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The Elgar Companion to Marxist Economics

Edited by Ben Fine, Professor of Economics and Alfredo Saad-Filho, Professor of Political Economy, School of Oriental and African Studies, University of London, UK with Marco Boffo, PhD candidate, School of Oriental and African Studies, University of London, UK
This Companion takes stock of the trajectory, achievements, shortcomings and prospects of Marxist political economy. It reflects the contributors’ shared commitment to bringing the methods, theories and concepts of Marx himself to bear across a wide range of topics and perspectives, and it provides a testimony to the continuing purpose and vitality of Marxist political economy.
Extent: 432 pp
Hardback Price: £149.00 Web: £134.10
Publication Date: 2012
ISBN: 978 1 84844 537 6
Availability: In Stock
Paperback Price: £41.00 Web: £32.80
Publication Date: 2013
ISBN: 978 1 78100 198 1
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  • Economics and Finance
  • Radical and Feminist Economics
This Companion takes stock of the trajectory, achievements, shortcomings and prospects of Marxist political economy. It reflects the contributors’ shared commitment to bringing the methods, theories and concepts of Marx himself to bear across a wide range of topics and perspectives, and it provides a testimony to the continuing purpose and vitality of Marxist political economy.

As a whole, this volume analyzes Marxist political economy in three areas: the critique of mainstream economics in all of its versions; the critical presence of Marxist political economy within, and its influence upon, each of the social science disciplines; and, cutting across these, the analysis of specific topics that straddle disciplinary boundaries. Some of the contributions offer an exposition of basic concepts, accessible to the general reader, laying out Marx’s own contribution, its significance, and subsequent positions and debates with and within Marxist political economy. The authors offer assessments of historical developments to and within capitalism, and of its current character and prospects. Other chapters adopt a mirror-image approach of pinpointing the conditions of contemporary capitalism as a way of interrogating the continuing salience of Marxist analysis.

This volume will inform and inspire a new generation of students and scholars to become familiar with Marxist political economy from an enlightened and unprejudiced position, and to use their knowledge as both a resource and gateway to future study.
'This will be a valuable resource for scholars, many in fields outside economics, for whom Karl Marx remains such vibrant presence that he is still read and reread in small study groups. It is hard to imagine making any progress in understnading modern capitalise without at least some knowledge of teh basic categories and analytic language provided by Marxian political economy. Space did not permit mention of the many other stimulating chapters in this collection but they convery well that knowledge and language.'
– Thomas R. Michl, Journal of the History of Economic Thought

‘This book is a valuable contribution for everyone with an interest in understanding the theory and application of Marxist analysis. It goes well beyond just repeating or explaining what Marx wrote, or even what he had intended. Instead, each of the 61 essays collected in this volume explores a difference subject, some of which, such as Analytical Marxism, neoliberalism, and radical political economy in the USA, only arose long after Marx’s lifetime. . . This book deserves close attention, not just as an academic exercise, but rather as a tool to make sure that Marxist theory again becomes a vital part of wider social, political, and economic discourse, potentially contributing to moving the world a bit closer to Marx’s original vision.’
– Michael Perelman, Science & Society

‘The Elgar Companion to Marxist Economics is an admirable collection which contains 61 short articles on a myriad of themes within Marxist economics, and from a selection of experts in the field. . . . Simon Mohun provides an accurate account of the difference between productive and unproductive labour in Marxist terms, particularly with regard to the non-productive ‘state sector’ and the domestic sphere. Ben Fine provides an excellent account of the Labour theory of value. Tony Smith offers a penetrating critique of the ‘new economy perspective’. Prabhat Patnaik provides a perspicuous and refreshing take on Lenin which reinstates the libertarian aspect of his thought and provides a clarification of his theory of imperialism. Many of the other articles I have failed to reference set an equally high standard.’
– Tony Mckenna, Marx & Philosphy
Contributors: G. Albo, R. Albritton, D. Ankarloo, S. Ashman, A.J. Ayers, R. Balakrishnan, J. Banaji, S. Bisnath, M. Boffo, T.J. Byres, A. Campbell, P. Cerni, P. Chattopadhyay, S. Clarke, A. Colás, G.C. Comninel, M. Di Meglio, P.L. dos Santos, G. Duménil, B. Fine, J. Ghosh, G.H. Gimm, H. Goodacre, B. Gruffydd Jones, B. Harriss-White, K. Hart, M. Itoh, H. Jeon, B. Jessop, D. Johnston, R. Kiely, S. Knafo, D. Laibman, D. Lévy, D. Lo, T. Marois, P. Masina, S.D. Mavroudeas, D. Milonakis, S. Mohun, S. Newman, P. Patnaik, U. Patnaik, L. Pradella, H. Radice, A. Saad-Filho, S. Savran, G. Slater, T. Smith, E. Swyngedouw, B. Tinel, A. Toscano, J. Weeks, E.M. Wood, A. Zack-Williams, P. Zarembka, Y. Zhang
Contents:

Introduction
Ben Fine and Alfredo Saad-Filho

1. Accumulation of Capital
Paul Zarembka

2. The Agrarian Question and the Peasantry
Terence J. Byres

3. Analytical Marxism
Marco Boffo

4. Anthropology
Keith Hart

5. Capital
Jayati Ghosh

6. Capitalism
Ellen Meiksins Wood

7. Centrally Planned Economy
Dic Lo and Yu Zhang

8. Class and Class Struggle
Utsa Patnaik

9. Classical Political Economy
Hugh Goodacre

10. Combined and Uneven Development
Sam Ashman

11. Commodification and Commodity Fetishism
Robert Albritton

12. Competition
Paresh Chattopadhyay

13. Consumerism
Paula Cerni

14. Contemporary Capitalism
Greg Albo

15. Crisis Theory
Simon Clarke

16. Dependency Theory
John Weeks

17. Ecology and the Environment
Barbara Harriss-White

18. Economic Reproduction and the Circuits of Capital
Ben Fine

19. Exploitation and Surplus Value
Ben Fine

20. Feminist Economics
Radhika Balakrishnan and Savitri Bisnath

21. Feudalism
George C. Comninel

22. Finance, Finance Capital and Financialization
Thomas Marois

23. Friedrich Engels
Paresh Chattopadhyay

24. Geography
Erik Swyngedouw

25. Global Commodity Chains and Global Value Chains
Susan Newman

26. Globalization and Imperialism
Ray Kiely

27. International Political Economy
Alejandro Colás

28. Karl Marx
Lucia Pradella

29. Knowledge Economy
Heesang Jeon

30. Labour, Labour Power and the Division of Labour
Bruno Tinel

31. Labour Theory of Value
Ben Fine

32. Market Socialism
Makoto Itoh

33. Marx and Underdevelopment
Mauro Di Meglio and Pietro Masina

34. Marxism and History
George C. Comninel

35. Method of Political Economy
Branwen Gruffydd Jones

36. Mode of Production
Jairus Banaji

37. Money
Paulo L. dos Santos

38. Neoliberalism
Gérard Duménil and Dominique Lévy

39. Neoclassical Economics
Dimitris Milonakis

40. Neo-Ricardianism
Sungur Savran

41. New Technology and the ‘New Economy’
Tony Smith

42. Political Science
Alison J. Ayers

43. Population and Migration
Deborah Johnston

44. Productive and Unproductive Labour
Simon Mohun

45. Race
Alfred Zack-Williams

46. Radical Political Economy in the USA
Al Campbell

47. The Rate of Profit
Simon Mohun

48. The Regulation Approach
Stavros D. Mavroudeas

49. Rent and Landed Property
Erik Swyngedouw

50. The Social Structures of Accumulation Approach
Stavros D. Mavroudeas

51. Socialism, Communism and Revolution
Al Campbell

52. Sociology
Alberto Toscano

53. The State
Bob Jessop

54. ‘Transformation Problem’
Alfredo Saad-Filho

55. The Transition from Feudalism to Capitalism
David Laibman

56. Transnational Corporations
Hugo Radice

57. Unemployment
Gary Slater

58. Value-form Approach
Samuel Knafo

59. Vladimir I. Lenin
Prabhat Patnaik

60. The Welfare State
Daniel Ankarloo

61. World Economy
Gong Hoe Gimm

References

Index