Capitalism in the 21st Century - Through the Prism of Value

Contemporary capitalism is always evolving. From digital technologies to cryptocurrencies, current trends in political economy are much discussed, but often little understood. So where can we turn for clarity? As Michael Roberts and Guglielmo Carchedi argue, new trends don't necessarily call for new theory.

In Capitalism in the 21st Century, the authors show how Marx's law of value explains numerous issues in our modern world. In both advanced economies and the periphery, value theory provides a piercing analytical framework through which we can approach topics as varied as labour, profitability, automation and AI, the environment, nature and ecology, the role of China, imperialism and the state.

This is an ambitious work that will appeal to both heterodox economists and labour movement activists alike, as it demonstrates the ongoing contemporary relevance of Marxist theory to current trends in political economy.

List of contents

Introduction

1. Nature and value

2. Money, prices and value

3. Crises and value

4. Imperialism and value

5. Robots, AI, knowledge and value

6. Socialism and value

Appendix 1: The value theory of inflation

Appendix 2: Measuring unequal exchange of value in international trade

About the author

Guglielmo Carchedi was Professor of Economics at Amsterdam University and is the author of several works including Frontiers of Political Economy, For Another Europe and Behind the Crisis.
Michael Roberts has worked in the City of London for over 30 years as an economist and financial adviser. He is author of several books including The Great Recession, The Long Depression and Marx 200. He blogs at thenextrecession.wordpress.com.

Summary

A sweeping, authoritative and accessible overview of major issues in the global economy from a Marxist perspective

Product details

• Authors: Guglielmo Carchedi, Guglielmo (Amsterdam University) Carchedi, Guglielmo (Amsterdam University) Roberts Carchedi, Carchedi Guglielmo, Michael Roberts, Michael Carchedi Roberts
• Publisher: Pluto
• Languages: English
• Product format: Paperback / Softback
• Released: 31.12.2022
• EAN: 9780745340883
• ISBN: 978-0-7453-4088-3
• No. of pages: 288
• Series: IIPPE
• Subjects: Social sciences, law, business > Political science > Political science and political education; BUSINESS & ECONOMICS / Economic History, BUSINESS & ECONOMICS / International / General, PHILOSOPHY / Ethics & Moral Philosophy, BUSINESS & ECONOMICS / Economics / Theory, POLITICAL SCIENCE / Public Policy / Economic Policy, POLITICAL SCIENCE / Political Ideologies / Capitalism, Economic theory & philosophy, International Economics, Political Economy, Far-left political ideologies and movements, Economic & financial crises & disasters, Economic and financial crises and disasters, Marxism & Communism, Economic theory and philosophy