From the list on Marxian economic theory.
Who am I?
Being a Leftist, I started reading Capital as a student, back in the 1970s. I was impressed by Marx's analysis, emphasizing that capitalist relations of power appear as money generating more money, as a “thing” that functions as capital; furthermore, that credit functions as the most drastic form of money, so that the financial sphere is not a “parasitic” appendage of the “real economy”, but a mechanism for enforcing the “rules” of the system. As Professor of Political Economy since the late 1980s, I enjoy revealing to my students the structural contradictions of the system we live in. E.g., that the standard of living of the social majority (of the wage-earners) is (labour-)‘‘cost” of capital.
John's book list on Marxian economic theory
Discover why each book is one of John's favorite books.
Why did John love this book?
In a vivid and comprehensible way, Heinrich outlines the historical, economic, and social conditions for the emergence of Marx’s theory, the “Critique of Political Economy”.
He addresses its methodological foundations, and introduces the most important terms and concepts.
What actually is capitalism, and what is Marx’s dialectic all about? How is surplus value created? What is fetishism, and how does it relate to politics and the state?
Beyond that, Heinrich also asks about the topicality of Marx’s thought and the possibility of a “society beyond the commodity form”.
An Introduction to the Three Volumes of Karl Marx's Capital
Why should I read it?
1 author picked An Introduction to the Three Volumes of Karl Marx's Capital as one of their favorite books, and they share why you should read it.
What is this book about?
The global economic crisis and recession that began in 2008 had at least one unexpected outcome: a surge in sales of Karl Marx's Capital. Although mainstream economists and commentators once dismissed Marx's work as outmoded and flawed, some are begrudgingly acknowledging an analysis that sees capitalism as inherently unstable. And of course, there are those, like Michael Heinrich, who have seen the value of Marx all along, and are in a unique position to explain the intricacies of Marx's thought.
Heinrich's modern interpretation of Capital is now available to English-speaking readers for the first time. It has gone through nine…