Free PDF Analytical Foundations of Marxian Economic Theory, by John E. Roemer
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Analytical Foundations of Marxian Economic Theory, by John E. Roemer
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Professor Roemer's goal in this book is to give a rigorous view of classical Marxian economic theory by presenting specific analytic models. The theory is not extended to deal with new problems, but it is deepened: Marxian theory is given micro-foundations and upon those foundations the author begins to rebuild a tightly constructed Marxian economics. The book begins, after a methodological introduction, with an examination of the Marxian notion of equilibrium and the theory of exploitation, and goes on to deal with the theory of the falling rate of profit. The next section explores one of the points made in the first section of the book, that the Marxian theory of exploitation can be constructed completely independently of the labor theory of value as a theory of exchange. Technical study of this problem allows comment on various issues, such as the relative importance of "marginal utilities" and "class struggle" in determining relative prices. The final part examines models of various Marxian concepts.
- Sales Rank: #2685478 in Books
- Brand: Brand: Cambridge University Press
- Published on: 1989-01-27
- Original language: English
- Number of items: 1
- Dimensions: 8.98" h x .55" w x 5.98" l, .73 pounds
- Binding: Paperback
- 236 pages
- Used Book in Good Condition
Most helpful customer reviews
6 of 7 people found the following review helpful.
A must-have, best with books taking different positions
By D. Tavani
The book collects Roemer's early papers about Marxian Economic Theory. Roemer presents and extends the famous results by Morishima and Okishio, and adds his own insights on the theory of class and exploitation. Following Steedman, Roemer discredits the labor theory of value as unnecessary to account for exploitation.
The analytical rigor in treating the subject is among the things that make the book worth buying for anyone interested in mathematical economics: sitting down with paper and pencil for a couple of months in reading the book will be a beautiful intellectual experience, and it will add a whole set of "weapons" to the neoclassically trained economist.
There is maybe too much emphasis on the equilibrium method. One might also want to know that there are several solutions to the transformation problem, not all reaching such destructive conclusions. To have a full analytical preparation on Marx, Roemer's book is best bought together with the books by Foley Understanding Capital: Marx's Economic Theory (much less challenging mathematically)
Money, Accumulation and Crisis (Fundamentals of Pure and Applied Economics, Vol 2) (hard going).
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