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Marx's Economics: A Dual Theory of Value and Growth
Paperback
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ISBN10: 0521293030
ISBN13: 9780521293037
Publisher: Cambridge University Press
Published: Mar 30 1978
Pages: 208
Weight: 0.59
Height: 0.48 Width: 5.50 Depth: 8.50
Language: English
ISBN13: 9780521293037
Publisher: Cambridge University Press
Published: Mar 30 1978
Pages: 208
Weight: 0.59
Height: 0.48 Width: 5.50 Depth: 8.50
Language: English
Professor Morishima concentrates on the three volumes of Das Kapital and their contributions to the major topics of traditional Marxian economics. He provides a rigorous mathematisation of the labour theory of value, the theory of exploitation, the transformation problem, the reproduction scheme, the law of relative surplus population, the falling rate of capital and the turnover of capital. After proving Marxian propositions in a rigorous way, he argues that in order to combine Marx's model with von Neumann's in a new growth theory it is necessary to abandon the labour theory of value. Professor Morishima feels that this sacrifice is well worth making, because it enables Marxian economics to be integrated with orthodox theory into a new Marx-von Neumann theory of growth, and this to make an important contribution to the development of the subject.
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