Marx''s Theory of Price and Its Modern Rivals

Marx's Theory of Price and its Modern Rivals provides an original look at how Marx understood the role of money, extending his theory to consider how prices move over the course of business cycles. Key modern theories of price are also analysed; Neoclassical, Post Keynesian and Sraffian theories are contrasted with Marxian thought.

List of contents

Introduction Marx on Price in the Simple Circulation of Commodities Marx on Price in Capitalism Marx on Smith and Ricardo Marxist Interpretations of Marx's Theory of Price The Neoclassical Theory of Price Post Keynesian Theory of Price Sraffa's Theory of Price Concluding Remarks

About the author

HOWARD NICHOLAS teaches Economics at the International Institute of Social Studies, Erasmus University of Rotterdam, the Netherlands. He has been an advisor to the Ministry of Policy Planning, Sri Lanka, and headed the UNDP's study of the Macroeconomics of Poverty Alleviation in Sri Lanka from 2002-3. He has published in the areas of inflation, development theory, financial markets, the global economy, and the macro dynamics of a number of countries.

Summary

Marx's Theory of Price and its Modern Rivals provides an original look at how Marx understood the role of money, extending his theory to consider how prices move over the course of business cycles. Key modern theories of price are also analysed; Neoclassical, Post Keynesian and Sraffian theories are contrasted with Marxian thought.

Report

'...a precious work' - Dr. Vickramabahu Karunaratne, Sri Lanka Guardian

Product details

• Authors: H Nicholas, H. Nicholas
• Publisher: Palgrave UK
• Languages: English
• Product format: Paperback / Softback
• Released: 14.01.2014
• EAN: 9781349337613
• ISBN: 978-1-349-33761-3
• No. of pages: 227
• Subjects: Social sciences, law, business > Political science > Political science and political education; B, Economic Policy, Economics, macroeconomics, Economic history, Economic theory & philosophy, Economic Theory, Political Economy, Macroeconomics and Monetary Economics, Macroeconomics/Monetary Economics//Financial Economics, Monetary Economics, Management science, Quantitative Economics, History of Economic Thought and Methodology, History of Economic Thought/Methodology, Economic Theory/Quantitative Economics/Mathematical Methods, Palgrave Economics & Finance Collection, Political Economy and Economic Systems, Political Economy/Economic Systems