The Elgar Companion to Marxist Economics


Book Description

This Companion takes stock of the trajectory, achievements, shortcomings and prospects of Marxist political economy. It reflects the contributors' shared commitment to bringing the methods, theories and concepts of Marx himself to bear across a wide range of topics and perspectives, and it provides a testimony to the continuing purpose and vitality of Marxist political economy. As a whole, this volume analyzes Marxist political economy in three areas: the critique of mainstream economics in all of its versions; the critical presence of Marxist political economy within, and its influence upon, each of the social science disciplines; and, cutting across these, the analysis of specific topics that straddle disciplinary boundaries. Some of the contributions offer an exposition of basic concepts, accessible to the general reader, laying out Marx's own contribution, its significance, and subsequent positions and debates with and within Marxist political economy. The authors offer assessments of historical developments to and within capitalism, and of its current character and prospects. Other chapters adopt a mirror-image approach of pinpointing the conditions of contemporary capitalism as a way of interrogating the continuing salience of Marxist analysis. This volume will inform and inspire a new generation of students and scholars to become familiar with Marxist political economy from an enlightened and unprejudiced position, and to use their knowledge as both a resource and gateway to future study.




The Elgar Companion to Radical Political Economy


Book Description

'These valuable contributions will be very useful to students and nonspecialists wanting a clear introduction to specific topics or a convenient volume to browse to get a feel for a broader area of study. A welcome addition to any library.' – M. Perelman, Choice '. . . an excellent short encyclopedia of radical political economies. . . Even experienced scholars could read a number of the entries to refresh themselves or to introduce themselves to new areas of inquiry. Every university and college library should have a copy.' – William M. Dugger, Southern Economic Journal 'Elgar's companions are a joy to read from cover-to-cover. . . The volume is indexed and belongs in every library.' – William M. Dugger, Journal of Economic Issues '. . . this is a worthwhile volume deserving a browse by anyone with radical pretensions.' – Keith Cowling, The Economic Journal This major reference book has been designed to provide a comprehensive coverage of radical political economy. International in scope, The Elgar Companion to Radical Political Economy includes contributions from a very wide range of specialists who discuss topics, ideas and theories in the field. Radical political economy is a term used to encompass a range of different schools of thought. These include post Keynesian, Kaleckian, Marxian, Institutionalist, Sraffian and other approaches to economics which share the common theme of production, rather than the exchange focus of neoclassical and Austrian economics. Their concern with the generation and use of the surplus leads them to an interest in dynamics, income distribution, growth and development, and capital accumulation. With over 100 entries, the companion provides detailed information on a wide range of aspects of radical political economy as well as some important insights into its theoretical underpinning. A special feature of the book is its emphasis upon explaining the positive elements in radical political economy. As the first book of its kind devoted to radical political economy, the companion will be an essential reference source for scholars and students with an interest in the development of economic ideas.




Research Handbook on Law and Marxism


Book Description

This Research Handbook offers unparalleled insights into the large-scale resurgence of interest in Marx and Marxism in recent years, with contributions devoted specifically to Marxist critiques of law, rights, and the state.




The Limits of Regulation


Book Description

'Whilst the regulation approach has gone beyond its peak of influence and has been diluted of much of its radical content, this outstanding critical appreciation of its strengths and weaknesses will prove an invaluable point of reference for all those engaged in the political economy of the national within the global economy.' – Ben Fine, University of London, UK This unique and original book offers a critical survey of the regulation approach, an influential theoretical school born in the 1970s and belonging to the neo-Marxist and radical political economy traditions. The author's persuasive argument is that regulation, in order to explain capitalist development, resorts to historicism and institutionalism and thereby adopts a 'middle-range' methodology. He contends that both its theoretical and methodological perspectives are currently unfit for this purpose. This novel critique of regulation will prove a challenging and stimulating read for academics, researchers and graduate students with an interest in heterodox economics, the history of economic thought, political economy, regional development and labour process theory.




Contending Economic Theories


Book Description

A systematic comparison of the 3 major economic theories—neoclassical, Keynesian, and Marxian—showing how they differ and why these differences matter in shaping economic theory and practice. Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also differentiated from and compared to the other two theories. The authors identify each theory's starting point, its goals and foci, and its internal logic. They connect their comparative theory analysis to the larger policy issues that divide the rival camps of theorists around such central issues as the role government should play in the economy and the class structure of production, stressing the different analytical, policy, and social decisions that flow from each theory's conceptualization of economics. Building on their earlier book Economics: Marxian versus Neoclassical, the authors offer an expanded treatment of Keynesian economics and a comprehensive introduction to Marxian economics, including its class analysis of society. Beyond providing a systematic explanation of the logic and structure of standard neoclassical theory, they analyze recent extensions and developments of that theory around such topics as market imperfections, information economics, new theories of equilibrium, and behavioral economics, considering whether these advances represent new paradigms or merely adjustments to the standard theory. They also explain why economic reasoning has varied among these three approaches throughout the twentieth century, and why this variation continues today—as neoclassical views give way to new Keynesian approaches in the wake of the economic collapse of 2008.




The New Value Controversy and the Foundations of Economics


Book Description

The papers that comprise this collection introduce key advances in modern value theory. Equilibrium and non-equilibrium approaches are discussed alongside the theory behind abstract labour and money.




Capitalism on Trial


Book Description

This volume presents a collection of essays honoring Professor Thomas E. Weisskopf, one of the most prominent contributors to the field of radical economics. Beginning his academic career at Harvard before moving to the University of Michigan at Ann Arbor, Professor Weisskopf has spent the past forty years exploring through highly innovative and rigorous research the questions of economic equality, social justice and environmental responsibility. The chapters in this book reflect the main subjects of Professor WeisskopfÕs work and seek to foster continued innovation in these research areas. The diverse contributions to this volume explore the impressive range of Professor WeisskopfÕs research themes. These include the economics of developing countries, US imperialism, Marxian crisis theory, contemporary economic history and institutional development, affirmative action policies, and the potential of socialism as an alternative to capitalism for developing non-exploitative societies. In addition to 26 chapters by leading economists, this book also includes a chapter by Professor Weisskopf himself, in which he reflects on his own career in economics as well as the state of the U.S. and global economies. The volume also includes a full bibliography listing Professor WeisskopfÕs publications. Students, professors and researchers working in any branch of economics will find much of interest in this set of wide-ranging studies building from the themes advanced by Thomas Weisskopf.




The Elgar Companion to Antonio Gramsci


Book Description

Affirming Antonio Gramsci’s continuing influence, this adroitly cultivated Companion offers a comprehensive overview of Gramsci’s contributions to the interdisciplinary fields of critical social science, social and political thought, economics and emancipatory politics. Within the tradition of historical materialism, it explores the continuing impact of Gramscian perspectives in the present day.




Marxism: For and Against


Book Description

"Genuinely open-minded and inquiring. . . .it intelligently summarizes and shrewdly questions four central topics of Marxist thought—the dialectical approach to philosophy, the materialist interpretation of history, the socio-analysis of capitalism and the commitment to socialism." —Raymond Williams, Cambridge University In the lucid style and engaging manner that have become his trademark, Robert L. Heilbroner explains and explores the central elements of Marxist thought: the meaning of a "dialectical" philosophy, the usefulness and problems of a " materialist" interpretation" of history, the power of Marx's "socioanalytic" penetration of capitalism, and the hopes and disconcerting problems involved in a commitment to socialism. Scholarly without being academic, searching without assuming a prior knowledge of the subject, Dr. Heilbroner enables us to appreciate the greatness of Mark while avoiding an uncritical stance toward his work.




Pinochet's Economic Accomplices


Book Description

With a focus on Chile, Pinochet’s Economic Accomplices: An Unequal Country by Force uses theoretical arguments and empirical studies to argue that focusing on the behavior of economic actors of the dictatorship is crucial to achieve basic objectives in terms of justice, memory, reparation, and non-repetition measures. This book makes visible a number of cases of economic complicity with the Chilean dictatorship and explains their links with the radical inequalities the country has today while proposing a theoretical framework for their study. Scholars of Latin American studies, history, sociology, economics, business, and human rights will find this book particularly useful.