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Value, Technical Change and Crisis: Explorations in Marxist Economic Theory - Explorations in Marxist Economic Theory (Paperback, illustrated edition)
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Value, Technical Change and Crisis: Explorations in Marxist Economic Theory - Explorations in Marxist Economic Theory (Paperback, illustrated edition)
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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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