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  3. Analytical Foundations of Marxian Economic Theory
  • Cited by 194
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    • Publisher:
      Cambridge University Press
      Publication date:
      September 2009
      August 1981
      ISBN:
      9780511528286
      9780521347754
      DOI:
      https://doi.org/10.1017/CBO9780511528286
      Dimensions:
      Weight & Pages:
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.357kg, 236 Pages
      • Subjects:
      Economics, Economic Thought, Philosophy and Methodology, Macroeconomics
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    Subjects:
    Economics, Economic Thought, Philosophy and Methodology, Macroeconomics
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    Book description

    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.

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