Marx’s Theory of Value in Chapter 1 of Capital PDF Download

Author: Fred Moseley
Publisher: Springer Nature
ISBN: 3031132106
Category : Political Science
Languages : en
Pages : 187

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Book Description
Chapter 1 is the most important chapter in Capital, as well as the most difficult and the most controversial. An influential interpretation of Chapter 1 in recent decades has been the so-called “value-form interpretation” of Marx’s theory in general and Chapter 1 in particular. The most important proponent of the value-form interpretation today, both in Germany and in the English-speaking world, is Michael Heinrich, and Heinrich’s work has emphasized the first chapter. Heinrich’s latest book in English is a detailed commentary of the first seven chapters of Volume 1 of Capital. The publication of an English translation of Heinrich’s book is an important event in Marxian scholarship and it is important to critically engage with this important book in order to advance our understanding of this critical foundational chapter. This book emphasizes the quantitative issue of whether the magnitude of value and socially necessary labour-time are determined in production or also depend on exchange and demand, which has been the main issue in the controversy over the value-form interpretation.

Author: Fred Moseley
Publisher: BRILL
ISBN: 9004301933
Category : Political Science
Languages : en
Pages : 433

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Book Description
This ambitious book presents a comprehensive new 'macro-monetary' interpretation of Marx’s logical method in Capital, based on substantial textual evidence, and concludes that, contrary to the prevailing view, there is no 'transformation problem' in Marx’s theory of prices of production in Volume III.

Author: Carl Marx
Publisher: Createspace Independent Publishing Platform
ISBN: 9781987436518
Category :
Languages : en
Pages : 320

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Book Description
Written: in draft by Marx 1863-1878, edited for publication by Engels; First published: in German in 1885, authoritative revised edition in 1893; Source: First English edition of 1907; Published: Progress Publishers, Moscow, 1956, USSR.

Author: Adam Booth
Publisher: Wellred Books
ISBN: 1913026116
Category : Political Science
Languages : en
Pages : 353

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Book Description
Marx's Capital was a book that revolutionised political economy and for the first time opened our eyes to the real workings of capitalism. It was, however, met with a wall of silence from the mainstream economists and the establishment. Despite this, Capital became regarded in the workers' movement as the Bible of the working class... The aim of this book, written by authors from the International Marxist Tendency, is to help guide readers through the pages of volume one of Capital; to bring out the main themes and ideas contained within it; and to discuss the relevance of this great Marxist classic in terms of understanding the crisis-ridden world around us today - and, most importantly, how we can radically transform it.

Author: Michael Heinrich
Publisher: NYU Press
ISBN: 1583672915
Category : Political Science
Languages : en
Pages : 240

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Book Description
The global economic crisis and recession that began in 2008 had at least one unexpected outcome: a surge in sales of Karl Marx's Capital. Although mainstream economists and commentators once dismissed Marx's work as outmoded and flawed, some are begrudgingly acknowledging an analysis that sees capitalism as inherently unstable. And of course, there are those, like Michael Heinrich, who have seen the value of Marx all along, and are in a unique position to explain the intricacies of Marx's thought. Heinrich's modern interpretation of Capital is now available to English-speaking readers for the first time. It has gone through nine editions in Germany, is the standard work for Marxist study groups, and is used widely in German universities. The author systematically covers all three volumes of Capital and explains all the basic aspects of Marx's critique of capitalism in a way that is clear and concise. He provides background information on the intellectual and political milieu in which Marx worked, and looks at crucial issues beyond the scope of Capital, such as class struggle, the relationship between capital and the state, accusations of historical determinism, and Marx's understanding of communism. Uniquely, Heinrich emphasizes the monetary character of Marx's work, in addition to the traditional emphasis on the labor theory of value, this highlighting the relevance of Capital to the age of financial explosions and implosions.

Author: Isaak Ilʹich Rubin
Publisher:
ISBN: 9780919618114
Category : Political Science
Languages : en
Pages : 324

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Book Description
Political economy, defined in the study of social relations and culture. Originally published in the former Soviet Union, was suppressed and after 1928 it was never re-issued. This is the first English-language edition. Includes an outstanding introductory essay on "Commodity Fetishism" by Freddy Perlman.

Author: Michael Heinrich
Publisher: NYU Press
ISBN: 1583678964
Category : Political Science
Languages : en
Pages : 409

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Book Description
An accessible companion to Karl Marx's essential Capital With the recent revival of Karl Marx's theory, a general interest in reading Capital has also increased. But Capital—Marx’s foundational nineteenth-century work on political economy—is by no means considered an easily understood text. Central concepts, such as abstract labor, the value-form, or the fetishism of commodities, can seem opaque to us as first-time readers, and the prospect of comprehending Marx’s thought can be truly daunting. Until, that is, we pick up Michael Heinrich’s How to Read Marx's Capital. Paragraph by paragraph, Heinrich provides extensive commentary and lucid explanations of questions and quandaries that arise when encountering Marx’s original text. Suddenly, such seemingly gnarly chapters as “The Labor Process and the Valorization Process” and “Money or the Circulation of Capital” become refreshingly clear, as Heinrich explains just what we need to keep in mind when reading such a complex text. Deploying multiple appendices referring to other pertinent writings by Marx, Heinrich reveals what is relevant about Capital, and why we need to engage with it today. How to Read Marx's Capital provides an illuminating and indispensable guide to sorting through cultural detritus of a world whose political and economic systems are simultaneously imploding and exploding.

Author: Fouad Sabry
Publisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : en
Pages : 415

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Book Description
What is Labor Theory of Value The labor theory of value (LTV) is a theory of value that argues that the economic value of a good or service is determined by the total amount of "socially necessary labor" required to produce it. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Labor theory of value Chapter 2: Capital (economics) Chapter 3: Transformation problem Chapter 4: Classical economics Chapter 5: Organic composition of capital Chapter 6: Use value Chapter 7: Theory of value (economics) Chapter 8: Law of value Chapter 9: Prices of production Chapter 10: Productive and unproductive labour Chapter 11: Unequal exchange Chapter 12: Tendency of the rate of profit to fall Chapter 13: Criticism of Marxism Chapter 14: Temporal single-system interpretation Chapter 15: Commodity (Marxism) Chapter 16: Criticisms of the labour theory of value Chapter 17: Constant capital Chapter 18: Capitalist mode of production (Marxist theory) Chapter 19: Surplus value Chapter 20: Marxian economics Chapter 21: Capital accumulation (II) Answering the public top questions about labor theory of value. (III) Real world examples for the usage of labor theory of value in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of labor theory of value.

Author: Duncan K. Foley
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 1302

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Book Description
Understanding Capital is a brilliantly lucid introduction to Marxist economic theory. Duncan Foley builds an understanding of the theory systematically, from first principles through the definition of central concepts to the development of important applications. All of the topics in the three volumes of Capital are included, providing the reader with a complete view of Marxist economics. Foley begins with a helpful discussion of philosophical problems readers often encounter in tackling Marx, including questions of epistemology, explanation, prediction, determinism, and dialectics. In an original extension of theory, he develops the often neglected concept of the circuit of capital to analyze Marx’s theory of the reproduction of capital. He also takes up central problems in the capitalist economy: equalization of the rates of profit (the “transformation problem”); productive and unproductive labor and the division of surplus value; and the falling rate of profit. He concludes with a discussion of the theory of capitalist crisis and of the relation of Marx’s critique of capitalism to his conception of socialism. Through a careful treatment of the theory of money in relation to the labor theory of value, Foley clarifies the relation of prices to value and of Marx’s categories of analysis to conventional business and national income accounts, enabling readers to use Marx’s theory as a tool for the analysis of practical problems. The text is closely keyed throughout to the relevant chapters in Capital and includes suggestions for further reading on the topics discussed.

Author: R. Bellofiore
Publisher: Springer
ISBN: 1403938644
Category : Political Science
Languages : en
Pages : 315

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Book Description
The essays in this collection address specific themes in Volume I of Marx's Capital . Although the essays can be read independently, they present complementary perspectives on issues at the cutting edge of recent scholarship on Marx's work. Although all Parts of Capital I are discussed, the book is not intended to be a textbook. It will be read by specialists in the field as well as graduate students in the history of economic thought, political economy and philosophy.