Download e-book for iPad: A History of Marxian Economics, Volume I: 1883-1929 by Michael Charles Howard, John Edward King

By Michael Charles Howard, John Edward King

ISBN-10: 0691003777

ISBN-13: 9780691003771

The first quantity of this serious background covers the social, political, and theoretical forces in the back of the advance of Marxian economics from Marx's dying in 1883 until eventually 1929, the 12 months marking the onset of Stalin's "revolution from above," which for this reason remodeled the Soviet Union right into a smooth superpower. in the course of those years, Marxists in either Russia and Germany came upon their fiscal principles inextricably associated with sensible political difficulties, and taken care of conception as a advisor to motion. This booklet systematically examines the $64000 theoretical literature of the interval, together with insightful works via political functionaries outdoors academia--journalists, social gathering organizers, underground activists, and lecturers within the exertions movement--presented the following because the fundamental forgers of Marxian fiscal thought.

Beginning with Engels's writings, this e-book analyzes the paintings of top Marxist economists within the moment overseas, then concludes with a overview of the highbrow hobbies in the Marxian political economic system through the Twenties. A moment quantity treating the interval from 1929 to the current will follow.

Originally released in 1989.

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Additional info for A History of Marxian Economics, Volume I: 1883-1929

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Finally, he a p p e a r s to assert (albeit unclearly) the logical priority of value magnitudes in calculating the general rate of profit. His chief failing is his inability to transform input as well as o u t p u t values into prices, a n d this he shares with M a r x himself. 31 32 33 T h e most prolific of Schmidt's critics was George C. Stiebeling, a New York physician, w h o , between 1890 and 1894, published three p a m p h l e t s on the transformation p r o b l e m . Stiebeling was a regular c o n t r i b u t o r to the socialist press in his native G e r m a n y , and his writings display a genuine if somewhat quirky originality.

38. J. Wolf, 'Das Ratsel der Durchschnittsprofitrate bei Marx*, Jahrbiicher fur Nationalokonomie unci Statistik, 57, 1891, pp. 352-67. 39. 40. 41. 42. 43. Schmidt to Engels, 18 June 1891. Wolf, 'Das Ratsel', p. 358. Ibid, pp. 360-1. Ibid, pp. 365-7. On Loria see Blaug, Who's Who in Economics, p. 241, and S. B. Clough, 'Loria Achille', in D. L. ) International Encyclopedia of the Social Sciences (London: Macmillau and New York: Free Press, 1968) pp. 474-5. 44. Engels, Preface to Capital, volume III, pp.

He offered little more guidance in the first volume of Capital. e. ultimately by the value of the commodities. ' In chapter 11, where under the title ' R a t e and M a s s of Surplus Value' M a r x tidies up a n u m b e r of loose ends, he shows how the mass of surplus value is given by the product of the rate of exploitation and the quantity of variable capital employed: 13 This law clearly contradicts all experience based on a p p e a r a n c e . Everyone knows that a cotton spinner, w h o , reckoning the percentage on the whole of his applied capital, employs much constant and little variable capital, does not, on account of this, pocket less profit or surplus value than a baker, w h o relatively sets in motion much variable and little constant capital.

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A History of Marxian Economics, Volume I: 1883-1929 by Michael Charles Howard, John Edward King


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