Marxian Political Economy: Theory, History and Contemporary Relevance

Author:   B. Milward
Publisher:   Palgrave Macmillan
ISBN:  

9780333749609


Pages:   219
Publication Date:   05 July 2000
Format:   Hardback
Availability:   In Print   Availability explained
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Marxian Political Economy: Theory, History and Contemporary Relevance


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Overview

This book challenges the notion that the Marxian approach is no longer relevant to the problems of contemporary society in the post-Soviet world. The first part of the book deals with the distinctive method of Marx's political economy, with an emphasis on its origins and the problems that arise out of misinterpretations of Capital . The second section applies this method to some of the key contemporary issues including unemployment, globalization and the crisis of the welfare state, and suggests that the approach of Marxist political economy remains a highly relevant and intellectually sound method of analysis.

Full Product Details

Author:   B. Milward
Publisher:   Palgrave Macmillan
Imprint:   Palgrave Macmillan
Dimensions:   Width: 14.00cm , Height: 2.00cm , Length: 21.60cm
Weight:   0.445kg
ISBN:  

9780333749609


ISBN 10:   033374960
Pages:   219
Publication Date:   05 July 2000
Audience:   Professional and scholarly ,  Professional and scholarly ,  Professional & Vocational ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Introduction PART I: THEORY AND HISTORY Marx's Method The Theory of Value Marx's Critique of Classical Political Economy The Transformation Problem The Dynamics of Capitalism Capital Accumulation and Technical Change The Tendency for the Rate of Profit to Fall and the Realisation Crisis Michal Kalecki and Piero Sraffa PART II: HISTORY AND CONTEMPORARY RELEVANCE Monopoly Capitalism Unemployment The Public Sector The Crisis of the Welfare State Conclusions Bibliography Index

Reviews

'This is a major contribution to political economy. The author states that his aim is to stimulate debate; he will surely succeed in this, but the book will do more than that. The book begins, logically by showing the importance of a Marxian analysis of current problems. As the author points out, the demise of state socialism does not diminish the need for radical analysis in an age of growing disparity of wealth in the works and one where even the richest countries repeatedly fall into depression. This sets the scene for an extended discussion of Marxian methodology, done in a way so that the jargon does not obliterate the clarity of expression as it does in so many books about Marx. This leads on to the second half of the book that applies the earlier analysis to contemporary problems. These include discussions on concentration in industry, unemployment, the role of the state and the crisis of the welfare state. This book is magisterial in its command of the issues, and this, combined with the fluency of the style, makes it the authoritative text in the field.' - Brian Atkinson, former Chair of the Economics and Business Education Association '[T]his book is both timely and necessary. It is timely because the re-examination of Marx as a serious thinker, untainted by the excesses perpetrated in his name, is now overdue and it is necessary if serious scholars are to rid themselves of the debilitating post-communist smugness and ignorance afflicting so many of them...In a rigorous, logically consistent, manner it leads us through the stages of capitalist development persuasively arguing the case for the inevitable crisis. This is certainly not a crass, sensationalist doomsday approach but a measured, subtle and serious work demonstrating an enviable mastery of its material. Oh, and I enjoyed reading it as well.' - Paul McKeown, Senior Lecturer in Economics, University of Central Lancashire 'His effort deserves our attention...' - Cheol-Soo Park, Review of Political Economy


'This is a major contribution to political economy. The author states that his aim is to stimulate debate; he will surely succeed in this, but the book will do more than that. The book begins, logically by showing the importance of a Marxian analysis of current problems. As the author points out, the demise of state socialism does not diminish the need for radical analysis in an age of growing disparity of wealth in the works and one where even the richest countries repeatedly fall into depression. This sets the scene for an extended discussion of Marxian methodology, done in a way so that the jargon does not obliterate the clarity of expression as it does in so many books about Marx. This leads on to the second half of the book that applies the earlier analysis to contemporary problems. These include discussions on concentration in industry, unemployment, the role of the state and the crisis of the welfare state. This book is magisterial in its command of the issues, and this, combined with the fluency of the style, makes it the authoritative text in the field.' - Brian Atkinson, former Chair of the Economics and Business Education Association '[T]his book is both timely and necessary. It is timely because the re-examination of Marx as a serious thinker, untainted by the excesses perpetrated in his name, is now overdue and it is necessary if serious scholars are to rid themselves of the debilitating post-communist smugness and ignorance afflicting so many of them...In a rigorous, logically consistent, manner it leads us through the stages of capitalist development persuasively arguing the case for the inevitable crisis. This is certainly not a crass, sensationalist doomsday approach but a measured, subtle and serious work demonstrating an enviable mastery of its material. Oh, and I enjoyed reading it as well.' - Paul McKeown, Senior Lecturer in Economics, University of Central Lancashire 'His effort deserves our attention...' - Cheol-Soo Park, Review of Political Economy


Author Information

BOB MILWARD is a Senior Lecturer in Economics at the University of Central Lancashire. He is co-author (with B.Atkinson and P.Baker) of Economic Policy and co-editor (with B.Atkinson and F.Livesey) of Applied Economics.

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