Routledge Handbook of Marxian Economics

457 Pages·2017·3.71 MB·English

by  David M. Brennan

ROUTLEDGE HANDBOOK
OF MARXIAN ECONOMICS
Mostdevelopedeconomiesarecharacterizedbyhighlevelsofinequalityandaninabilityto
providestabilityoropportunityformanyoftheircitizens.Mainstreameconomicshasproven
tobeoflittleassistanceinaddressingthesesystemicfailures,andthishasledbothscholars
andstudentstoseekalternatives.OnesuchalternativeisprovidedbyMarxianeconomics.In
recentdecadesthefieldhasseentremendoustheoreticaldevelopmentandMarxianperspec-
tiveshavebeguntoappearinpublicdiscourseinunprecedentedways.
Thishandbookcontainsthirty-sevenoriginalessaysfromawiderangeofleadinginterna-
tionalscholars,recognizedfortheirexpertiseindifferentareasofMarxianeconomics.Itsscope
is broad, ranging from contributions on familiar Marxist concepts such as value theory,
the labor process, accumulation, crisis and socialism, to others not always associated with
the Marxian canon, like feminism, ecology, international migration and epistemology. This
breadth of coverage reflects the development of Marxian economic and social theory, and
encompassesboththehistoryandthefrontiersofcurrentscholarship.Thishandbookprovides
anextensivestatementofthecurrentshapeandfuturedirectionofMarxianeconomics.
The Routledge Handbook of Marxian Economics is an invaluable resource for students,
researchersandpolicymakersseekingguidanceinthisfield.Itisdesignedtoservebothasa
referenceworkandasasupplementarytextforclassroomuse,withapplicationsforcourses
ineconomics,sociology,politicalscience,management,anthropology,developmentstudies,
philosophyandhistory.
DavidM.BrennanisAssociateProfessorofEconomicsatFranklin&MarshallCollegein
Lancaster,PA,USA.
DavidKristjanson-GuralisProfessorofEconomicsandSeniorFellowoftheSocialJustice
CollegeatBucknellUniversity,PA,USA.
CatherineP.MulderisAssociateProfessorofEconomicsandtheProgramDirectoratJohn
JayCollege—CUNY,USA.
ErikK.OlsenisAssociateProfessorofEconomicsattheUniversityofMissouri—Kansas
City and Research Fellow at the Rutgers University School of Management and Labor
Relations,USA.
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ROUTLEDGE HANDBOOK OF
MARXIAN ECONOMICS
Edited by
David M. Brennan, David Kristjanson-Gural,
Catherine P. Mulder and Erik K. Olsen
Firstpublished2017
byRoutledge
2ParkSquare,MiltonPark,Abingdon,OxonOX144RN
andbyRoutledge
711ThirdAvenue,NewYork,NY10017
RoutledgeisanimprintoftheTaylor&FrancisGroup,aninformabusiness
©2017selectionandeditorialmatter,DavidM.Brennan,DavidKristjanson-Gural,
CatherineP.MulderandErikK.Olsen;individualchapters,thecontributors
TherightofDavidM.Brennan,DavidKristjanson-Gural,CatherineP.MulderandErikK.Olsen
tobeidentifiedastheauthorsoftheeditorialmaterial,andoftheauthorsfortheirindividual
chapters,hasbeenassertedinaccordancewithsections77and78oftheCopyright,Designs
andPatentsAct1988.
Allrightsreserved.Nopartofthisbookmaybereprintedorreproducedorutilisedinany
formorbyanyelectronic,mechanical,orothermeans,nowknownorhereafterinvented,
includingphotocopyingandrecording,orinanyinformationstorageorretrievalsystem,
withoutpermissioninwritingfromthepublishers.
Trademarknotice:Productorcorporatenamesmaybetrademarksorregisteredtrademarks,
andareusedonlyforidentificationandexplanationwithoutintenttoinfringe.
BritishLibraryCataloguinginPublicationData
AcataloguerecordforthisbookisavailablefromtheBritishLibrary
LibraryofCongressCataloginginPublicationData
Names:Brennan,DavidM.,editor.|Kristjanson-Gural,David,editor.|
Mulder,CatherineP.,editor.
Title:RoutledgehandbookofMarxianeconomics/editedbyDavidM.Brennan,
DavidKristjanson-Gural,CatherineP.MulderandErikK.Olsen.
Description:NewYork:Routledge,2017.|Includesindex.
Identifiers:LCCN2016043505|ISBN9781138774933(hardback)|
ISBN9781315774206(ebook)
Subjects:LCSH:Marxianeconomics.|Economicpolicy.|Socialpolicy.
Classification:LCCHB97.5.R6582017|DDC335.4--dc23
LCrecordavailableathttps://lccn.loc.gov/2016043505
ISBN:978-1-138-77493-3(hbk)
ISBN:978-1-315-77420-6(ebk)
TypesetinTimesNewRoman
byIntegraSoftwareServicePvt.Ltd.
Forourfriend,mentorandcolleaguewhosevision,wisdom
anddedicationtoMarxianeconomicsmadethishandbookpossible.
StephenA.Resnick
October24,1938–January2,2013
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CONTENTS
NotesonContributors xi
Preface xvii
DavidM.Brennan,DavidKristjanson-Gural,CatherineP.Mulderand
ErikK.Olsen
Acknowledgements xix
PARTI
DialecticsandMethodology 1
1 DialecticsandOverdetermination 3
AntonioCallari
2 Epistemology 14
JackAmariglioandDavidF.Ruccio
3 MarxianClassAnalysis 29
RichardD.Wolff
PARTII
AnalyticalandTheoreticalTopics 43
4 Exploitation 45
GuglielmoCarchedi
5 LaborandLaborPower 49
ErikK.Olsen
vii
Contents
6 AbstractLabor 59
BruceRoberts
7 Money 69
CostasLapavitsas
8 ValueandPrice 80
BruceRoberts
9 Capital 90
FredMoseley
10 TheCircuitofCapital 98
PauloL.dosSantosandDuncanK.Foley
11 Rent 111
FabianBalardini
12 ProductiveandUnproductiveLabor 122
ErikK.Olsen
13 Alienation 135
SeanSayers
14 PrimitiveAccumulation 144
RajeshBhattacharyaandIanJ.Seda-Irizarry
15 DemandandSociallyNecessaryLabor-time 155
DavidKristjanson-Gural
PARTIII
CapitalistProductionandReproduction 169
16 TheCapitalistFirm 171
DavidM.Brennan
17 MarxianTheoriesoftheLaborProcess:FromMarxtoBraverman 180
RichardMcIntyre
18 MarxianLaborProcessTheorysinceBraverman 188
RichardMcIntyre
19 Accumulation 198
BruceNorton
viii
Contents
20 MarxianReproductionSchemes 215
AndrewB.Trigg
21 TendencyoftheRateofProfittoFall:Long-termDynamics 225
AndrewKliman
22 BusinessCycles:Short-termDynamics 234
ErdoganBakirandAlCampbell
23 Neoliberalism 245
AlfredoSaad-Filho
24 Financialization 255
DickBryanandMichaelRafferty
PARTIV
Capitalism,Non-CapitalismandTransitions 267
25 ProductiveSelf-employmentinMarxism 269
SatyanandaGabriel
26 SocialismandCommunism 278
TheodoreBurczak
27 InternationalMigration 291
EsraErdemandMalihaSafri
28 AgricultureandtheAgrarianQuestion 300
ElizabethA.Ramey
29 EconomicDevelopment 310
AnjanChakrabartiandAnupDhar
30 Transition 323
AnjanChakrabartiandAnupDhar
PARTV
MarxianTraditions 337
31 Postmodernism 339
JackAmariglioandDavidF.Ruccio
ix