Value, Technical Change and Crisis

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A01=David Laibman
AHI
Author_David Laibman
Biased Technical Change
capital
capitalist dynamics
Category=JPFC
Category=JPFF
Category=KCA
Consistent Path
Cyclical Crisis
Cyclical Growth
economic crisis modeling
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
Equilibrium Profit Rate
exploitation analysis
Follow
good
historical materialism
Keynes
labor theory
Lower Output Ratio
Marxist Economic Theory
okishio
Okishio Theorem
PF Development
profit
Profit Rate
Profit Rate Differential
quantitative Marxist economics
rate
rising
Rising Profit Share
Secular Crisis
share
Simple Commodity Production
Slave Mode
Social Reproduction
socialist transition studies
State Bourgeoisie
stock
Technical Change
theorem
Vice Versa
Violate
wage
Wage Basket
Wage Share

Product details

  • ISBN 9780873327350
  • Weight: 453g
  • Dimensions: 152 x 229mm
  • Publication Date: 30 Jun 1992
  • Publisher: Taylor & Francis Inc
  • Publication City/Country: US
  • Product Form: Hardback
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This text brings together studies in various aspects of the theory of the capitalist economy. It focuses on major themes of the Marxist tradition that postulate the existence and importance of social relations and structures underlying the esoteric realm of economic categories: prices, profits, wages, etc. The author takes a reappraising, critical look at the concepts of the deep structure - value, explitation, immanent crisis - using the analytical tools of modern economics to improve those concepts. The book is divided into four parts. 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. 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.

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