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Heinrich, Michael, 1957-
Kritik der politischen Ökonomie. English
An introduction to the three volumes of Karl Marx's Capital / by Michael Heinrich ; translated by Alexander Locascio
Alternate Title Three volumes of Karl Marx's Capital
Production, publication, distribution, manufacture, copyright New York : Monthly Review Press, ©2012
book jacket
Location Call Number Status
 3rd Floor  HB501.M37 H4513 2012    DUE 09-02-14 OFF CAMPUS
Subject Marx, Karl, 1818-1883. Kapital
Subject(s) Marxian economics
Physical Description 240 p. ; 22 cm
Note Translated from the German
"Originally published as Kritik der politischen Ökonomie: Eine Einführung by Schmetterling Verlag GmbH, Stuttgart, Germany, c2004, by Schmetterling Verlag GmbH."
Includes bibliographical references and index
Contents Capitalism and Marxism -- The object of critique in the Critique of political economy -- Value, labor, money -- Capital, surplus value, and exploitation -- The capitalist process of production -- The circulation of capital -- Profit, average profit, and the "law of the tendency of the rate of profit to fall" -- Interest, credit, and "fictitious capital" -- Crisis -- The fetishism of social relations in bourgeois society -- State and capital -- Communism : society beyond the commodity, money, and the state
Summary "The global economic crisis and recession that began in 2008 had at least one unexpected outcome: a surge in sales of Karl Marx's Capital. Although mainstream economists and commentators once dismissed Marx's work as outmoded and flawed, some are begrudgingly acknowledging an analysis that sees capitalism as inherently unstable. And of course, there are those, like Michael Heinrich, who have seen the value of Marx all along, and are in a unique position to explain the intricacies of Marx's thought
Heinrich's modern interpretation of Capital is now available to English-speaking readers for the first time. It has gone through nine editions in Germany, is the standard work for Marxist study groups, and is used widely in German universities. The author systematically covers all three volumes of Capital and explains all the basic aspects of Marx's critique of capitalism in a way that is clear and concise. He provides background information on the intellectual and political milieu in which Marx worked, and looks at crucial issues beyond the scope of Capital, such as class struggle, the relationship between capital and the state, accusations of historical determinism, and Marx's understanding of communism. Uniquely, Heinrich emphasizes the monetary character of Marx's work, in addition to the traditional emphasis on the labor theory of value, thus highlighting the relevance of Capital to the age of financial explosions and implosions."--pub. desc
NOTE 514359

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