The leading part of this volume focuses on the role of the state in
capitalist society, beginning by showing the welfare state as an
historical product of the class structure of English agrarian
capitalism. The second chapter indicates how, in European colonies
such as in Africa, taxation was an important means of forcing
indigenous populations to work as wage-laborers or produce cash
crops, and relating the process to Marx's 'primitive accumulation
of capital'. The following two chapters move to the contemporary
period, the first suggesting that change in the relationship
between the nation-state and capital is rooted in the contradictory
needs of labor versus capital, while the next chapter proposes
analyzing capitalist institutions by relying, more than hitherto,
on an hermeneutic understanding of institutions.
The following part addresses price and technical choice in
capitalism. The first two chapters address price, the initial one
suggesting its formation to be the same as the formation of
abstract labor, while the second identifying a new category of
exchange value and using it to explain how changes in demand act to
redistribute value across industries. The following two chapters
consider, empirically, the relation between technical choice and
profit rates.
The third part addresses economic democracy within socialism,
defending both direct democracy and economic calculation in terms
of labor time. The concluding part develops an understanding of the
class determination of knowledge, including explaining why the
science and techniques developed in one class society can be used
in others.
General
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