| Money and Totality: A Macro-Monetary Interpretation of Marx's Logic in Capital and the End of the 'Transformation Problem' Contributor(s): Moseley (Author) |
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ISBN: 9004216553 ISBN-13: 9789004216556 Publisher: Brill OUR PRICE: $196.65 Product Type: Hardcover - Other Formats Published: October 2015 |
| Additional Information |
| BISAC Categories: - Political Science | Political Economy - Political Science | Political Ideologies - Communism, Post-communism & Socialism - Business & Economics | Economics - Theory |
| Series: Historical Materialism Book |
| Physical Information: 1.2" H x 6.3" W x 9.3" (1.70 lbs) 436 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: This ambitious book presents a comprehensive new 'macro-monetary' interpretation of Marx's logical method in Capital, based on substantial textual evidence, which emphasises two main points: (1) Marx's theory is primarily a macroeconomic theory of the total surplus-value produced in the economy as a whole; and (2) Marx's theory is a monetary theory from beginning to end and the circuit of money capital - M - C - M' - is the logical framework of Marx's theory. It follows from this 'macro-monetary' interpretation that, contrary to the prevailing view, there is no 'transformation problem' in Marx's theory; i.e., Marx did not 'fail to transform the inputs of constant capital and variable capital' in his theory of prices of production in Part 2 of Volume III. |