Del 41 - Research in Political Economy

Money, Value and Marx’s Circuit of Capital

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Inbunden, Engelska, 2026

1 559 kr

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The twelve papers collected in this volume of Research in Political Economy mark a new phase in the study of capitalism, centred on the reproduction of total social capital. They address the widely felt need to reconnect political economy with real-world phenomena, including financial crises, long-term stagnation, poverty, inequality, and economic injustice.Seeking to renew pluralist dialogue among all currents critical of the dominant neoclassical paradigm—particularly those aiming to move beyond the equilibrium framework that permeates it—the volume offers important new insights into Marx’s value theory. These constitute a significant addition to both the existing body of Marx studies and to a broader understanding of capitalist reproduction, accumulation, and the sources of their recurrent failures.This shared engagement rests on the recognition that the study of the circuit of capital can shed fresh light on the fundamental concepts of money, price, value, and credit, and on their role in explaining capitalism’s ‘laws of motion’: accumulation, historical origins, and reproduction itself. The volume thus advances critical debates and paves the way for future research on the dynamics of capitalist reproduction.

Produktinformation

Utgivningsdatum2026-02-25
Mått152 x 229 x 19 mm
Vikt478 g
FormatInbunden
SpråkEngelska
SerieResearch in Political Economy
Antal sidor280
FörlagEmerald Publishing Limited
ISBN9781835495971

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Chapter 1. Introduction; Alan Freeman and Guido De Marco Chapter 2. Money, Value and Capital Circulation in a Finance-Led Economic Regime; Louis-Philippe Rochon and Sergio Rossi Chapter 3. A General Theory of Value, Money and the State; Alan Freeman Chapter 4. On the Beginning of Capital; Till Hahn Chapter 5. Grossman’s Breakdown Theory versus Marx’s Value Theory; Andrew Kliman Chapter 6. Marx and Pasinetti versus Proportional Dynamics: Causality, Simultaneity and the Law of Value; Luca Timponelli Chapter 7. At the Foundations of the Critique of Political Economy; Giovanni Mazzetti Chapter 8. Institutionalism and the Macro-Monetary Labour Theory of Value; Niko Block Chapter 9. Marx’s Theory of Prices of Production with Unequal Turnover Times and a Response to De Marco's Critique; Fred Moseley Chapter 10. Capital as Organisation of Rhythms and Crisis as Arrhythmia; Stavros Tombazos Chapter 11. The Circulation of Value, Rent, and Class Struggle: A Critique of “Technofeudalism”; Fabian Balardini Chapter 12. 'What is it?' Marx’s Theory of Exploitation and the Closure of the Transformation Problem; Riccardo Bellofiore and Andrea Coveri Chapter 13. Where Does the Money Come From? Marx’s Commodity Capital Circuit and the Reproduction of Total Social Capital; Guido De Marco Chapter 14. Marx’s Three Concepts of Capital Composition, Coherence or Confusion?; Anders Ekeland

Money, Value, and Marx's Circuit of Capital is that fortunate work that re-links the theory of value to experience. By placing the reproduction of total social capital and requiring money, time, and turnover as constitutive rather than as a residuum, the book decisively broke with sterile single-period equilibria. Throughout the collection of works, there is one steady presence who finds readers macro-monetary analyses of the labor theory of value, careful attention to turnover and continuous-time reproduction, and crisp bridges to stock–flow consistent thought. The prize is a pluralist research agenda that is coherent and explains crises, stagnation, and the uneven predominance of finance without stripping class or history. Regardless of where one begins in Marxian, post-Keynesian, or institutional schools of thought, the book provides analytical concepts that really explain our era's chronic imbalances. It deserves to be a touchstone for scholars and policymakers who need political economy to stand up to hard reality tests.