{"product_id":"invisible-leviathan-marxs-law-of-value-in-the-twilight-of-capitalism-9781642590456","title":"Invisible Leviathan: Marx's Law of Value in the","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eIn this updated and expanded edition of \u003cem\u003eInvisible Leviathan\u003c\/em\u003e, Murray E.G. Smith critically explores and makes significant contributions to the debate surrounding Karl Marx's 'capitalist law of value' and its corollary, the law of the falling rate of profit. A powerful case is presented that capitalism has exhausted its potential to contribute to human progress. Humanity confronts a fateful choice: to allow this obsolescent system—which necessarily measures 'wealth' in terms of 'abstract social labour' and money profit—to destroy human civilisation; or to make the leap toward a global, egalitarian-socialist society in which the satisfaction of human need is the starting-point and the all-round development of each and every human individual the goal of the socio-economic life process. \u003c\/p\u003e\u003cp\u003eFirst published in 1994 as \u003cem\u003eInvisible Leviathan: The Marxist Critique of Market Despotism Beyond Postmodernism\u003c\/em\u003e by University of Toronto Press. This second and revised edition includes a new Foreword by Michael Roberts, and a Preface to the Second Edition.\u003cbr\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eForeword \u003c\/p\u003e\u003cp\u003ePreface to the Second Edition \u003c\/p\u003e\u003cp\u003ePreface to the First Edition (Excerpts) \u003c\/p\u003e\u003cp\u003eCopyright \u003c\/p\u003e\u003cp\u003eAcknowledgements \u003c\/p\u003e\u003cp\u003eFigures, Charts and Tables \u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e1 Invisible Leviathan: Marx's Law of Value in the Twilight of Capitalism   \u003c\/p\u003e\u003cp\u003e1   Reflections on Wealth, Human Development and the \u0026amp;'Triumph' of Capitalism   \u003c\/p\u003e\u003cp\u003e2   The Triple Crisis of the Twenty-First Century   \u003c\/p\u003e\u003cp\u003e3   The Necessity of Marx's Value Theory in the Twilight of Capitalism \u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e2 The Value Abstraction and the Dialectic of Social Development   \u003c\/p\u003e\u003cp\u003e1   The Value Abstraction in Pre-capitalist History: Cognitive Faculties as Forces of Production 2   Cohen, Sayer and Söhn-Rethel on Historical Materialism   \u003c\/p\u003e\u003cp\u003e3   Value Relations and Social Progress   \u003c\/p\u003e\u003cp\u003e4   An Unresolved Issue \u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e3 Science, Ideology and \u0026amp;'Economic Value'   \u003c\/p\u003e\u003cp\u003e1   The Labour Theory of Value in Classical Political Economy   \u003c\/p\u003e\u003cp\u003e2   The Economics Profession Repudiates the Labour Theory of Value   \u003c\/p\u003e\u003cp\u003e3  Labour Value: From \u0026amp;'Ricardian Socialism' to Marx   \u003c\/p\u003e\u003cp\u003e4   Marginalism versus Marx   \u003c\/p\u003e\u003cp\u003e5   Science, Ideology and the Theory of Value \u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e4 Marx's \u003cem\u003eCapital\u003c\/em\u003e and the Early Critiques   \u003c\/p\u003e\u003cp\u003e1   Elements of Marx's Theory of Value   \u003c\/p\u003e\u003cp\u003e2   Value, Capital, and Exploitation   \u003c\/p\u003e\u003cp\u003e3   Value, Capitalist Competition, and the General Rate of Profit   \u003c\/p\u003e\u003cp\u003e4   Traditional Criticisms and Orthodox Responses   \u003c\/p\u003e\u003cp\u003e5   The Controversy Surrounding the \u0026amp;'Transformation Problem' \u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e5 Currents within the Value Controversy   \u003c\/p\u003e\u003cp\u003e1   The Second Phase of the Value Controversy   \u003c\/p\u003e\u003cp\u003e2   The Neo-Ricardian Challenge   \u003c\/p\u003e\u003cp\u003e3   Neo-Orthodoxy and the Rediscovery of the Value-Form   \u003c\/p\u003e\u003cp\u003e4   Fundamentalist Value Theory   \u003c\/p\u003e\u003cp\u003e5   Trends in the Value Controversy since the 1990s \u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e6 An Assessment of the Value Controversy   \u003c\/p\u003e\u003cp\u003e1   Preliminary Thoughts on the Road Just Travelled   \u003c\/p\u003e\u003cp\u003e2   Some Philosophical and Methodological Considerations   \u003c\/p\u003e\u003cp\u003e3   Theoretical Considerations   \u003c\/p\u003e\u003cp\u003e4   Value Theory and Programme \u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e7 Value, Economy and Crisis   \u003c\/p\u003e\u003cp\u003e1   Capitalist Development and Its Cyclical Crises   \u003c\/p\u003e\u003cp\u003e2   The Falling Rate of Profit and the Dimensions of Capitalist Crisis   \u003c\/p\u003e\u003cp\u003e3   Tendencies Counteracting the Fall in the Rate of Profit   \u003c\/p\u003e\u003cp\u003e4   Theoretical Arguments Surrounding the Law of the Falling Rate of Profit   \u003c\/p\u003e\u003cp\u003e5   Dimensions of Capitalist Crisis   \u003c\/p\u003e\u003cp\u003e6   Crises of Valorisation and Crises of Realisation   \u003c\/p\u003e\u003cp\u003e7   The Historical-Structural Crisis of Capitalism \u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e8 Socially Necessary Unproductive Labour, Valorisation and Crisis   \u003c\/p\u003e\u003cp\u003e1   Marx and the Problem of Unproductive Labour   \u003c\/p\u003e\u003cp\u003e2   SNUL and Marx's Value Categories   \u003c\/p\u003e\u003cp\u003e3   Constant Capital and Capital Fetishism   \u003c\/p\u003e\u003cp\u003e4   Theoretical Advantages of Treating SNUL as Constant Capital \u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e9 Imperialism, Unequal Development and the Law of Value   \u003c\/p\u003e\u003cp\u003e1   Unequal Capitalist Development on a World Scale   \u003c\/p\u003e\u003cp\u003e2   Emmanuel's Theory of Unequal Exchange   \u003c\/p\u003e\u003cp\u003e3   Critiques of Emmanuel   \u003c\/p\u003e\u003cp\u003e4   Shaikh's Critique of Emmanuel and the Ricardian Theory of Trade \u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e10 \u0026amp;'Testing Marx' in the Twilight of Capitalism: Marxian Value Categories, National Income Accounts and the Crisis of Valorisation   \u003c\/p\u003e\u003cp\u003e1   Part I: The Profitability Crisis of the 1970s and 1980s: Contradictory Testimonies of Empirical Marxian Research   \u003c\/p\u003e\u003cp\u003e2   Part II: The LTRPF and the Rise of \u0026amp;'Fictitious Capital': The Case of the US Economy, 1950-2013   \u003c\/p\u003e\u003cp\u003e3   Profitability Trends in the US Economy: Some Recent Findings and Debates   \u003c\/p\u003e\u003cp\u003e4   Appendix 1: Data Sources and Methods for Smith (1991b) Study of Canadian Economy, 1947-80   \u003c\/p\u003e\u003cp\u003e5   Appendix 2: Data Sources and Methods Used in Smith-Taylor (1996) Study of the Canadian Economy, 1947-91   \u003c\/p\u003e\u003cp\u003e6   Appendix 3: Data Sources and Methods Used in Smith-Butovsky (2018) Study of the US Economy, 1950-2013 \u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e11 Beyond the Law of Value: Class Struggle and Socialist Transformation   \u003c\/p\u003e\u003cp\u003e1   The Working Class, Value, and Anti-Capitalist Struggle   \u003c\/p\u003e\u003cp\u003e2   Value Theory and Socialist Construction \u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eBibliography \u003c\/p\u003e\u003cp\u003eIndex\u003c\/p\u003e","brand":"Haymarket Books","offers":[{"title":"Default Title","offer_id":51359872385367,"sku":"9781642590456","price":25.5,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781642590456.jpg?v=1754125969","url":"https:\/\/bookcurl.com\/products\/invisible-leviathan-marxs-law-of-value-in-the-twilight-of-capitalism-9781642590456","provider":"Book Curl","version":"1.0","type":"link"}