By Michael Charles Howard, John Edward King
The first quantity of this severe background covers the social, political, and theoretical forces at the back of the advance of Marxian economics from Marx's dying in 1883 until eventually 1929, the yr marking the onset of Stalin's "revolution from above," which accordingly remodeled the Soviet Union right into a glossy superpower. in the course of those years, Marxists in either Russia and Germany came across their fiscal principles inextricably associated with sensible political difficulties, and handled idea as a consultant to motion. This ebook systematically examines the $64000 theoretical literature of the interval, together with insightful works by means of political functionaries outdoor academia--journalists, celebration organizers, underground activists, and lecturers within the hard work movement--presented right here because the basic forgers of Marxian monetary thought.
Beginning with Engels's writings, this ebook analyzes the paintings of prime Marxist economists within the moment foreign, then concludes with a evaluate of the highbrow routine in the Marxian political economic climate throughout the Nineteen Twenties. A moment quantity treating the interval from 1929 to the current will follow.
Originally released in 1989.
The Princeton Legacy Library makes use of the most recent print-on-demand know-how to back make to be had formerly out-of-print books from the celebrated backlist of Princeton college Press. those paperback versions look after the unique texts of those very important books whereas featuring them in sturdy paperback variants. The aim of the Princeton Legacy Library is to significantly bring up entry to the wealthy scholarly historical past present in the millions of books released by means of Princeton college Press on account that its founding in 1905.
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Extra info for A History of Marxian Economics, Volume I: 1883-1929
Von Bortkiewicz, 'On the Correction of Marx's Fundamental Theoretical Construction in the Third Volume of CupitaT in P. M. ) Karl Marx and the Close of His System (New York: Kelley, 1966) pp. 197-221 (first published 1907). G. C. Stiebeling, Das Werthgexet- und die Profitrate (New York: Heinrichs. , 1894). 35. He had exchanged views with German socialists in the columns of the Berlin 40 The German Contribution, 1883-1914 Vorwdrts as early as 1878 (J. Lehr, 'K. Marx, Das Kapital, Kritik der Politischen Oekonomie', Vierteljahrschrift fur Votkswirthschaft und Kulturges- chichte, 23, 1886, pp.
Engels, Letters on •Capital' (London: New Park Publications, 1983) p. 271. 17. Ibid, Engels to Danielson, 15 October 1888, pp. 241-2. 18. On Lexis see M. ) Who's Who in Economics (Brighton: Wheatsheaf. 1983) p. 233. 19. W. Lexis, 'Die Marx'sche Kapilaltheorie", Conrads Jahrbiicher 11, 1885, pp. 452-65. 20. Ibid, p. 464. 21. Nevertheless, there does appear to be an error implicit in Lexis that is not found in Marx, namely, that in any exchange the redistributed surplus value arises solely from the conditions of production of those parly to the transaction.
Morishima, Marx's Economics: a Dual Theory of Value and Growth (Cam- bridge: Cambridge University Press, 1973) chs 7-8; and J. E. Roemer, Analytical Foundations of Marxian Economic Theory (Cambridge: Cambridge Univer- sity Press, 1981) ch. 7. A more simple discussion is given by M. C. Howard and J. E. King, The Political Economy of Marx (Harlow: Longman, 1985) 2nd edn, pp. 134-78. 3 First Debates in Value Theory, I Volume Ml of'Capital' As we saw in the previous chapter, M a r x had alluded briefly in volume I of Capital to the complications posed for his theory of value by the existence of free competition.