First published in 1977, David Levine's Econom ic Studies offers a
critique and reconstruction of the theoretical conception of
economic life. The premise of the study is that only an
investigation of the system of elementary economic relations -
value, capital, production - can overcome the confusion and
misdirection which baffles progress in all areas of economic
theory, and lay the foundation for further development of economic
science. Levine discusses both the origins of economic science and
the character of contemporary economic thought. He presents a
critique of the ideas of classical political economy and of the
notion of a 'labor theory of value' which excludes the possibility
of a science of economic relations.
General
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