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Book Synopsis

As we experience yet another deep economic recession, people throughout the world are feeling the symptoms of capitalist crisis, from unemployment to bankruptcy to deficits to cutbacks and so on. With this timely book, Murray E.G. Smith invites readers to a reconsideration of the themes pertinent to an understanding of capitalist economic crises and to discussion of the ways to overcome them.

The text is broad-ranging, integrating eleven studies that consider the theory of labour-value from historical, philosophical, and economic perspectives. Smith incorporates a thorough review of the controversy that has raged around Marx’s theory of labour-value, reporting the key arguments of orthodox Marxists, neo-Ricardians, neo-orthodox Marxists, and fundamentalists Marxists. He concludes that the Marxian theory of labour-value remains a logically coherent and theoretically sound basis for understanding capitalism’s historical-structural crises. Also included is a reconsi

Invisible Leviathan

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    A Paperback by Murray E.G. Smith

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      Book details

      Publisher University of Toronto Press
      Published 11 January 1994
      ISBN-13 9780802071903
      978-0802071903
      ISBN-10 0802071902
      Also in:
      Left-of-centre democratic ideologies and movements Sociology and anthropology

      Description

      Book Synopsis

      As we experience yet another deep economic recession, people throughout the world are feeling the symptoms of capitalist crisis, from unemployment to bankruptcy to deficits to cutbacks and so on. With this timely book, Murray E.G. Smith invites readers to a reconsideration of the themes pertinent to an understanding of capitalist economic crises and to discussion of the ways to overcome them.

      The text is broad-ranging, integrating eleven studies that consider the theory of labour-value from historical, philosophical, and economic perspectives. Smith incorporates a thorough review of the controversy that has raged around Marx’s theory of labour-value, reporting the key arguments of orthodox Marxists, neo-Ricardians, neo-orthodox Marxists, and fundamentalists Marxists. He concludes that the Marxian theory of labour-value remains a logically coherent and theoretically sound basis for understanding capitalism’s historical-structural crises. Also included is a reconsi

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