By Michael Charles Howard, John Edward King
The first quantity of this severe heritage covers the social, political, and theoretical forces in the back of the advance of Marxian economics from Marx's loss of life in 1883 until eventually 1929, the yr marking the onset of Stalin's "revolution from above," which accordingly remodeled the Soviet Union right into a glossy superpower. in the course of those years, Marxists in either Russia and Germany came upon their monetary rules inextricably associated with useful political difficulties, and handled idea as a consultant to motion. This e-book systematically examines the $64000 theoretical literature of the interval, together with insightful works by way of political functionaries outdoor academia--journalists, celebration organizers, underground activists, and lecturers within the exertions movement--presented right here because the basic forgers of Marxian financial thought.
Beginning with Engels's writings, this e-book analyzes the paintings of best Marxist economists within the moment foreign, then concludes with a evaluate of the highbrow activities in the Marxian political economic climate throughout the Nineteen Twenties. A moment quantity treating the interval from 1929 to the current will follow.
Originally released in 1989.
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Extra info for A History of Marxian Economics, Volume I: 1883-1929
25 Both the defects in content and the dreadfully tortuous style lend weight to this denial. Schmidt begins by dividing gross output into two parts: that needed for production and represented by constant and variable capital, and the surplus product. The crucial problem is to determine the price at which the surplus product is sold. The establishment of an equal rate of profit entails that the price of the surplus product of each capitalist must be proportional to the capital advanced, and must therefore differ from the quantity of labour embodied in it.
You suppose in your formula that every manufacturer keeps all the surplus value which he, in the first hand, appropriates. Now upon that supposi tion, merchants' capital and bankers' capital would be impossible, because they would not make any profit. The profit of a manufacturer therefore cannot represent all the surplus value he has extracted from his workmen. On the other hand, your formula may serve to calculate approximately the composition of different capitals in different industries. I say may, because I have not at this moment materials at hand from which to verify the theoretical formula established by you.
5-6. 2. V. L. Lidtke, The Outlawed Party Social Democracy in Germany 1878-1890 (Princeton: Princeton University Press, 1966) p. 171. Evidently there was no personal animosity between Engels and Meyer, who was his frequent guest in London in the 1880s. See E. Bernstein, My Years of Exile (London: Leonard Parsons. 1921) p. 196. 3. K. Kautsky, 'Das "Kapital" von Rodbertus', 'Eine Replik", 'Schlusswort', Die Seue Zeir. 2, 1884, pp. 337-50, 385-402, 494-505, and 3, 1885, pp. 224-32; C. A. Schramm, 'Karl Kautsky und Rodbertus', 'Antwort an Herrn.
A History of Marxian Economics, Volume I: 1883-1929 by Michael Charles Howard, John Edward King