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

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

Penned By David Laibman
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50,623 Global Ratings
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Value, Technical Change and Crisis: Explorations in Marxist Economic Theory

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

Penned By David Laibman
4.85 50,623 Ratings
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Editor's Note:
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.

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Length N/A Pages
Released January 1, 1992
Identifier (ISBN) 2342715
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David Laibman
The Mind Behind the Work
David Laibman

David Laibman is the author of several novels. Originally from the East Coast, they now live in the Midwest with family. In addition to writing, David Laibman enjoys gardening, cooking, and reading way past bedtime. Their work often explores the complexities of everyday life and human relationships.

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