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Understanding Capital: Marx's Economic Theory
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Bibliographic Detail
Publisher Harvard Univ Pr
Publication date November 23, 1986
Binding Paperback
Book category Adult Non-Fiction
ISBN-13 9780674920880
ISBN-10 0674920880
Dimensions 0.50 by 6 by 9.50 in.
Weight 0.60 lbs.
Original list price $35.50
Other format details university press
Summaries and Reviews
Amazon.com description: Product Description:

Understanding Capital is a brilliantly lucid introduction to Marxist economic theory. Duncan Foley builds an understanding of the theory systematically, from first principles through the definition of central concepts to the development of important applications. All of the topics in the three volumes of Capital are included, providing the reader with a complete view of Marxist economics.

Foley begins with a helpful discussion of philosophical problems readers often encounter in tackling Marx, including questions of epistemology, explanation, prediction, determinism, and dialectics. In an original extension of theory, he develops the often neglected concept of the circuit of capital to analyze Marx's theory of the reproduction of capital. He also takes up central problems in the capitalist economy: equalization of the rates of profit (the "transformation problem"); productive and unproductive labor and the division of surplus value; and the falling rate of profit. He concludes with a discussion of the theory of capitalist crisis and of the relation of Marx's critique of capitalism to his conception of socialism.

Through a careful treatment of the theory of money in relation to the labor theory of value, Foley clarifies the relation of prices to value and of Marx's categories of analysis to conventional business and national income accounts, enabling readers to use Marx's theory as a tool for the analysis of practical problems. The text is closely keyed throughout to the relevant chapters in Capital and includes suggestions for further reading on the topics discussed.



Editions
Hardcover
from Harvard Univ Pr (November 1, 1986)
9780674920873 | details & prices | 6.50 × 9.75 × 0.75 in. | 1.00 lbs | List price $55.00
About: Understanding Capital is a brilliantly lucid introduction to Marxist economic theory.
Paperback
Book cover for 9780674920880
 
The price comparison is for this edition
from Harvard Univ Pr (November 23, 1986)
9780674920880 | details & prices | 6.00 × 9.50 × 0.50 in. | 0.60 lbs | List price $35.50
About: Understanding Capital is a brilliantly lucid introduction to Marxist economic theory.

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