Reclaiming Marx’s “Capital”

Description

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

By Andrew Kliman

Lexington Books, 2007. 250 pgs.

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.

Contents
Preface
1  Introduction: The Question of Internal Inconsistency
2  Marx’s Value Theory and Contending Interpretations
3  A Brief History of the Controversy
4  Making Marx Make Sense: On Interpretive Method
5  Simultaneism, Physicalism, and the Law of Value
6  Was Marx a Simultaneist?
7  The Falling Rate of Profit Controversy
8  The “Transformation Problem” (1): Marx’s Solution and Its Critics
9  The “Transformation Problem” (2):  If It Ain’t Broke, Don’t Correct It
10  The “Fundamental Marxian Theorem”
11  An Empirical Defense of the Law of Value?
12  Summary and Conclusions
Bibliography
Index
About the Author