Understanding Capital: Marx's Economic Theory download epub
by Duncan K. Foley
Duncan Foley builds an understanding of the theory systematically, from first principles through the definition of central concepts to the development of important applications.
Duncan Foley builds an understanding of the theory systematically, from first principles through the definition of central concepts to the development of important applications. Foley begins with a helpful discussion of philosophical problems readers often encounter in tackling Marx, including questions of epistemology, explanation, prediction, determinism, and dialectics.
Bibliography: p. Includes index. This book is intended to be a guide to fundamental passages in Marx's writings on economics and to the overall structure of Marx's economic ideas.
Duncan K. Foley (born June 15, 1942) is an American economist. Previously, he was Associate Professor of Economics at MIT and Stanford, and Professor of Economics at Columbia University (Barnard College and Columbia University Graduate Faculty of Arts and Sciences)
Duncan Foley builds an understanding of the theory systematically.
Duncan Foley builds an understanding of the theory systematically.
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Marx's Economic Theory. Adam's Fallacy: A Guide to Economic Theology - by Duncan K. Foley. Marx's Economic Theory. The development of Marx's economic theory. Marx's Theory of the Crisis. Marx's Theory of History.
Science and Society 52 (1):124-126 (1988). This article has no associated abstract. Social and Political Philosophy. categorize this paper).
Duncan Foley builds an understanding of the theory systematically, from first principles through the definition of central concepts to the development of important applications
Duncan Foley builds an understanding of the theory systematically, from first principles through the definition of central concepts to the development of important applications.
Fixing the point: the contribution of early game theory to the tool-box of modern economics.
Cambridge, Massachusetts: Harvard University Press. Fixing the point: the contribution of early game theory to the tool-box of modern economics. Journal of Economic Methodology.
Understanding Capital is a brilliantly lucid introduction to Marxist economic theory. Duncan Foley builds an understanding of the theory systematically, from first principles through the definition of central concepts to the development of important applications. All of the topics in the three volumes of Capital are included, providing the reader with a complete view of Marxist economics.
Foley begins with a helpful discussion of philosophical problems readers often encounter in tackling Marx, including questions of epistemology, explanation, prediction, determinism, and dialectics. In an original extension of theory, he develops the often neglected concept of the circuit of capital to analyze Marx's theory of the reproduction of capital. He also takes up central problems in the capitalist economy: equalization of the rates of profit (the "transformation problem"); productive and unproductive labor and the division of surplus value; and the falling rate of profit. He concludes with a discussion of the theory of capitalist crisis and of the relation of Marx's critique of capitalism to his conception of socialism.
Through a careful treatment of the theory of money in relation to the labor theory of value, Foley clarifies the relation of prices to value and of Marx's categories of analysis to conventional business and national income accounts, enabling readers to use Marx's theory as a tool for the analysis of practical problems. The text is closely keyed throughout to the relevant chapters in Capital and includes suggestions for further reading on the topics discussed.

ISBN: 0674920880
Category: Other
Subcategory: Social Sciences
Language: English
Publisher: Harvard University Press (November 23, 1986)
Pages: 200 pages
Comments: (7)