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The Logical Foundations of the Marxian Theory of Value (Paperback, Softcover reprint of the original 1st ed. 1992)
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The Logical Foundations of the Marxian Theory of Value (Paperback, Softcover reprint of the original 1st ed. 1992)
Series: Synthese Library, 223
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Mter the impressive collapseoftheSovietUnionand the Eastern
European socialist countries, it is more pertinent than ever to
recover the scientific legacy ofKarl Marx. This legacy is mainly
(if not exclusively) constituted by his work in the field of eco-
nomic theory. Marx's economic theory was intended by his au- thor
as a scientific objective theory about the nature ofcapitalist
economies, a theory that was going to serve as the foundation ofthe
critique ofbourgeois political economy. His "laws" about the demise
ofcapitalism, like the tendency ofthe profit rate to fall or the
lawofthe cyclical crises, have been shown to hold un- der certain
conditions but not in general. At any rate, it is likely that had
not the industrialized countries changed the situation ofthe
working class, and allowed some intervention ofthe State in the
economy (especially after the Great Depression), capital- ism would
have hardly survived, even though it is impossible to guess what
kind of regime would have been instaurated in its place. The
present book is concerned with the very foundations of Marx's
economics, hence with the very foundations ofhis scien- tific
legacy. I hope that after reading the book the reader will be
convinced that Marx's scientific work was indeed serious and that
this is the time to recover it as an important paradigm in
INTRODUCTION 2 scientific research. I think that the reader will be
convinced that Marx's economic theory is no less serious and
mathematically tractable than, say, general equilibrium theory.
General
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