Analytical Foundations of Marxian Economic Theory - Hardcover

Roemer, John E.

Hardcover

ISBN 10: 0521230470 ISBN 13: 9780521230476

Publisher: Cambridge University Press, 1981

Synopsis

Professor Roemer's goal in this book is to give a rigorous view of classical Marxian economic theory by presenting specific analytic models. The theory is not extended to deal with new problems, but it is deepened: Marxian theory is given micro-foundations and upon those foundations the author begins to rebuild a tightly constructed Marxian economics. The book begins, after a methodological introduction, with an examination of the Marxian notion of equilibrium and the theory of exploitation, and goes on to deal with the theory of the falling rate of profit. The next section explores one of the points made in the first section of the book, that the Marxian theory of exploitation can be constructed completely independently of the labor theory of value as a theory of exchange. Technical study of this problem allows comment on various issues, such as the relative importance of 'marginal utilities' and 'class struggle' in determining relative prices. The final part examines models of various Marxian concepts.

About this title

Book Description

Professor Roemer's goal in this book is to give a rigorous view of classical Marxian economic theory by presenting specific analytic models. The theory is not extended to deal with new problems, but it is deepened: Marxian theory is given micro-foundations and upon those foundations the author begins to rebuild a tightly constructed Marxian economics.

Edition details

• Publisher: Cambridge University Press
• Publication date: 1981
• ISBN 10: 0521230470
• ISBN 13: 9780521230476
• Binding: Hardcover
• Language: English
• Number of pages: 231