Marx''s Economics : A Dual Theory of Value and Growth
Book Details
Format
Paperback / Softback
ISBN-10
0521293030
ISBN-13
9780521293037
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Mar 30th, 1978
Print length
208 Pages
Weight
270 grams
Dimensions
21.60 x 14.00 x 1.20 cms
Product Classification:
Economic theory & philosophyEconomic theory and philosophy
Ksh 7,400.00
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Professor Morishima concentrates on the three volumes of Das Kapital and their contributions to the major topics of traditional Marxian economics. Morishima 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. An important contribution to the development of the subject.
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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