Money and Totality

A Macro-Monetary Interpretation of Marx's Logic in Capital and the End of the 'Transformation Problem'
Erscheinungsjahr 2015
ISBN: 978-90-04-21655-6
Verlag: Brill

Buch, Englisch, Band 104, 415 Seiten, Format (B × H): 160 mm x 236 mm, Gewicht: 771 g

Reihe: Historical Materialism Book Series

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; i.e., 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.

Autoren/Hrsg.

Moseley, Fred

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftssysteme, Wirtschaftsstrukturen
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Sozialwissenschaften Politikwissenschaft Politische Ideologien Marxismus, Kommunismus
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie

Inhaltsverzeichnis

Preface
Bibliographical Note

Part I: A Macro-Monetary Interpretation of Marx’s Logical Method
1. Introduction: A ‘macro-monetary’ interpretation of Marx’s theory
2. Algebraic summary: A ‘macro-monetary’ interpretation of Marx’s theory
3. Marx’s Theory of the Production and Distribution of Surplus-Value: The Prior Determination of the Total Surplus-Value
4. The Circuit of Money Capital: M Presupposed
5. Money Has No Price:Marx’s Theory of Money and the Transformation Problem

Part II: Other Interpretations of the Transformation Problem
6. Standard Interpretations of Marx’s theory
7. Shaikh’s Iterative Interpretation
8. The New Interpretation (Foley, Duménil, Mohun)
9. Temporal Single System Interpretation (Kliman and McGlone)
10. The Rethinking Marxism Interpretation (Wolff, Roberts, and Callari)
11. The Organic Composition of Capital Interpretation (Fine, Saad-Filho)
12. Replies to Criticisms of my Macro-Monetary Interpretation (Laibman, Bellofiore)

Part III: Conclusion
Conclusion

Index

Über Autor(innen)

Fred Moseley is Professor of Economics at Mount Holyoke College and is the author and editor of numerous books and articles on Marx’s theory, especially the logical method employed by Marx in Capital and the theory of the distribution of surplus-value in Volume III of Capital.