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In Law of Value and Theories of Value, Tiago Camarinha Lopes presents the genesis of Karl Marx’s understanding of the law of value by showing that the labor theory of value of utopian socialists and the utility theory of value of the Marginalist Revolution are equally hit by Marx’s Critique of Political Economy.
Following Marx’s distinction between classical and vulgar economy, Camarinha explains the difference between a reactionary and a progressive strand in the world of non-Marxian economics. Commonly portrayed as a dated work targeting the general framework of economic thought of the 19th century, Das Kapital appears here as the blueprint for the ongoing construction of economic science of the working class in any period of History.
Following Marx’s distinction between classical and vulgar economy, Camarinha explains the difference between a reactionary and a progressive strand in the world of non-Marxian economics. Commonly portrayed as a dated work targeting the general framework of economic thought of the 19th century, Das Kapital appears here as the blueprint for the ongoing construction of economic science of the working class in any period of History.
Price: $196.00
Pages: 228
Publisher: Brill
Imprint: Brill
Publication Date:
27 January 2022
ISBN: 9789004504219
Format: Hardcover
Tiago Camarinha Lopes, Ph.D. (2015), Universidade Federal de Uberlândia, is Professor of Economics at Universidade Federal de Goiás, Brazil. His publications on value theory include Reviving the Cambridge Controversy by Combining Marx with Sraffa (World Review of Political Economy, 2013) and Technical or political? The socialist economic calculation debate (Cambridge Journal of Economics, 2021).