Radical Political Economy Sraffa Versus Marx
Auteur : Hahnel Robin
For too long radical political economy has suffered for lack of a coherent alternative to formal Marxian economic theory. People have had to choose between (1) continuing to use a formal model based on the labor theory of value as Marx developed in Capital to justify and retain one?s opposition to capitalism, or (2) abandoning the formal Marxian framework as outdated, and risk losing a critical evaluation of capitalism. Radical Political Economy: Sraffa Versus Marx provides readers with a third choice.
A point-by-point comparison of Sraffian and Marxian treatments of prices, profits, technological change, economic crises, environmental sustainability, and the moral case against capitalism, are presented in six core chapters. They explain how the Sraffian treatment surpasses the formal Marxian treatment in every case. Both Marxian and Sraffian theories are presented in a highly accessible way, while large professional literatures are thoroughly referenced throughout.
Marx was not the first, but remains the greatest, critic of capitalism, and richly deserves his place in history. However it is time to use intellectual tools unavailable to Marx in the nineteenth century to improve upon his formal analysis. This book is of great importance to those who study Sraffa and Marx, as well as academics and students who are interested in political economy, the history of economic thought, and economic and philosophical theory.
Preface
Introduction
1 Prices
2 Profits
3 Technological Change
4 Theories of Capitalist Crises
5 Economy and Environment
6 Moral Critique of Capitalism
Conclusion
References
Index
Robin Hahnel is Professor Emeritus at the Department of Economics, American University Washington DC, USA. He is also the Co-Director of Economics for Equity and the Environment and has published widely in the fields of radical political economy and environmental economics.
Date de parution : 06-2017
13.8x21.6 cm
Disponible chez l'éditeur (délai d'approvisionnement : 14 jours).
Prix indicatif 172,36 €
Ajouter au panierDate de parution : 06-2017
13.8x21.6 cm
Thème de Radical Political Economy :
Mots-clés :
Sraffian Theory; FMT; neoliberalism; Wage Profit Frontier; sustainable economics; Okishio Theorem; financialization; Financial Instability Hypothesis; inequality; Sraffian Framework; Sraffian; Marginal Revenue Product; Marxian; Frobenius Perron Theorem; Decrease Labor Productivity; Wage Bundle; Marginal Social Product; FMT; Marxian Crisis Theory; Throughput Efficiency; Environmental Throughput; Non-labor Costs; Negative Relationship; Radical Political Economy; Capital Deepening; Labor Values; Labor Power; Increases Labor Productivity; SSA Theory; TSSI; Short Run Business Cycle