Marxian Political Economy: Theory, History and Contemporary Relevance

Marxian Political Economy: Theory, History and Contemporary Relevance

by B. Milward


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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.

Product Details

ISBN-13: 9780333749609
Publisher: Palgrave Macmillan UK
Publication date: 07/05/2000
Edition description: 2000
Pages: 219
Product dimensions: 5.51(w) x 8.50(h) x (d)

About the Author

Bob Milward is Senior Lecturer in Economics, University of Central Lancashire.

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

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