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The Marxist theory of capitalist growth and transformation has often been shrouded in obscurity, either by endless recapitulation of Marx's texts or by excessive.
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- Capitalist Macrodynamics - A Systematic Introduction | D. Laibman | Palgrave Macmillan
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Part 1 explores the essential nature of capitalism, re-examining problems in the theory of value and exploitation. Part 2 tackles the issue of capitalism-specific paths of growth and technical change, putting forward a rigorous theory of biased technical change and non-steady-state growth. Part 3 examines the cyclical character of capitalist growth and the theory of crises.
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Finally, Part 4 places capitalism in the wider framework of modes of production, considering the theory of precapitalist formations and aspects of the theory and practical experience of socialism. The guiding theme is the combination, or confrontation, of rigorous, quantitative analytical techniques with equally demanding qualitative and political-economic conceptualization. The book's premise is that this interface is essential to a progressive yet distinctively Marxist social theory. Blends insights from several disciplines to offer a general theory of social evolution. Does history have a direction?
Are there principles that unify our experience and show connections among diverse places, times, and cultures? Seeking to answer these questions, Deep History offers a fresh theory of social evolution while thinking grandly about the human condition. With his theory based in the Marxian and historical materialist tradition, David Laibman starts from scratch and utilizes some of the best insights in economics and economic history, sociology, political science, anthropology, history, and philosophy to construct a new framework for understanding the most general aspects of social evolution.
He then applies this framework to modern era capitalist societies and, projecting it on a postcapitalist or socialist future, captures an understanding of the core momentum that has characterized our lived experience, a momentum considerate of diversity, contingency, and the role of human consciousness over time. It makes just about all earlier work in crisis theory look one-sided and inadequate. But Laibman advances ideas that reflect years of thinking, that are clearly and systematically developed, and that are presented in an intelligent and well-argued way.
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Capitalist Macrodynamics - A Systematic Introduction | D. Laibman | Palgrave Macmillan
Imperialism : the highest stage of capitalism : a popular outline. Responsibility V. Lenin ; introduction by Norman Lewis and James Malone. Physical description lviii, p. Series Living Marxism originals. It covers economics, philosophy of science, historiography, women's studies, literature, the arts, and other social science disciplines from a Marxist point of view. As well as covering social and political theory, it includes first-order historical research. History The journal was established in It is published by Guilford Publications.
The editor-in-chief is David Laibman Brooklyn College. The temporal single-system interpretation TSSI of Karl Marx's value theory emerged in the early s in response to renewed allegations that his theory was "riven with internal inconsistencies" and that it must therefore be rejected or corrected.
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The inconsistency allegations had been a prominent feature of Marxian economics and the debate surrounding it since the s. In a recent survey of the debate, a proponent of the TSSI conclu. This article lists notable socialist economists and political economists. Marxian economics, or the Marxian school of economics, is a heterodox school of economic thought. Its foundations can be traced back to the critique of classical political economy in the research by Karl Marx and Friedrich Engels. Marxian economics comprises several different theories and includes multiple schools of thought, which are sometimes opposed to each other, and in many cases Marxian analysis is used to complement or supplement other economic approaches.
They share a semantic field while also allowing connotative and denotative differences. Marxian economics concerns itself variously with the analysis of crisis in capitalism, the role and distribution of the surplus product and surplus value in various types of economic systems, the nature and origin of economic value, the impact of class and class struggle on economic and political process.
To Marx, a class is a group with intrinsic tendencies and interests that differ from those of other groups within society, the basis of a fundamental antagonism between such groups. For example, it is in the laborer's best interest to maximize wages and benefits and in the capitalist's best interest to maximize profit at the expense of such, leading to a contradiction within the capitalist system, even if the laborers and capitalists themselves are unaware of the clash of interests.
Marxian class theory has been open to a. The labor theory of value LTV is a heterodox theory of value that argues that the economic value of a good or service is determined by the total amount of "socially necessary labor" required to produce it.
LTV is usually associated with Marxian economics, though it also appears in the theories of earlier classical liberal economists such as Adam Smith and David Ricardo and later also in anarchist economics. Smith saw the price of a commodity in terms of the labor that the purchaser must expend to buy it, which embodies the concept of how much labor a commodity, a tool for example, can save the purchaser.
The LTV is central to Marxist theory, which holds that the working class is exploited under capitalism, and dissociates price and value. Marx did not refer to his own theory of value as a "labour theory of value". She was a relief worker there herself.
They tried to establish a model collective farm in the Ural Mountains using American tractors. They returned New York by January Criticisms of Marxism have come from various political ideologies and academic disciplines. These include general criticisms about a lack of internal consistency, criticisms related to historical materialism, that it is a type of historical determinism, the necessity of suppression of individual rights, issues with the implementation of communism and economic issues such as the distortion or absence of price signals and reduced incentives.
In addition, empirical and epistemological problems are frequently identified. Many anarchists reject the need for a transitory state phase.
Some thinkers have rejected the fundamentals of Marxist theory, such as historical materialism and the labour theory of value and gone on to criticise capitalism and advocate socialism using other arguments. Some contemporary supporters of Marxism argue. In Marxian economics, the rate of exploitation is the ratio of the total amount of unpaid labor done surplus-value to the total amount of wages paid the value of labour power.
The rate of exploitation is often also called the rate of surplus-value. Thus, the quantity of surplus labour performed by workers in an enterprise might correspond to a value higher or lower than the surplus value actually realised as profit income upon sales of output. The implication is that if the gross profit volume was related to wage costs to establish the rate of surplus value, this might overstate or understate the real rate of labor-exploitation. Although this is a subtle point, it has sometimes played an important role in wage bargaining negotiations by trade unions. For an extreme example, workers.
Eric Schoenberg is an American guitarist known for his fingerstyle guitar playing, as well as a recording artist and designer of acoustic guitars. He owns Eric Schoenberg Guitars, a guitar store in Tiburon, California, which sells vintage and luthier-made acoustic guitars. Eric and his cousin Dave Laibman were among the first transposers of classical piano ragtime to the guitar.
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He has performed, toured, recorded and written extensively. Use value German: Gebrauchswert or value in use is a concept in classical political economy and Marxian economics. It refers to the tangible features of a commodity a tradeable object which can satisfy some human requirement, want or need, or which serves a useful purpose.
In Karl Marx's critique of political economy, any product has a labor-value and a use-value, and if it is traded as a commodity in markets, it additionally has an exchange value, most often expressed as a money-price.
Origin of the concept The concepts of value, use value, utility, exchange value and price have a very long history in economic and philosophical thought. Smith recognized that commodities may h. Technological determinism is a reductionist theory that assumes that a society's technology determines the development of its social structure and cultural values.