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An accessible, rigorous presentation of Marx's argument in the three volumes of Capital and of longstanding debates in Marxist economics.
List of contents
1. Introduction; Part I. Foundations: 2. Some methodological issues; 3. Generation of surplus value; 4. Realisation of surplus value; 5. Distribution of surplus value; Part II. Further Explorations in Political Economy: 6. Capitalism and technical change; 7. The transformation problem; 8. Exploitation and oppression; Index.
About the author
Deepankar Basu is Associate Professor in the Department of Economics at the University of Massachusetts, Amherst. His research interests span classical political economy, development economics and applied econometrics. He has published widely in peer reviewed journals. Basu is Associate Editor of the Review of Social Economy. He has co-edited a collection of essays on heterodox macroeconomics and political economy, Conflict, Demand and Economic Development: Essays in Honour of Amit Bhaduri, Routledge (2021).
Summary
The book presents the main economic argument developed by Marx in the three volumes of Capital in a coherent and comprehensive manner. It will appeal to readers who are interested in critical social sciences, economics, sociology, political science, anthropology in general and Marxism in particular.
Foreword
An accessible, rigorous presentation of Marx's argument in the three volumes of Capital and of longstanding debates in Marxist economics.
Additional text
'Deepankar Basu has written a much-needed new book in Marxist economics. Building upon the work of many Marxist analysts over the long period since Marx wrote his masterwork Capital, as well as Basu's own insightful analyses, the book offers a clearly written guide to the Marxist interpretation of capitalism. He covers the theory of historical evolution, the central relation of capitalism through which capital exploits labour by appropriating part of what labour produces, growth and crisis under capitalism, and the roles of merchants, financiers and landowners in capitalist society. The book introduces the reader to important recent developments in Marxist analysis such as the role of unpaid domestic labour in capitalism, the relation between capitalist exploitation and other forms of oppression, the transformation of capitalism in the neoliberal era since around 1980 and the increased part played by financial institutions in contemporary capitalism.' David Kotz, University of Massachusetts Amherst, author of The Rise and Fall of Neoliberal Capitalism
