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Author: Erik Olin Wright
Publisher: Verso
ISBN: 9780860913429
Category : Political Science
Languages : en
Pages : 226
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Book Description
Reconstructing Marxism explores fundamental questions about the structure of Marxist theory and its prospects for the future. The authors maintain that the disintegration of the old theoretical unity of classical Marxism is in part responsible for what is commonly called the "crisis of Marxism." Only a reconstructed Marxism can come to terms with this disintegration. Addressing a range of problems in historical materialism and class analysis, the authors compare historical materialism with Darwinian evolutionary theory, and identify what is distinctively "historical" in Marx's theory of history. Through an evaluation of G.A. Cohen's defense and Anthony Giddens's critique of historical materialism they suggest what a plausible, yet still Marxist. theory of history might be. They analyze the relationship of microanalysis to macro theory and the assignment of causal primacy in explanations, and present a general assessment of the current state of Marxist theory and the prospects for its analytical reconstruction. Distinguished by the clarity of its presentation, the analytical rigour of its argument and its concern with fundamental philosophical and sociological issues, Reconstructing Marxism advances, at this critical juncture in the history of Marxism, a challenging new research programme.
Author: Erik Olin Wright
Publisher: Verso
ISBN: 9780860913429
Category : Political Science
Languages : en
Pages : 226
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Book Description
Reconstructing Marxism explores fundamental questions about the structure of Marxist theory and its prospects for the future. The authors maintain that the disintegration of the old theoretical unity of classical Marxism is in part responsible for what is commonly called the "crisis of Marxism." Only a reconstructed Marxism can come to terms with this disintegration. Addressing a range of problems in historical materialism and class analysis, the authors compare historical materialism with Darwinian evolutionary theory, and identify what is distinctively "historical" in Marx's theory of history. Through an evaluation of G.A. Cohen's defense and Anthony Giddens's critique of historical materialism they suggest what a plausible, yet still Marxist. theory of history might be. They analyze the relationship of microanalysis to macro theory and the assignment of causal primacy in explanations, and present a general assessment of the current state of Marxist theory and the prospects for its analytical reconstruction. Distinguished by the clarity of its presentation, the analytical rigour of its argument and its concern with fundamental philosophical and sociological issues, Reconstructing Marxism advances, at this critical juncture in the history of Marxism, a challenging new research programme.
Author: Robert Paul Wolff
Publisher:
ISBN: 9780691612027
Category :
Languages : en
Pages : 0
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Book Description
Robert Paul Wolff explains the development of the classical theory of value from Adam Smith to Karl Marx in a form readily accessible to readers unfamiliar with anything more than high school algebra, while at the same time offering to the specialist a fundamental criticism of Marxian political economy and an original and controversial interpretation of Capital. He clarifies recent mathematical reinterpretations of classical political economy, so that philosophers, political scientists, psychologists, and sociologists interested in Marx's theories can understand the modern rehabilitation of his political economy. Originally published in 1985.
Author: Alan Freeman
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 344
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Book Description
A equilibrium-free political economy based on the labour theory of value is developed in this volume which brings together authors who have worked in this framework for the last ten years.
Author: John E. ROEMER
Publisher: Harvard University Press
ISBN: 0674042867
Category : Business & Economics
Languages : en
Pages : 217
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Book Description
John Roemer challenges the morality of an economic system based on the private ownership of the means of production. Unless you start with a certain amount of wealth in such a society, you are only "free to lose." This book addresses crucial questions of political philosophy and normative economics in terms understandable by readers with a minimal knowledge of economics.
Author: Spencer J. Pack
Publisher: Greenwood
ISBN:
Category : Business & Economics
Languages : en
Pages : 192
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Book Description
Author: William K. Tabb
Publisher: Routledge
ISBN: 1134621639
Category : Business & Economics
Languages : en
Pages : 314
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Book Description
This volume offers an original perspective on the questions the great economists have asked and looks at their significance for todays world. Written in a provocative and accessible style, it examines how the diverse traditions of political economy have conceptualised economic issues, events and theory. Going beyond the orthodoxies of mainstream economics it shows the relevance of political economy to the debates on the economic meaning of our times. Reconstructing Political Economy is a timely and thought-provoking contribution to a political economy for our time. In this light it offers fresh insights into such issues as modern theories of growth, the historic relations between state and market and the significance of globalisation for modern societies.
Author: Simon Mouatt
Publisher: Lexington Books
ISBN: 0739190385
Category : Business & Economics
Languages : en
Pages : 277
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Book Description
This book argues that post-Keynesian theories of endogenous money can be combined with Marxian analysis in order to give insight into the changing power relations between the state, finance sector and real economy since WW2. A key theme is that financial power, derived from the control of money-issue and its purchasing power, is determined by the state and market in varying proportions (depending on context) but that state sovereignty has been lost in recent decades. In addition, the growth of financial markets in recent decades, so-called financialization, has led many to assume that private finance is an important proximate driver of economic affairs in general. In contrast, the book argues that this provides insufficient explanation of events. To discuss financial factors as causes of financial crisis risks describing the phenomena without illustrating the root causes. Instead, the book argues that systemic drivers of capitalism (rooted in production), probably best understood by Marx, actually do provide a more plausible explanation of the causes of the financialization and erosion of state sovereignty. In addition, the Post-Keynesian descriptions of monetary processes are considered to best reflect the actual reality of the monetary system. This represents an interesting synthesis of the classical Marx with modern money theory. The interpretation of Marx used to explain this financial transformation has been named the Temporal Single System Interpretation, which illustrates Marx’s value theory across periods and identifies a tendency towards falling profit rates. It is claimed that falling profits, in turn, are an underlying driver of the systemic propensity towards financialisation, crisis and stagnation. The empirical findings presented, taken from case studies of the UK and Germany, appear to support this view. The central argument is that the response of agents (including the state) to the profit tendency has been a significant driver of the observed financial transformation. The book then concludes that this synthesis provides a more appropriate explanation of the historical transformation of the financial system since the Great Depression, than much of the financialization literature, and illustrates the source (and operation) of financial power in the modern capitalist state and market.
Author: Richard Westra
Publisher:
ISBN: 9780367610432
Category : Capitalism
Languages : en
Pages :
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Book Description
"Various strains of heterodox economics have sought, and largely failed, to dismount orthodoxy from its dominant position. This book critiques the criticizers, explaining why heterodox economics challenges have faltered, and then presents a coherent alternative paradigm of its own. This simultaneously exposes the vacuousness of neoclassical economics, the limitations of heterodox critique and the subverting of Karl Marx's revolutionary economic thought by his own disciples. The book draws in particular on two key intellectual traditions in making its arguments: critical realism and Marxism. From the refounding of critical realist philosophy of science in the hands of Roy Bhaskar, emphasis is placed upon the position that the ontological nature of the object of study determines the form of its possible science. However, in their theoretical constructions, neither orthodox economics nor heterodox economics problematize the unique ontology of capitalism to the detriment of knowledge about the social world. The book maintains that a century of misthinking over Marx's corpus has resulted in a missed opportunity to construct a paradigmatic alternative to orthodox economics. Drawing upon the tradition of the Japanese Uno approach to Marxism, and supported by Bhaskar's development of critical realism as underlaborer for science, the book defends Marx's writing in his monumental Capital as founding an economic science adequate to its ontological object of study. It then elaborates upon how Marxian economic theory exposes the hidden scourges of capitalism and what is required to unleash the potential of this theory for comprehensive analysis of capitalist vicissitudes, the study of economic life in precapitalist societies, and the design of a desperately needed postcapitalist social order. Broadening its appeal as it sets out to reclaim Marx's revolutionary legacy, this original volume critically traverses writings in mainstream and heterodox economics, cutting edge philosophy of science, Marxian political economy and introduces readers to a reconstruction of Marx's Capital engineered in Japan. This provocative book is essential reading for everyone interested in heterodox economics, critical realism, Marxian economics and critiques of capitalism. Richard Westra is University Professor at the Institute of Political Science, University of Opole and Research Coordinator at the Science and Technology Park, Opole, Poland. He has previously taught at universities in Japan, South Korea, Thailand, Canada, The Bahamas and is international Adjunct Professor of the Center for Macau Studies, University of Macau"--
Author: Terrell Carver
Publisher: Palgrave MacMillan
ISBN: 9780333617663
Category : Rational choice theory
Languages : en
Pages : 338
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Book Description
To begin with, rational choice Marxism, promised to construct historical explanations and social theories with clarity and rigour. Subsequently, it took a political turn' in addressing issues of class and production, and the prospects for electoral socialism. This anthology commences with the founding classics - Erik Olin Wright's What is Analytical Marxism?' and Alan Carling's spirited challenge to the Marxist establishment - which are answered with critical responses detailed by Ellen Meiksins Wood and Michael Burawoy in previously uncollected debates. Also included are further debates charting the historical progression of rational choice Marxism. The editors demonstrate that the clarity and rigour originally promised by the rational choice Marxists was never in fact achieved, but that rational choice Marxism has considerably enhanced the theoretical treatment of class and production in a world of commodification and difference.
Author: Gareth Dale
Publisher: Polity
ISBN: 0745640710
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
Karl Polanyi’s The Great Transformation is generally acclaimed as being among the most influential works of economic history in the twentieth century, and remains as vital in the current historical conjuncture as it was in his own. In its critique of nineteenth-century ‘market fundamentalism’ it reads as a warning to our own neoliberal age, and is widely touted as a prophetic guidebook for those who aspire to understand the causes and dynamics of global economic turbulence at the end of the 2000s. Karl Polanyi: The Limits of the Market is the first comprehensive introduction to Polanyi’s ideas and legacy. It assesses not only the texts for which he is famous – prepared during his spells in American academia – but also his journalistic articles written in his first exile in Vienna, and lectures and pamphlets from his second exile, in Britain. It provides a detailed critical analysis of The Great Transformation, but also surveys Polanyi’s seminal writings in economic anthropology, the economic history of ancient and archaic societies, and political and economic theory. Its primary source base includes interviews with Polanyi’s daughter, Kari Polanyi-Levitt, as well as the entire compass of his own published and unpublished writings in English and German. This engaging and accessible introduction to Polanyi’s thinking will appeal to students and scholars across the social sciences, providing a refreshing perspective on the roots of our current economic crisis.
