This book provides a comprehensive exposition and appraisal of Marx's political economy, beginning with the philosophical and sociological foundations of his work and indicating how his economic theory emerged from a critique of classical political economy. The authors proceed to examine in detail the theory of exploitation, capitalist development and imperialism, and pay special attention to the analysis of Marx by later social and economic theorists, including an assessment of the modern relevance of his work.
The authors' position is one of critical sympathy. They share Marx's hostility to capitalism and his view of economics as a historical social science but, at the same time, they see his work as susceptible to error and in need of refinement. Serious flaws as well as important oversights are revealed; nevertheless, it is argued that Marx's overall perspective provides a rational alternative to orthodox economic analysis. No prior knowledge of Marxism or of advanced economic theory is assumed, the book proceeds logically from first principles and mathematical analysis has been kept to a minimum.
"The Political Economy of Marx" will be a valuable book for anyone concerned with understanding Marxism as a political force, particularly students, teachers and researchers in political economy, the history of economic thought, political theory and sociology.
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"A splendid work of history that expands our understanding and appreciation of New York City . . . a concise, clear, and meaningful guidebook covering New York's long past."-"Journal of American History",
"Here, as in New York itself, may be found everything and everyone, from the first inept Dutch leader, William Verhulst, to the number of saloons in 1820, to the budget debacles of the 1970s."-"The New York Times Book Review",
"Lankevich has done the near-impossible and packed almost four centuries of New York City into one slim history . . . a deft survey."-New York History,
M.C. Howard is Associate Professor of Economics at the University of Waterloo, Canada. J.E. King is Senior Lecturer in Economics at the University of Lancaster.
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