The Logic of Capital

Deepankar Basu is Associate Professor in the Department of Economics at the University of Massachusetts, Amherst. His research interests span classical political economy, development economics and applied econometrics. He has published widely in peer reviewed journals. Basu is Associate Editor of the Review of Social Economy. He has co-edited a collection of essays on heterodox macroeconomics and political economy, Conflict, Demand and Economic Development: Essays in Honour of Amit Bhaduri, Routledge (2021).

• 1. Introduction; Part I. Foundations: 2. Some methodological issues; 3. Generation of surplus value; 4. Realisation of surplus value; 5. Distribution of surplus value; Part II. Further Explorations in Political Economy: 6. Capitalism and technical change; 7. The transformation problem; 8. Exploitation and oppression; Index.

'This brilliant book is a worthy successor to Paul Sweezy's classic, The Theory of Capitalist Development. Like Sweezy before him, Basu achieves that rare feat of providing both an introduction to Marxist political economy and also a response to some of the most sophisticated recent critiques of value theory. The book will be an indispensable resource for students coming fresh to Marxist economics as well as those looking to wade into the more advanced debates. It is a bravura performance.' Vivek Chibber, New York University, author of Postcolonial Theory and the Specter of Capital