Reclaiming Marx’s “Capital”
A Refutation of the Myth of Inconsistency

by Andrew Kliman

This book seeks to reclaim Capital from the myth of internal inconsistency, a myth that serves to justify the censorship of Marx’s critique of political economy and present-day research based upon it. Andrew Kliman shows that the alleged inconsistencies are actually caused by misinterpretation. Written especially for the non-specialist reader, with the bare minimum of mathematics, Reclaiming Marx’s “Capital” introduces readers to Marx’s value theory and contrasting interpretations of it, the history of the controversy, and interpretive standards and methods. Kliman then surveys Marx’s falling-rate-of-profit theory, the relationship of prices to values, Marx’s exploitation theory of profit, and other topics. The book ends with a discussion of why the myth of inconsistency persists, and a call to set the record straight.

Published by Lexington Books, a division of Rowman & Littlefield, copyright 2007. Part of Lexington’s Raya Dunayevskaya Series in Marxism and Humanism.
250 pages. $23.00.

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May 28, 2010