Peter M. Lichtenstein believes that any social-economic theory of
capitalism must begin with a theory of value and price. Dismissing
the neoclassical school, he turns to post-Keynesian and Marxian
economics with their coherent and consistent theories of value and
price based on concrete objective circumstances. The development of
these theories in the author's aim because he believes that this
approach comes much closer than neoclassical theory to capturing
the essence of a capitalism economy. This book, first published in
1983, is addressed to economics students, especially to those
studying microeconomics or the history of economic thought, and to
economists seeking an overview of these issues.
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