Professor Roemer's goal in this book is to give a rigorous view of
classical Marxian economic theory by presenting specific analytic
models. The theory is not extended to deal with new problems, but
it is deepened: Marxian theory is given micro-foundations and upon
those foundations the author begins to rebuild a tightly
constructed Marxian economics. The book begins, after a
methodological introduction, with an examination of the Marxian
notion of equilibrium and the theory of exploitation, and goes on
to deal with the theory of the falling rate of profit. The next
section explores one of the points made in the first section of the
book, that the Marxian theory of exploitation can be constructed
completely independently of the labor theory of value as a theory
of exchange. Technical study of this problem allows comment on
various issues, such as the relative importance of "marginal
utilities" and "class struggle" in determining relative prices. The
final part examines models of various Marxian concepts.
General
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