{"product_id":"marxs-economics-a-dual-theory-of-value-and-growth-paperback-9780521293037","title":"Marx's Economics; A Dual Theory of Value and Growth (Paperback) 9780521293037","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eMarx's Economics\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eA Dual Theory of Value and Growth\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eProfessor Morishima concentrates on the three volumes of Das Kapital and their contributions to the major topics of traditional Marxian economics.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eMichio Morishima (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521293037, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback, published 30 March 1978\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e208 pages\u003cbr\u003e21.6 x 14 x 1.2 cm, 0.27 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eProfessor Morishima concentrates on the three volumes of Das Kapital and their contributions to the major topics of traditional Marxian economics. He provides a rigorous mathematisation of the labour theory of value, the theory of exploitation, the transformation problem, the reproduction scheme, the law of relative surplus population, the falling rate of capital and the turnover of capital. After proving Marxian propositions in a rigorous way, he argues that in order to combine Marx's model with von Neumann's in a new growth theory it is necessary to abandon the labour theory of value. Professor Morishima feels that this sacrifice is well worth making, because it enables Marxian economics to be integrated with orthodox theory into a new Marx–von Neumann theory of growth, and this to make an important contribution to the development of the subject.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface\u003cbr\u003e Introduction\u003cbr\u003e Part I. The Labour Theory of Value: 1. Dual definition of value\u003cbr\u003e 2. Hidden assumptions\u003cbr\u003e 3. Quantitative determination of relative value\u003cbr\u003e 4. Value, use-value and exchange-value\u003cbr\u003e Part II. The Theory of Exploitation: 5. Surplus value and exploitation\u003cbr\u003e 6. The rate of profit\u003cbr\u003e Part III. The Transformation Problem: 7. The static transformation problem\u003cbr\u003e 8. The aggregation problem\u003cbr\u003e Part IV. The Reproduction Scheme: 9. Simple reproduction\u003cbr\u003e 10. Extended reproduction\u003cbr\u003e 11. The reserve army and the falling rate of profit\u003cbr\u003e 12. The dynamic transformation problem\u003cbr\u003e Part V. Capital and Value: 13. The turnover of capital\u003cbr\u003e 14. The labour theory of value revisited\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Economics [\u003ca title=\"See our other books on Economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics%20%5BKC%5D%22\"\u003eKC\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46004088340760,"sku":"9780521293037","price":23.28,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521293037i_7e25a4e4-435d-45df-aed6-760ffb6fdcda.jpg?v=1691374697","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/marxs-economics-a-dual-theory-of-value-and-growth-paperback-9780521293037","provider":"Freshly Printed Books","version":"1.0","type":"link"}