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Marx'S Capital And Capitalism; Markets In A Socialist Alternative


  • Paul Zarembka
    (State University of New York at Buffalo)


[Part I] The political economist N. Sieber wrote a book in 1871 in part summarizing Marx's value theory compared to Ricardo's, and Marx himself favorably commented on the interpretation, thus representing a unique appreciation. Here, for the first time, Sieber's Russian text on Marx is translated, joined with an introductory article by James D. White and an article by David Smith on Sieber's understanding of value theory. [Part II] Alfredo Saad-Filho develops implications of introducing a more refined discussion of the composition of capital into Zarembka's work on accumulation of capital in the previous volume. The tendency of the profit rate under two alternative criteria for technical choice is analyzed by Cheol-soo Park. Often introduced into a 'socialist' practise, the regulation of social relations by markets is criticized by Martyn Konings as being antithetical to socialism. [Part III] Ideology provides our representations of the world we live in and Thierry Suchere connects the symbolic dimension to economic activity. Close links between Wittgenstein's philosophy and Sraffa's political economy as both embodying bourgeois ideology are developed by Jorgen Sandemose. Finally, the Stalinist ideological formation as a key component of Soviet history is developed from a Marxist perspective by Charles Bettelheim.

Suggested Citation

  • Paul Zarembka (ed.), 2001. "Marx'S Capital And Capitalism; Markets In A Socialist Alternative," RESEARCH IN POLITICAL ECONOMY, Paul Zarembka, volume 19, number volm19a, April.
  • Handle: RePEc:rpe:volume:volm19a

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    More about this item


    capitalism; Marx; value; Sieber; commodity fetishism; accumulation; composition of capital; markets in socialism; alienation; Sraffa; Wittgenstein; Stalinism; technical choice;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian


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