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Aristotle, Adam Smith and Karl Marx; on some fundamental issues in 21st century political economy.

9781848447639

Aristotle, Adam Smith and Karl Marx; on some fundamental issues in 21st century political economy.

Pack, Spencer J.

Edward Elgar Publishing

2010

260 pages

$125.00

Hardcover

HB171

In this work, Pack (economics, Connecticut College) offers an exploration of the theoretical systems of Aristotle, Adam Smith, and Karl Marx, organized with little deviation around "six key concepts: exchange value, money, capital; character, government and change." The three chapters in part 1 include discussions of Aristotle's thoughts on money, exchange value, capital (or "chrematistics"), justice, and the role and tendencies of government. Part 2 introduces Smith's views on the key concepts, noting (among other areas of disagreement) divergences from Aristotle's position regarding the "unnaturalness" of capitalism and commercial society. Part 4 develops the idea of Marx's critique of political economy as something of a return to Aristotle, while comparing and contrasting the views of all three figures. The concluding section continues the comparisons and aims insights from the discussion at contemporary issues.

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Publication:Reference & Research Book News
Article Type:Book review
Date:Nov 1, 2010
Words:169
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