Capitalist Macrodynamics A Systematic Introduction [Hardcover]

The Marxist theory of capitalist growth and transformation has often been shrouded in obscurity, either by endless recapitulation of Marx's texts or by excessive use of mathematical formalism. This short book presents an integrated and rigorous view of capitalist development - technical change, class relations, trends in the profit rate and share, cyclical and long-term crisis - in a form that is accessible to serious readers with or without prior training in economics or familiarity with Marxist thought.Preface and Acknowledgements - Introduction - A Conceptual Framework - A Simple Macro Production Model - The Classical Theory and Its Critique - Technical Change and the Profit Rate - The Capitalist Determination of Technical Change - The Consistent Path - A Thumbnail Sketch of Alternative Marxist Crisis Theories - Cyclical Crisis - Immanent Critical Tendencies and Secular Crisis - Multiple Sites and Comprehensive Crisis - References - Index

'Laibman provides a useful and accessible introduction to capitalist macrodynamics...This collection...should be essential reading for anyone interested in the philosophy of economics, as well as those interested in finding out the methodological implications of dialectics.' - Michale Williams, Eastern Economic Journal

DAVID LAIBMAN