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The Logical Foundations of the Marxian Theory of Value (Hardcover, 1992 ed.)
Loot Price: R2,925
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The Logical Foundations of the Marxian Theory of Value (Hardcover, 1992 ed.)
Series: Synthese Library, 223
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Written before the impressive collapse of the socialist system in
Eastern Europe, this book offers a quite objective and serious
systematic analysis of the Marxian labor theory of value, Marx's
main scientific legacy. After reconstructing the prototype' of this
theory -- which is the theory as it was left by Marx himself in
Capital -- the author proceeds to a careful and detailed analysis
of its foundational problems, taking into account BAhm-Bawerk's
important criticisms. After introducing advanced contemporary
formal tools, the author proceeds to a thorough discussion of the
dialectical method, just in order to tackle the foundational
problems of the theory. He provides a formally precise and well
motivated definition of abstract labor, and then proceeds to prove
the existence of a measurement of abstract labor -- i.e. the
existence of numerical labor-values. Using this result, the author
provides rigorous axiomatic foundations for the theory of value and
then proves the existence of a Marxian competitive equilibrium,
which is tantamount to the proof of the possibility of reproduction
for a capitalist economy. The author finishes the book by showing
in detail how the problems of the prototype are solved, by
reconstructing the Leontief model of the labor theory of value on
the new logical bases. Written in a very clear style, in the
language of contemporary philosophy of science, the book is of
interest to philosophers of science and economists, applied
logicians and all those interested in the scientific legacy of Karl
Marx.
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