Marxian Economics: A Reappraisal: Volume 2: Essays on Volume III of Capital Profit, Prices and Dynamics

Front Matter....Pages i-xxv
Front Matter....Pages 1-1
Profitability, Prices and Values....Pages 3-13
Marx’s Logic in Capital and the ‘Transformation Problem’....Pages 14-28
Value, Exchange Value and the Internal Consistency of Volume III of Capital: A Refutation of Refutations....Pages 29-42
The Transformation Trinity: Value, Value Form and Price....Pages 43-56
Socially Contingent Value....Pages 57-69
Does Marx Need to Transform?....Pages 70-85
The Distinction between Social Value, Individual Value, Market Value and Market Price in Volume III of Capital....Pages 86-100
Time and Equilibrium in Neoclassical Price Theory and Volume III of Capital....Pages 101-115
Front Matter....Pages 117-117
Marx on Technological Change: The Ricardian Heritage....Pages 119-138
A General Refutation of Okishio’s Theorem and a Proof of the Falling Rate of Profit....Pages 139-162
Decentring the Marxian Debate over the Falling Rate of Profit: A New Approach....Pages 163-176
Destructive Creativity: Institutional Arrangements of Banking and the Logic of Capitalist Technical Change in the Perspective of Marx’s 1894 Law of Profit....Pages 177-193
Marx or Hicks? Structural Proportions and Crisis: The Transition from the First to the Third Volume of Capital....Pages 194-205
Front Matter....Pages 207-207
The Dynamics of Historical Tendencies in Volume III of Capital: An Application to the US Economy since the Civil War....Pages 209-224
The Empirical Strength of the Labour Theory of Value....Pages 225-251
Unproductive Labour and the Rate of Profit in Australia, 1966/67–1991/92....Pages 252-275
Burning Questions of an Old Book: Commodity Fetishism and Class Relations in Volume III of Capital....Pages 276-290
Profitability and the Persistence of Capitalism....Pages 291-303
Back Matter....Pages 305-318