An Introduction to Marxist Economic TheoryPathfinder Press, 1973 - 78 pages "An introduction to Marxist economic theory gives a concise explanation of elementary principles of Marxist economics. It lays bare the contradictions that have plagued capitalism since its inception, such as the concentration of wealth in fewer and fewer hands, periodic economic crises caused by over-production, the tendency of the average rate of profit to fall, and the worldwide growth of the working class, which has the potential to overthrow this declining social system. Written at a time of capitalist economic expansion in the mid-1960s, this book pinpoints trends that have continued to gather force. haunting the private profit system world-wide." Back cover. |
Contents
INTRODUCTION by George Novack | 3 |
Determination of the ExchangeValue of Commodities | 17 |
The Origin and Nature of SurplusValue | 23 |
Copyright | |
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Common terms and phrases
amortization armament average productivity bourgeois class bourgeoisie buying power capi capitalist countries capitalist mode capitalist society capitalist system cent century coal competition composition of capital consequently constant capital consumer consumption cost crises crisis deferred wage demand division of labor duction enterprises Ernest Mandel exchange exchange-value exist expansion fact fixed capital fundamental human labor income policies industrial branch investment labor productivity labor-power labor-time law of value long-term cycle managed economy Marx's Marxist economic theory mass means of production Middle Ages mode of production monopoly national income neo-capitalism organic composition period phase plants productivity of labor profit rate proletarian quantity of labor rate of profit raw materials recession of 1953 reduced sell serf small-scale commodity production social class social surplus product socialist socially necessary labor subsistence superprofits supplementary surplus-value produced talist techniques technological revolution tendency theory of value tion transformation use-value Western Europe work-hours workers