[OPE-L:4733] "VALUE, CAPITALIST DYNAMICS AND MONEY", Vol.18, R.P.E., now published

From: Paul Zarembka (zarembka@ACSU.BUFFALO.EDU)
Date: Thu Dec 28 2000 - 13:41:54 EST


     R E S E A R C H     I N     P O L I T I C A L     E C O N O M Y

     Volume 18 (2000):   VALUE,  CAPITALIST  DYNAMICS  AND  MONEY

     "This volume begins with an introduction to Marx's theory of
capitalism in his own words, with his examples modernized from use of
shillings and pence as subdivisions of the Pound.  Well-known 1901 work on
the theory of crises in capitalism by Michael Tugan-Baranowsky is
translated into English for the first time, with a Preface placing it in
context.  The political activism and theoretical work of Henryk Grossman
through 1926 is summarized in some detail, and a rarely-known brief
article of his from 1919 included.

     "Ambiguity in Marx's definition of accumulation of capital and the
differing directions Lenin and Luxemburg took with it are next analyzed,
with a more precise definition offered.  Debate, begun in the last volume,
over the valuation of means of production and its effect on the
possibility of a falling tendency of the profit rate is taken a step
forward as contrasting positions are developed.  

     "Finally, credit money as an advanced form of money is analyzed and
the post-Keynesian analysis of it, originating from Kaldor, subject to
critique.  Several theories of inflation theory are reviewed, with focus
on the agencies causing inflation.  A rediscovery of Marxian inflation
theory is proposed."

NOTE: Marx's "Value, Price and Profit (Abridged)" is also on RPE Web site.

***********************************************************************
Paul Zarembka, editor, RESEARCH IN POLITICAL ECONOMY  at
******************** http://ourworld.compuserve.com/homepages/PZarembka


                                     C O N T E N T S

       PART I.  INTRODUCTION TO THE THEORY OF CAPITALISM

Value, Price, and Profit (Abridged): An Introduction to the Theory of
Capitalism  
  by Karl Marx (1865), edited by his daughter Eleanor Marx Aveling, 
  abridged and Preface by Paul Zarembka, SUNY at Buffalo 

       PART II.  TUGAN-BARANOWSKY, GROSSMAN, AND CAPITALIST CRISES

Studies on the Theory and the History of Business Crises in England,  Part
I: Theory and History of Crises  
  by Michael von Tugan-Baranowsky (1901), 
  translated and Preface by Alejandro Ramos-Martinez 
     Chapter 1: The Fundamental Causes of Crises in the Capitalist Economy
     Chapter 7: Marx's Theory of Crises 

Henryk Grossman as Marxist Activist and Theorist: On the 50th Anniversary
of his Death  
  by Rick Kuhn, Australian National University 

The Theory of Economic Crises 
  by Henryk Grossman (1919), 
  Preface by Rick Kuhn, Australian National University 

       PART III.  CONCEPTUALIZING ACCUMULATION AND THE PROFIT RATE

Accumulation of Capital, Its Definition: A Century after Lenin and
Luxemburg  
  by Paul Zarembka, SUNY at Buffalo, with 
  Appendix: Marginal Notes on Luxemburg's "The Accumulation of Capital" 
    by Vladimir Lenin (1913), translated by James Lawler and annotated by
      Paul Zarembka 

Two Concepts of Value, Two Rates of Profit, Two Laws of Motion  
  by Alan Freeman, University of Greenwich, and Andrew Kliman, Pace Univ.,

  with Appendix: On the Constancy of the MELT                 
     Two of Everything: A Response, by David Laibman, Brooklyn College 
     Response to Freeman and Kliman, by Duncan K. Foley, New School for
       Social Research
     Rejoinder, by Alan Freeman, University of Greenwich, and Andrew
       Kliman, Pace University 

Numerology, Temporalism, and Profit Rate Trends 
  by David Laibman, Brooklyn College 

       PART IV.  THEORY OF MONEY AND INFLATION

The Supply of Credit Money and Capital Accumulation: A Critical View of
Post-Keynesian Analysis  
  by Costas Lapavitsas and Alfredo Saad-Filho, University of London 

Inflation Theory: A Literature Review and New Research Agenda  
  by Alfredo Saad-Filho, University of London 

     362 Pages


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