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Money and Totality: A Macro-Monetary Interpretation of Marx's Logic in Capital and the End of the 'Transformation Problem'.


Money and Totality: A Macro-Monetary Interpretation of Marx's Logic in Capital and the End of the 'Transformation Problem'

Fred Moseley



415 pages



Historical Materialism Book Series; Volume 104


This book argues that the standard critique of MarxAEs theory is a fundamental misinterpretation of both MarxAEs theory and of the logical method employed by Marx in constructing his theory, especially those parts of it that deal with the relationship between the total economy and individual industries. Part 1 presents the authorAEs original macro-monetary interpretation of MarxAEs logical method and the transformation problem. In Part 2, the author surveys and responds to other recent re-interpretations of MarxAEs theory and the transformation problem, covering standard interpretations, ShaikhAEs iterative interpretation, FoleyAEs new interpretation, temporal single system interpretation, the aerethinking MarxismAE interpretation, and the organic composition of capital interpretation. In the final chapter, the author replies to criticisms of his macro-monetary interpretation. The audience for the book includes Marxian scholars and graduate students in Marxian studies in various disciplines, especially economics. ([umlaut] Ringgold, Inc., Portland, OR)

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Article Type:Book review
Date:Jan 1, 2016
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