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Analytical Foundations of Marxian Economic Theory - John E. Roemer

Analytical Foundations of Marxian Economic Theory

Paperback

Published: 24th April 1989
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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.

Acknowledgments
Introduction
Equilibrium and reproducibility: the linear model
Reproducibility and exploitation: a general model
The equalization of profit rates in Marxian general equilibrium
Viable and progressive technical change and the rising rate of profit
Continuing controversy on the falling rate of profit: fixed capital and other issues
Changes in the real wage and the rate of profit
The law of value and the transformation problem
The transformation correspondence
Simple reproduction, extended reproduction and crisis
Summing up and new directions
Notes
References
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521347754
ISBN-10: 0521347750
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 236
Published: 24th April 1989
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 23.5 x 15.24  x 1.27
Weight (kg): 0.34