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The economics of Karl Marx : analysis and application
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The economics of Karl Marx : analysis and application

Samuel Hollander

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Contents

Capital : principle features of the Marxian "canon"
Value and distribution
On "demand-supply" analysis
The transformation of values into prices: formal analysis
The transformation and the allocation mechanism
Competition constrained : land scarcity and firm size
On "market value" and competition
The inverse wage-profit relation and profit-rate equalization
Materials, the luxury-goods sector and the general profit rate
The rate of surplus value as endogenous variable
More on final demand and distribution
Marx's strategy
The Baumol-Samuelson debate
Elements of growth theory
Setting the stage : stationary reproduction as circular-flow process
Capital accumulation
Determinants of the rate of accumulation
The "simple reproduction" scheme
The "extended reproduction" scheme
Economic growth and the falling real-wage trend
The falling wage trend
The subsistence wage and the value of labor power
The falling wage trend and population growth
The industrial Reserve Army and cyclical wage fluctuations
Inter-sectoral labor movements
The participation rate
Objections to Malthus
Economic growth and the falling rate of profit
The basic analysis
The conditions for a falling rate of profit
Increasing rate of surplus value and cheapening of constant capital
The limited impact of a rising rate of surplus value
Implications of differential rates of productivity increase
Technical progress and the falling profit rate : an overview
On secular underconsumption
On the significance of the falling profit rate
The cyclical dimension
The cyclical chronology
Trend and cycle : causal mechanisms
The raw material constraint and upper turning point
The labor constraint and upper turning point
The monetary dimension
A note on the "echo effect"
Inter- and intra-departmental imbalance
Origins: marx in the 1840s
Marx's economics 1843-45
Price theory
Wage-rate and profit-rate trends
The private property system : Ricardo as bete noire
On aggregate demand and "overproduction"
In partial defence of Proudhon
Objections to Friedrich list
"First draft" of Capital 1847
49
Allocation and cost price : the labor theory
Differential rent
Labor as commodity
On "labor power" and the source of surplus value
The inverse wage-profit relation
The falling real-wage trend
Increasing organic composition, demographic patterns and the Reserve Army
Profit-rate determination : "competition of capitals"
Labor and free trade : on Marx's Ricardian bonafides
"Second draft" of capital : the Grundrisse 1857-1858
1857-58 I : surplus value
The basic doctrine
Surplus value and the transition to growth
Elements of a growth model : productivity increase, population growth and the reserve of unemployed
The falling rate of profit
The "transformation"
A Marxian "reply" to Bohm-Bawerk
Surplus value : matters of timing and indebtedness
On Ricardo and surplus value : an excursus
1857-58 II : on value realization and the overproduction problem
Capital turnover : a circular-flow process
Value realization and overproduction
On the law of markets and the overproduction literature
On working-class consumption
"Third draft" of Capital : the economic manuscripts, 1861- 63
1861-1863 I : surplus value profit, rent, and interest
Profit-rate equalization and the transformation
The transformation aborted: absolute rent and the priority of the industrial sector
The falling rate of profit
Materials costs, the luxury sector and the general profit rate
The rate of interest
Commercial capital and the surplus-value doctrine
1861-1863 II : sectorial analysis, accumulation, and stability
Sectoral analysis and the constant capital "riddle"
Conditions for "continuous" accumulation
On overproduction
The secular-cyclical nexus
Sources of cyclical instability
The recovery process : corrective mechanisms
On the overproduction literature
186-63 III : the labor market.

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The economics of Karl Marx : analysis and application by Samuel Hollander. ISBN 9780521793995. Published by Cambridge University Press in 2008. Publication and catalogue information, links to buy online and reader comments.

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