakthrough he needed to decide how to present his work and explains why, in 1862, he decided to change its title to Capital. Marx’s explanations of capitalist accounting, it concludes, amount to an ‘accounting theory’ that explains how individual capitalists and the capital market use what is, for many, the ‘invisible hand’ of accounting to control the production and distribution of surplus value. Marx claimed his theory of value was a work of ‘science’, a critique of political economy that would deliver a ‘theoretical blow’ from which the bourgeoisie would ‘never recover’. He failed, critics argue, because his critique depends on hypothetical entities, which we cannot directly observe, such as ‘value’ and ‘abstract labour’, ‘surplus value’, which means his theory is not open to empirical refutation. The book, however, argues that he used his theory of value to explain the ‘phenomenal forms’ of ‘profit’, ‘rate of profit’, etc., by explaining the observable accounting principles and practices capitalists use to calculate and control them, in which, as he said, we can ‘glimpse’ the determination of value by socially necessary labor time, which experience could have refuted.
Author: Robert Bryer Publisher: Frontiers of Accounting and Fi ISBN: 9789811240386 Category : Business & Economics Languages : en Pages : 470
Book Description
American accounting theory -- British accounting and Marx's theory of capitalism -- Irving Fisher's theory of accounting -- Accounting theory and the profession -- Charles Ezra Sprague -- Henry Rand Hatfield -- William Andrew Paton Jr. -- John Bennet Canning -- The "big mess."
Author: Raju J Das Publisher: Routledge ISBN: 1351167987 Category : Business & Economics Languages : en Pages : 348
Book Description
Marx’s Capital, Capitalism and Limits to the State examines the capitalist state in the abstract, and as it exists in advanced capitalism and peripheral capitalism, illustrating the ideas with evidence from the North and the South. The volume unpacks the capitalist state’s functions in relation to commodity relations, private property, and the crisis-ridden production of (surplus) value as a part of the capital circuit (M-C-M′). It also examines state’s political and geographical forms. It argues that no matter how autonomous it is, the state cannot meet the pressing needs of the masses significantly and sustainably. This is not because of so-called capitalist constraints, but because the state is inherently capitalist. Each chapter begins with Capital volume 1. And each chapter ends with theoretical/practical implications of the ideas which taken together counter existing state theory’s focus on state autonomy and reforms and point to the necessity for the masses to establish a new transitional democratic state. But the book goes ‘beyond’ Marx too, as it deploys the combined Marxism of 19th and 20th centuries. Marx’s Capital, Capitalism and Limits to the State will interest scholars researching state-society/economy relations. It is suitable for university students as well as established scholars in sociology, political science, heterodox economics, human geography, and international development.
Author: Matt Vidal Publisher: Oxford University Press ISBN: 0190695560 Category : Social Science Languages : en Pages : 865
Book Description
Karl Marx is one of the most influential writers in history. Despite repeated obituaries proclaiming the death of Marxism, in the 21st century Marx's ideas and theories continue to guide vibrant research traditions in sociology, economics, political science, philosophy, history, anthropology, management, economic geography, ecology, literary criticism, and media studies. Due to the exceptionally wide influence and reach of Marxist theory, including over 150 years of historical debates and traditions within Marxism, finding a point of entry can be daunting. The Oxford Handbook of Karl Marx provides an entry point for those new to Marxism. At the same time, its chapters, written by leading Marxist scholars, advance Marxist theory and research. Its coverage is more comprehensive than previous volumes on Marx in terms of both foundational concepts and state-of-the-art empirical research on contemporary social problems. It is also provides equal space to sociologists, economists, and political scientists, with substantial contributions from philosophers, historians, and geographers. The Oxford Handbook of Karl Marx consists of six sections. The first section, Foundations, includes chapters that cover the foundational concepts and theories that constitute the core of Marx's theories of history, society, and political economy. This section demonstrates that the core elements of Marx's political economy of capitalism continue to be defended, elaborated, and applied to empirical social science and covers historical materialism, class, capital, labor, value, crisis, ideology, and alienation. Additional sections include Labor, Class, and Social Divisions; Capitalist States and Spaces; Accumulation, Crisis, and Class Struggle in the Core Countries; Accumulation, Crisis, and Class Struggle in the Peripheral and Semi-Peripheral Countries; and Alternatives to Capitalism.
Author: Ludo Cuyvers Publisher: Taylor & Francis ISBN: 1317381831 Category : Business & Economics Languages : en Pages : 337
Book Description
Nearly two hundred years have passed since the birth of Karl Marx and continuing to this day the influence of his economic views, insights and theories can still be felt. However, since the publication of Das Kapital, the scientific community has not been sitting idle – it is time to evaluate Marx as an economist and explore what he can bring to modern economic thinking, particularly post-Keynesian economics. Starting with Marx’s schemes of reproduction, which, it is shown, are the basis of the linear model of production as used since the 1960s by Piero Sraffa, Michio Morishima and others, the book reviews and assesses Marx’s major economic theses. These include: the labour theory of value; accumulation and technical change and its impact on labour; the concept of unproductive labour; the tendential falling rate of profits; the evolution and determinants of the share of wages in national income; as well as short-run and long-run economic dynamics. The Economic Ideas of Marx's Capital updates the theses of the labour theory of value and the conditions for balanced growth using the recent scholarly literature, and also further develops issues related to Marx’s concept of productive labour. Moreover, the book analyses the intellectual relationship of Marx’s economic theory with post-Keynesian neo-Marxism, particularly in the writings of Michal Kalecki, Joan Robinson and others. By doing so, the book shows the need and possibilities of integrating major insights of Marxist and post-Keynesian theory. This volume will be of interest to those who wish to explore Marx’s economic theories through a non-ideological approach, as well as students of Marxist economics, post-Keynesian economics and the history of economic thought.
Author: Peter H. Jones Publisher: BRILL ISBN: 9004398325 Category : Political Science Languages : en Pages : 272
Book Description
In The Falling Rate of Profit and the Great Recession of 2007-2009, Peter H. Jones develops a new non-equilibrium interpretation of the labour theory of value Karl Marx builds in Capital. Applying this to US national accounting data, Jones shows that when measured correctly the profit rate falls in the lead up to the Great Recession, and for the main reason Marx identifies: the rising organic composition of capital. Jones also details a new theory of finance, which shows how cycles in the profit rate relate to stock market booms and slumps, and movements in the interest rate. He discusses the implications of the analysis and Marx and Engels’ work generally for a democratic socialist strategy.
Author: Jacques Richard Publisher: Routledge ISBN: 100048405X Category : Business & Economics Languages : en Pages : 182
Book Description
Almost all economists, whether classical, neoclassical or Marxist, have failed in their analyses of capitalism to consider the underpinning systems of accounting. This book draws attention to this lacuna, focusing specifically on the concept of capital: a major concept that dominates all teaching and practice in both economics and management. It is argued that while for the practitioners of capitalism – in accounting and business – the capital in their accounts is a debt to be repaid (or a thing to be kept), for economists, it has been considered a means (or even a resource or an asset) intended to be worn out. This category error has led to economists failing to comprehend the true nature of capitalism. On this basis, this book proposes a new definition of capitalism that brings about considerable changes in the attitude to be had towards this economic system, in particular, the means to bring about its replacement. This book will be of significant interest to readers of political economy, history of economic thought, critical accounting and heterodox economics.
Author: Christopher J. Arthur Publisher: Springer ISBN: 1349143197 Category : Business & Economics Languages : en Pages : 244
Book Description
The second volume of Marx's Capital is entitled The Circulation of Capital . Here a collection of original essays, by internationally known scholars, treat its themes, bringing to bear on all its parts the latest textual findings, methodological resources and accumulated knowledge of Marxian theory. The result repairs the unjustified neglect of this volume in the literature on Marx and will awaken new interest in it among economists, philosophers and social theorists.
Author: Paul Zarembka Publisher: BRILL ISBN: 9004432701 Category : Social Science Languages : en Pages : 287
Book Description
Marx's oeuvre is vast yet with key elements to an evolving social theory, even including state conspiracies. Deep confrontation with Ricardian economics is an expression, including with accumulation of capital. Luxemburg was the most significant contributor to Marxism, post-Marx.
Author: Robert Bryer
Author: Robert Bryer
Author: Robert Bryer
Author: Raju J Das
Author: Matt Vidal
Author: Ludo Cuyvers
Author: Peter H. Jones
Author: Jacques Richard
Author: Christopher J. Arthur
Author: Paul Zarembka