VALUE, CAPITALIST DYNAMICS, AND MONEY, vol 18

Edited by Paul Zarembka ()

in RESEARCH IN POLITICAL ECONOMY from Paul Zarembka, currently edited by Paul Zarembka

Abstract: [Part I] This volume begins with an introduction to Marx's theory of capitalism in his own words, with his examples modernized from use of shillings and pence as subdivisions of the Pound. [Part II] Well-known work in 1901 on the theory of crises in capitalism by Michael Tugan-Baranowsky is translated into English for the first time, with a Preface placing it in context. The political activism and theoretical work of Henryk Grossman through 1926 is summarized in some detail, and a rarely-known brief article of his from 1919 included. [Part III] Ambiguity in Marx's definition of accumulation of capital and the differing directions Lenin and Luxemburg took with it are next analyzed, with a more precise definition offered. Debate, begun in the last volume, over the valuation of means of production and its effect on the possibility of a falling tendency of the profit rate is taken a step forward as contrasting positions are developed. [Part IV] Finally, credit money as an advanced form of money is analyzed and the post-Keynesian analysis of it, originating from Kaldor, subject to critique. Several theories of inflation theory are reviewed, with focus on the agencies causing inflation. A rediscovery of Marxian inflation theory is proposed.

Keywords: capitalism; Marx; value; price; profit rate; crisis; England; Tugan-Baranowsky; Grossman; accumulation of capital; credit money; inflation (search for similar items in EconPapers)
JEL-codes: B51 E11 E12 E22 E31 E32 E51 N13 P16 (search for similar items in EconPapers)
Date: 2000
ISBN: 979-0-7623-0696-1
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Chapters in this book:

Ch 1 Value, Price, and Profit (Abridged): An Introduction to the Theory of Capitalism , pp 3-39

Karl Marx

Ch 5 Accumulation of capital, its definition: A century after Lenin and Luxemburg , pp 183-241

Paul Zarembka

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Persistent link: https://EconPapers.repec.org/RePEc:rpe:volume:volm18a

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