Money and Abstract Labour : On the Analytical Foundations of Political Economy
Book Details
Format
Paperback / Softback
ISBN-10
0860917495
ISBN-13
9780860917496
Publisher
Verso Books
Imprint
Verso Books
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jan 1st, 1982
Print length
190 Pages
Weight
400 grams
Dimensions
20.30 x 12.70 x 1.30 cms
Ksh 3,100.00
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A ground-breaking mathematical analysis of labour, money and exchange
Recent trends in Marxist economic theory have sponsored the methods of modern logic and mathematics. In doing so, they have displaced not only the relatively philosophical style of reflection found in Capital but also certain key problems addressed there by Marx.
Ulrich Krause breaks new ground by applying mathematical techniques in an analysis of labor, money and exchange. Rejecting the notion of “homogeneous labor” as a basis of value theory, Krause develops his own understanding of the Marxist concept of “abstract labor,” which he then integrates with an analysis of money in the process of commodity exchange. His book concludes with a new discussion of Marx’s theory of value and surplus-value.
Money & Abstract Labour is a major intervention in one of the most vigorously contested areas of contemporary economic theory.
Ulrich Krause breaks new ground by applying mathematical techniques in an analysis of labor, money and exchange. Rejecting the notion of “homogeneous labor” as a basis of value theory, Krause develops his own understanding of the Marxist concept of “abstract labor,” which he then integrates with an analysis of money in the process of commodity exchange. His book concludes with a new discussion of Marx’s theory of value and surplus-value.
Money & Abstract Labour is a major intervention in one of the most vigorously contested areas of contemporary economic theory.
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