Radical political economy : Sraffa versus Marx / Robin Hahnel.

Format:

Book

Author/Creator:

Hahnel, Robin, author.

Language:

English

Subjects (All):

Marx, Karl, 1818-1883--Political and social views.

Marx, Karl.

Sraffa, Piero--Political and social views.

Sraffa, Piero.

Marx, Karl, 1818-1883.

Economics.

Technological innovations--Economic aspects.

Technological innovations.

Capitalism--Moral and ethical aspects.

Capitalism.

Political and social views.

Physical Description:

vii, 110 pages ; 22 cm

Place of Publication:

London ; New York : Routledge, Taylor & Francis Group, 2017.

Summary:

For too long radical political economy has suffered for lack of a coherent alternative to formal Marxian economic theory. People have had to choose between (1) continuing to use a formal model based on the labor theory of value as Marx developed in Capital to justify and retain one's opposition to capitalism, or (2) abandoning the formal Marxian framework as outdated, and risk losing a critical evaluation of capitalism. Radical Political Economy: Sraffa Versus Marx provides readers with a third choice. A point-by-point comparison of Sraffian and Marxian treatments of prices, profits, technological change, economic crises, environmental sustainability, and the moral case against capitalism, are presented in six core chapters. They explain how the Sraffian treatment surpasses the formal Marxian treatment in every case. Both Marxian and Sraffian theories are presented in a highly accessible way, while large professional literatures are thoroughly referenced throughout. Marx was not the first, but remains the greatest, critic of capitalism, and richly deserves his place in history. However it is time to use intellectual tools unavailable to Marx in the nineteenth century to improve upon his formal analysis. This book is of great importance to those who study Sraffa and Marx, as well as academics and students who are interested in political economy, the history of economic thought, and economic and philosophical theory. -- Provided by publisher.

Contents:

Preface

Introduction

Prices

Profits

Technological change

Crises

Economy and environment

Moral critique of capitalism

Conclusion

References

Index.

Notes:

Includes bibliographical references (pages 103-107) and index.

ISBN:

9781138050020

1138050024

9781138050037

1138050032

OCLC:

971615367