Description
Book SynopsisDrawing on the perspectives of both leading experts and early career academics from China, Senegal, Cuba, Brazil, France, Italy, Spain, and the UK, this 39th issue of Research in Political Economy integrates, articulates, and discusses the concepts of value, profit, money, and capital within a common theoretical and empirical framework. Divided into four distinct parts, chapters highlight:
- the relevance of value in contemporary Marxist theory
- the hegemony of the US dollar and its recent erosion
- major monetary problems currently faced by Africa as a result of colonial legacies
- alternative monetary and financial tracks being tested in Latin America, including monetary regionalization and resistance to the domination of the dollar
- the current state of national debt in the Global South, including possible solutions
- the difficulties in evaluating transnational corporate profit in the era of globalization
- the evolution of profit rates in the United States, Europe, and Latin America over the past several decades
- a study of France's rate of profit over more than a century
- fictitious and financial capital
- the recent emergence of cryptocurrencies and some of the challenges that this entails
Connecting fundamental, theoretical, and empirical subjects with the most current scholarship on value, money, profit and capital today, this book makes sense of our increasingly interconnected global economy, highlighting key issues and proposing real-world solutions from the most knowledgeable researchers in the field.
Table of ContentsPART I. VALUE TODAY
Chapter 1. Money, Credit and Fictitious Capital in Marx’s Theory of Value; Alfredo Saad-Filho
Chapter 2. Critique of Value Criticism ; Fabien Trémeau
Chapter 3. Turning One’s Loss into a Win? – The U.S. Trade War with China in Perpective; Zhiming Long, Zhixuan Feng, Bangxi Li, and Rémy Herrera
PART II. MONEY TODAY
Chapter 4. Colonial Legacy, Monetary Policy and Resource Mobilization for Development in Africa; Demba Moussa Dembele
Chapter 5. Surplus Production and Unequal Development in Latin America: A Comparative Study With the U.S. From a Political Economy Perspective; Juan Pablo Mateo
Chapter 6. From “Crypto-Alternatives” to a Regional Unit of Account: Monetary Proposals in Latin America for a Greater Shared Autonomy; Joaquín Arriola and Juan Barredo-Zuriarrain
PART III. PROFIT TODAY
Chapter 7. Multinational Firms’ Practices: An Attempt at a Marxist Theorization; Christian Palloix
Chapter 8. Profit Rates: Their Dispersion and Long Term Determination; William Paul Cockshott
Chapter 9. Elements for a Study of the Profit Rate: France, 1896-2018; Weinan Ding, Zhiming Long, and Rémy Herrera
PART IV. CAPITAL TODAY
Chapter 10. Fictitious Capital, Fictitious Profits, and Their Extreme Fetishism; Mauricio de Souza Sabadini and Gustavo Moura de Cavalcanti Mello
Chapter 11. Crisis and Fictitious Capital ; Rosa Maria Marques and Paulo Nakatani
Chapter 12. Money, Fictitious Capital and Cryptocurrencies: Their Impact on the World Economy; Ernesto Molina Molina
