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Reclaiming Marx's Capital

Reclaiming Marx's Capital

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  • ISBN:9780739118511
  • Editorial: Lexington
  • Fecha de la edición:
  • Encuadernación:
  • Nº Pág.:250
  • Idiomas:Ingles

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This book seeks to reclaim Capital from the myth of internal inconsistency, a myth that serves to justify the censorship of Marx's critique of political economy and present-day research based upon it. Andrew Kliman shows that the alleged inconsistencies are actually caused by misinterpretation. By modifying the standard interpretation of Marx's value theory in two simple ways, the recent 'temporal single-system interpretation' eliminates all of the alleged inconsistencies. Written especially for the non-specialist reader, in a clear, accessible style and with the bare minimum of mathematics, Reclaiming Marx's 'Capital' introduces readers to Marx's value theory and contrasting interpretations of it, the history of the internal inconsistency controversy, and interpretive standards and methods. Kliman then surveys Marx's falling-rate-of-profit theory, the relationship of prices to values (the 'transformation problem'), Marx's exploitation theory of profit, and other topics. The book ends with a discussion of why the myth of inconsistency persists, and a call to set the record straight

1 Introduction : the question of internal inconsistency 1
2 Marx's value theory and contending interpretations 19
3 A brief history of the controversy 41
4 Making Marx make sense : on interpretive method 55
5 Simultaneism, physicalism, and the law of value 75
6 Was Marx a simultaneist? 89
7 The falling rate of profit controversy 113
8 The "transformation problem" (1) : Marx's solution and its critics 139
9 The "transformation problem" (2) : if it ain't broke, don't correct it 157
10 The "fundamental Marxian theorem" 175
11 An empirical defense of the law of value? 193
12 Summary and conclusions 205

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