Karl Marx and the Classics An Essay on Value Crises and the Capitalist Mode of Production _ John Milios

Karl Marx and the Classics

An Essay on Value, Crises and the Capitalist Mode of Production

John Milios, Dimitri Dimoulis and George Economakis 2002

Pages : 274

Preface vii

PART I: VALUE AND MONEY

1 Introduction: On the Object of Marx’s

“Critique of Political Economy” 3

2 Marx versus Ricardo (Marx’s Theory of Value) 13

3 Money and Capital (Marx’s Theory of Money and the Circuit of Capital) 36

PART II: THEORY OF VALUE AND IDEOLOGY

4 The Question of “Commodity Fetishism” 67

PART III: THEORY OF VALUE AND PRICES. MARX’S

AMBIVALENCE TOWARDS CLASSICAL POLITICAL ECONOMY

5 Social Capital and the General Rate of Profit 111

6 Theory of Value and Ground Rent

(Smith-Ricardo-Marx:Converges and Disputes) 131

PART IV: THE CIRCUIT OF SOCIAL CAPITAL, THE

PROFIT RATE AND THE ECONOMIC CRISES

7 The “Law of the Falling Tendency in the Rate of Profit” 145

8 The Historic Marxist Controversy on Economic Crises and its

Theoretical Significance 158

9 Defining a Marxist Theory of “Overaccumulation Crises” 190

10 Epilogue: On the Character of Marxian Theory,“Ricardian Marxism”

and the Role of F. Engels 206

Bibliography 215

Index 226