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The Economics of Karl Marx

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  • Hollander,Samuel

Abstract

Presents an account and technical assessment of Marx's economic analysis in Capital, with particular reference to the transformation and the surplus-value doctrine, the reproduction schemes, the falling real-wage and profit rates, and the trade cycle. The focus is on criticisms that Marx himself might have been expected to face in his day and age. In addition, it offers a chronological study of the evolution of that analysis from the early 1840s through three 'drafts': documents of the late 1840s, the Grundrisse of 1857–1858, and the Economic Manuscripts of 1861–1863. It also provides three studies in application, focusing on Marx's 'evolutionary' orientation in his evaluation of the transition to communism and his rejection of 'egalitarianism' under both capitalist and communist regimes; his evolving perspective on the role of the industrial 'entrepreneur'; and his evolving appreciation of the prospects for welfare reform within capitalism.

Suggested Citation

  • Hollander,Samuel, 2008. "The Economics of Karl Marx," Cambridge Books, Cambridge University Press, number 9780521790789, October.
  • Handle: RePEc:cup:cbooks:9780521790789
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    Cited by:

    1. Tom Jeannot, 2010. "The enduring significance of the thought of Karl Marx," International Journal of Social Economics, Emerald Group Publishing, vol. 37(3), pages 214-238, February.
    2. Levrero, Enrico Sergio, 2009. "Marx on absolute and relative wages," MPRA Paper 20976, University Library of Munich, Germany.
    3. Cavalieri, Duccio, 2015. "Structural interdependence in monetary economics: theoretical assessment and policy implications," MPRA Paper 65526, University Library of Munich, Germany.

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