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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, January.
    • 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 Limited, 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. Anthony M. Endres & David A. Harper, 2012. "The kinetics of capital formation and economic organisation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 36(4), pages 963-980.
    4. Cavalieri, Duccio, 2015. "Structural interdependence in monetary economics: theoretical assessment and policy implications," MPRA Paper 65526, University Library of Munich, Germany.
    5. Yukihiko Fujita, 2021. "On the All Commodities Surplus Theorem," Economics Bulletin, AccessEcon, vol. 41(2), pages 276-282.
    6. Meghnad Desai, 2014. "Marx, Keynes and Hayek and the Great Recession of 2008," Chapters, in: Riccardo Bellofiore & Giovanna Vertova (ed.), The Great Recession and the Contradictions of Contemporary Capitalism, chapter 3, pages 50-64, Edward Elgar Publishing.
    7. Jianhua Wang & Yongping Wei & Shan Jiang & Yong Zhao & Yuyan Zhou & Weihua Xiao, 2017. "Understanding the Human-Water Relationship in China during 722 B.C.-1911 A.D. from a Contradiction and Co-Evolutionary Perspective," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 31(3), pages 929-943, February.
    8. Gilles Dostaler, 2012. "The General Theory, Marx, Marxism and the Soviet Union," Chapters, in: Thomas Cate (ed.), Keynes’s General Theory, chapter 11, Edward Elgar Publishing.

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