Marx And Non-Equilibrium Economics
Edited by Alan Freeman, former Lecturer in Economics, University of Greenwich, UK and Guglielmo Carchedi, Hoofddocent, Faculty of Economics and Econometrics, University of Amsterdam, The Netherlands
Hardback £96.00 on-line price £86.40
This major volume develops a rigorous equilibrium-free political economy based on labour values. Rooted in a non-dualistic approach restoring money to its central role in a commodity economy, Marx and Non-Equilibrium Economics is the fruit of extensive international collaboration reflecting a profound critical reappraisal of Marx's theoretical work and its relation to modern economics.
Contents: Foreword (A. Freeman, G. Carchedi) Introduction 1. The Psychopathology of Walrasian Marxism (A. Freeman) 2. One System or Two? The Transformation of Values into Prices of Production Versus the Transformation Problem (T. McGlone, A. Kliman) 3. The Transformation of Values into Prices of Production: A Different Reading of Marx’s Text (A. Ramos-Martinez, A. Rodriguez-Herrera) 4. Money, the Postulates of Invariance and the Transformation of Marx into Ricardo (A. Rodriguez-Herrera) 5. Time, Money, Equilibrium: Methodology and the Labour Theory of the Profit Rate (M.I. Naples) 6. The Value of Money, the Value of Labour Power and the Net Product: An Appraisal of the ‘New Approach’ to the Transformation Problem (A. Saad-Filho) 7. The Transformation Procedure: A Non-Equilibrium Approach (A. Carchedi, W. de Haan) 8. Non-Equilibrium Market Prices (A. Carchedi) 9. Demand, Supply and Market Prices (P. Giussani) 10. A Value-Theoretic Critique of the Okishio Theorem (A. Kliman) 11. Price, Value and Profit – A Continuous, General, Treatment (A. Freeman) Bibliography Index