The book presents a rigorous reconstruction of Ricardo's contribution to economic theory and a unifying interpretation of the key issues of Ricardo's research. Part One deals primarily with the problems of value and distribution Part Two deals specifically with the issues of distribution and...

From his early economic works on, Marx conceived the labour of any kind of society as a set of production activities and analysed the historical modes of production as specific ways of distributing and exchanging these activities. Political economy on the contrary considers the labour only under...

The traditional Marxian picture of a two-class polarisation seems far removed from today's diverse society. Re-examining the very foundations of the Marxian theory in the process, the author argues that important critiques can fruitfully be understood and to accomplish the goal, he extends the...

Expert direction on interpretation and application of standards of value Written by Jay Fishman, Shannon Pratt, and William Morrison-three renowned valuation practitioners-Standards of Value, Second Edition discusses the interaction between valuation theory and its judicial and regulatory...

This paper offers a framework for understanding the financial system using Marx’s theory of value. It examines how to interpret the Marxist concepts of the rate of profit and fictitious capital when analysing the financial sector, showing how accounting terms such as ‘return on equity’ and...

Long prone to dogmatic disagreement, the question of value in Marx's thought-what value is, the purpose it serves, its application to real-world capitalism-requires renewal if Marx's work is to remain vibrant. In Value in Marx, George Henderson offers a lucid rereading of Marx that strips value...