Invisible Leviathan : Marx's Law of Value in the Twilight of Capitalism / Murray Smith.

Format:

Book

Author/Creator:

Smith, Murray.

Series:

Historical Materialism Book Series 177.

Historical Materialism Book Series ; v. 177

Language:

English

Subjects (All):

Labor theory of value.

Marxian economics.

Physical Description:

1 online resource (395 pages).

Place of Publication:

Leiden, Boston : BRILL, 2019.

Summary:

In this updated and expanded edition of Invisible Leviathan , Murray E.G. Smith critically explores and makes significant contributions to the debate surrounding Karl Marx’s ‘capitalist law of value’ and its corollary, the law of the falling rate of profit. A powerful case is presented that capitalism has exhausted its potential to contribute to human progress. Humanity confronts a fateful choice: to allow this obsolescent system – which necessarily measures ‘wealth’ in terms of ‘abstract social labour’ and money profit – to destroy human civilisation; or to make the leap toward a global, egalitarian-socialist society in which the satisfaction of human need is the starting-point and the all-round development of each and every human individual the goal of the socio-economic life process. First printed in 1994 as Invisible Leviathan: The Marxist Critique of Market Despotism Beyond Postmodernism by University of Toronto Press. This second and revised edition includes a new Foreword by Michael Roberts, and a Preface to the Second Edition.

Contents:

Front Matter

Copyright Page / Murray E.G. Smith

Foreword / Murray E.G. Smith

Preface to the Second Edition / Murray E.G. Smith

Preface to the First (1994) Edition (Excerpts) / Murray E.G. Smith

Acknowledgements / Murray E.G. Smith

Invisible Leviathan: Marx’s Law of Value in the Twilight of Capitalism / Murray E.G. Smith

The Value Abstraction and the Dialectic of Social Development / Murray E.G. Smith

Science, Ideology and ‘Economic Value’ / Murray E.G. Smith

Marx’s Capital and the Early Critiques / Murray E.G. Smith

Currents within the Value Controversy / Murray E.G. Smith

An Assessment of the Value Controversy / Murray E.G. Smith

Value, Economy and Crisis / Murray E.G. Smith

Socially Necessary Unproductive Labour, Valorisation and Crisis / Murray E.G. Smith

Imperialism, Unequal Development and the Law of Value / Murray E.G. Smith

‘Testing Marx’ in the Twilight of Capitalism: Marxian Value Categories, National Income Accounts, and the Crisis of Valorisation / Murray E.G. Smith

Beyond the Law of Value: Class Struggle and Socialist Transformation / Murray E.G. Smith

Back Matter

Bibliography / Murray E.G. Smith

Index / Murray E.G. Smith.

Notes:

First printed in 1994 as Invisible Leviathan: The Marxist Critique of Market Despotism Beyond Postmodernism by University of Toronto Press.

Includes bibliographical references and index.

Description based on print version record and CIP data provided by publisher; resource not viewed.

ISBN:

90-04-31220-X

Publisher Number:

10.1163/9789004312203 DOI