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Money and totality : a macro-monetary interpretation of Marx's logic in Capital and the end of the 'transformation problem' / by Fred Moseley.
- Format:
- Book
- Author/Creator:
- Moseley, Fred, 1946- author.
- Series:
- Historical materialism book series ; Volume 104.
- Historical Materialism Book Series, 1570-1522 ; Volume 104
- Language:
- English
- Subjects (All):
- Capital.
- Macroeconomics.
- Marxian economics.
- Marx, Karl, 1818-1883. Kapital.
- Marx, Karl.
- Physical Description:
- 1 online resource (433 p.)
- Place of Publication:
- Leiden, Netherlands ; Boston, [Massachusetts] : Brill, 2016.
- Language Note:
- English
- Summary:
- This ambitious book presents a comprehensive new 'macro-monetary' interpretation of Marx’s logical method in Capital , based on substantial textual evidence, which emphasises two main points: (1) Marx’s theory is primarily a macroeconomic theory of the total surplus-value produced in the economy as a whole; and (2) Marx’s theory is a monetary theory from beginning to end and the circuit of money capital – M - C - M’ – is the logical framework of Marx’s theory. It follows from this 'macro-monetary' interpretation that, contrary to the prevailing view, there is no 'transformation problem' in Marx’s theory; id est, Marx did not 'fail to transform the inputs of constant capital and variable capital' in his theory of prices of production in Part 2 of Volume III.
- Contents:
- Front Matter
- Introduction: A ‘Macro-Monetary’ Interpretation of Marx’s Theory
- Algebraic Summary: A ‘Macro-Monetary’ Interpretation of Marx’s Theory
- Marx’s Theory of the Production and Distribution of Surplus-Value: The Prior Determination of the Total Surplus-Value
- The Circuit of Money Capital: M Presupposed
- Money Has No Price: Marx’s Theory of Money and the Transformation Problem
- Standard Interpretations
- Shaikh’s Iterative Interpretation
- The New Interpretation
- Temporal Single System Interpretation (TSSI)
- The Rethinking Marxism Interpretation
- The Organic Composition of Capital Interpretation
- Replies to Criticisms of My Macro-Monetary Interpretation
- Conclusion
- Bibliography
- Indexes.
- Notes:
- Description based upon print version of record.
- Includes bibliographical references and indexes.
- Description based on print version record.
- ISBN:
- 90-04-30193-3
- Publisher Number:
- 10.1163/9789004301931 DOI
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