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Understanding Capital : Marx’s Economic Theory by Duncan K. Foley is a nonfiction available to read on EtoBox.

What is Understanding Capital : Marx’s Economic Theory about?

__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

Who reads Understanding Capital : Marx’s Economic Theory?

Author

Duncan K. Foley

Publisher

Harvard University, Department of Sanskrit & Indian Studies

Published

1986

Language

EN

ISBN

9780674920873

Category

nonfiction

Subjects

Economics, Social Science, Finance