Value and crisis : essays on Marxian economics in Japan / Makoto Itoh.

Format:

Book

Author/Creator:

Itō, Makoto, 1936-2023, author.

Language:

English

Subjects (All):

Marxian economics.

Value.

Prices.

Economics--Japan--History.

Economics.

Japan.

Genre:

History.

Physical Description:

1 online resource (305 pages) : illustrations

Place of Publication:

New York, New York : Monthly Review Press, [2021]

Summary:

"Marxist economic thought has had a long and distinguished history in Japan, dating back to the First World War. When interest in Marxist theory was virtually nonexistent in the United States, rival schools of thought in Japan emerged, and brilliant debates took place on Marx's Capital and on capitalism as it was developing in Japan. Forty years ago, Makoto Itoh's Value and Crisis began to chronicle these Japanese contributions to Marxist theory, discussing in particular views on Marx's theories of value and crisis, and problems of Marx's theory of market value. Now, in a second edition of his book, Itoh deepens his study of Marx's theories of value and crisis, as an essential reference point from which to analyze the multiple crises that have arisen during the past four decades of neoliberalism. One contribution of the original Value and Crisis was to bridge Japan and the world in the field of Marxian political economy. Itoh's second edition demonstrates an even wider-ranging familiarity with major schools of Marxist thought, summarizing and assessing viewpoints of such theorists as Hilferding, Bauer, Kautsky, Bukharin, Luxemburg, Grossman, Sweezy, the Japanese Marxist Kozo Uno, together with the relevant parts of Capital and a section on the 1930's Great Depression. Given today's current emergencies of world capitalism and socialism, says Itoh, we need to work together to resolve new global problems, articulating new issues of Marx's theories of value and crisis. The promise of Marx's theories has not waned. If anything--given the failure of Soviet-style socialism and the catastrophe of neoliberalism--it grows daily."-- Publisher's website

Contents:

The development of Marxian economics in Japan

How to apply Uno theory to contemporary capitalism in multiple crises

A study of Marx's theory of value

Marx's theory of market value

Unequal exchange in our age of globalization

The formation of Marx's theory of crisis

Marxist theories of crisis

The inflationary crisis of world capitalism

Spiral reversal of capitalist development: what does it imply for the twenty-first century?

The historical significance and the social costs of the subprime crisis: drawing on the Japanese experience.

Notes:

Description based on print version record.

Includes bibliographical references and index.

ISBN:

9781583679012

1583679014