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Analytical Foundations of Marxian Economic Theory

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  • Roemer,John E.

Abstract

Professor Roemer's goal in this book is to give a rigorous view of classical Marxian economic theory by presenting specific analytic models. The theory is not extended to deal with new problems, but it is deepened: Marxian theory is given micro-foundations and upon those foundations the author begins to rebuild a tightly constructed Marxian economics. The book begins, after a methodological introduction, with an examination of the Marxian notion of equilibrium and the theory of exploitation, and goes on to deal with the theory of the falling rate of profit. The next section explores one of the points made in the first section of the book, that the Marxian theory of exploitation can be constructed completely independently of the labor theory of value as a theory of exchange. Technical study of this problem allows comment on various issues, such as the relative importance of 'marginal utilities' and 'class struggle' in determining relative prices. The final part examines models of various Marxian concepts.

Suggested Citation

  • Roemer,John E., 1989. "Analytical Foundations of Marxian Economic Theory," Cambridge Books, Cambridge University Press, number 9780521347754.
    • Handle: RePEc:cup:cbooks:9780521347754
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    Cited by:

    1. Tavani, Daniele, 2012. "Wage bargaining and induced technical change in a linear economy: Model and application to the US (1963–2003)," Structural Change and Economic Dynamics, Elsevier, vol. 23(2), pages 117-126.
    2. Michael Webber, 2012. "The Dynamics of Primitive Accumulation: With Application to Rural China," Environment and Planning A, , vol. 44(3), pages 560-579, March.

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