(Ebook PDF) Explorations in Marx’s Theory of Price Why Marx Is Still Relevant for Understanding the Modern Economy Volume I Money and Money Prices 1st Edition by Howard Nicholas 1137565632 ‎978-1137565631 full chapters

Explorations in Marx’s Theory of Price — Why Marx Is Still Relevant for Understanding the Modern Economy. Volume I: Money and Money Prices 1st Edition by Howard Nicholas – Ebook PDF Instant Download/DeliveryISBN: 1137565632, ‎978-1137565631

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Product details:

ISBN-10 ‏ : ‎ 1137565632

ISBN-13 ‏ : ‎ 978-1137565631

Author:  Howard Nicholas 

This book is the first volume in a three-volume series that takes an in-depth look at the relevance of Marx’s economics for understanding the modern economy. The focus of this volume is the money prices of commodities. In light of the failure of central banks to stimulate inflation through printing of money, it is now accepted that there are problems with the mainstream approach to the explanation of prices. Howard Nicholas underlines the shortcomings of this and other approaches to the explanation of prices, particularly their concepts of the value of the commodity and money. He argues the problems with all other approaches are manifest in their inability to explain the changes in the relative prices of commodities, taking place in the context of changes in the aggregate money price level as well as independently. He contends that of paramount importance in Marx’s explanation is that prices are set by producers prior to putting their commodities into the process of circulation, undermining the notion they are determined by the supply of and demand for the commodities in the process of exchange. Marx’s approach to the explanation of prices is also contrasted with those of Neoclassicals, Post-Keynesians and Sraffa, with a view to highlighting the shortcomings in these approaches as bases for their understanding and explanations of money and prices. This book will be of interest to academics and students of price theory, money and finance, political economy, and the history of economic thought.

 

Explorations in Marx’s Theory of Price — Why Marx Is Still Relevant for Understanding the Modern Economy. Volume I: Money and Money Prices 1st Table of contents:

Marx’s Explanation of Money Price

Smith’s Explanation of Money Price

Ricardo’s Explanation of Money Price

Sraffa’s Explanation of Money Price

Post-Keynesian Explanations of Money Price

Marxist Interpretations of Marx’s Explanation of Money Price

Neoclassical Explanations of Money Price

Conclusions

 

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