Marxian Economics: A Reappraisal : Volume 1: Essays on Volume III of Capital - Method, Value and Money

Springing from a conference held in Bergamo University on the occasion of the centenary of the publication by Engels of the third book of Capital, the papers collected in these two volumes reinstate Marx's as the first genuinely evolutionary economic theory. In this, the capitalist process incessantly brings about states which will by themselves generate the next ones. Thus as Schumpeter remarked, Marx was the first to 'visualise what even at the present time is still the economic theory of the future for which we are slowly and laboriously accumulating stone and mortar, statistical facts and functional equations'. Front Matter....Pages i-xxvi Front Matter....Pages 1-1 Engels, Logic and History....Pages 3-15 The Structure of Marx’s Argument in Capital....Pages 16-28 Some Reflections on Marx’s Theory of Value....Pages 29-47 Capital, Labour and Time: The Marxian Monetary Labour Theory of Value as a Theory of Exploitation....Pages 48-74 Land Rent and the Logic of Capital....Pages 75-93 The (Dis)Orderly Process of Capitalist Competition....Pages 94-108 Towards a General Theory of Capitalism: Suggestions from Chapters 23 and 27....Pages 109-123 Front Matter....Pages 125-125 The Relation between the Rate of Profit and the Rate of Interest: A Reassessment after the Publication of Marx’s Manuscript of the Third Volume of Das Kapital....Pages 127-144 The Emergence of Credit Money....Pages 145-156 Money, Form and Determination of Value....Pages 157-171 Money, Interest and Finance in Marx’s Capital....Pages 176-188 Fictitious Capital and Crises....Pages 189-204 Finance Capital Revisited....Pages 216-232 Marx on the Natural Rate of Interest: Did Marx Hold a Monetary Theory of Income Distribution?....Pages 233-252 Asset Speculation in Marx’s Theory of Money....Pages 254-270 Marx’s Theory of Money and Interest: A Reconsideration in the Light of Robertson and Keynes....Pages 271-285 Preliminaries to a Monetary Theory of Production: The Labour Theory of Value, Liquidity Preference and the Two Price Systems....Pages 286-300 Back Matter....Pages 301-313 V. 1. Essays On Volume Iii Of Capital : Method, Value, And Money -- V. 2. Essays On Volume Iii Of Capital : Profits, Prices, And Dynamics. Edited By Riccardo Bellofiore. Includes Bibliographical References And Indexes.