In 1878 Karl Marx developed the reproduction schema: his model of how total capital is produced and reproduced. This is thought to be the first two-sector economic model ever constructed. Two key aspects of Marx’s writings are widely agreed to be undeveloped: The role of aggregate demand and the role of money. This book synthesizes various strands of economic thought to enable the reader to understand and clarify the structure of the reproduction schema. This synthesis will challenge prevailing orthodoxies. This book constructs a macro monetary model which draws on a wide range of economic theories, within both the Marxian economic tradition, and the tradition of Keynes, Kalecki, Domar, Sraffa and Leontief. Marxian economics has been dominated by supply-side thinking, including general equilibrium theory and pronouncements about the shortage of surplus value, whilst Post Keynesians have failed to take seriously the importance of reproduction and the multisectoral structure of capitalism. By locating aggregate demand and the circuit of money in the reproduction schema, this key book provides an analytical contribution to both Marxian and Post Keynesian economics.

In this book, Andrew Trigg relates Marx's reproduction schema to Keynes's multiplier, Leontieff's input-output analysis, Domar's growth model and Kalecki's principle - in the process offering intriguing and innovative clarifications.

This is an excerpt, concentrating on Marxian economics, from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory.

The theory of crisis has always played a central role within Marxism, and yet has been one of its weakest elements. Simon Clarke's important new book provides the first systematic account of Marx's own writings on crisis, examining the theory within the context of Marx's critique of political economy and of the dynamics of capitalism. The book concentrates on the scientific interpretation and evaluation of the theory of crisis, and will be of interest to mainstream economists, as well as to sociologists, political scientists and students of Marx and Marxism.

A classic work in the Marxist canon on political economy

Recent attempts to revitalize Hegel's social and political philosophy have tended to be doubly constrained: firstly, by their focus on Hegel's Philosophy of Right; and secondly, by their broadly liberal interpretive framework. Challenging that trend, Arash Abazari shows that the locus of Hegel's genuine critical social theory is to be sought in his ontology – specifically in the 'logic of essence' of the Science of Logic. Mobilizing ideas from Marx and Adorno, Abazari unveils the hidden critical import of Hegel's logic. He argues that social domination in capitalism obtains by virtue of the illusion of equality and freedom; shows how relations of opposition underlie the seeming pluralism in capitalism; and elaborates on the deepest ground of domination, i.e. the totality of capitalist social relations. Overall, his book demonstrates that Hegel's logic can and should be read politically.

“My aim is to get you to read a book by Karl Marx called Capital, Volume 1, and to read it on Marx’s own terms…” The biggest financial crisis since the Great Depression has generated a surge of interest in Marx’s work in the effort to understand the origins of our current predicament. For nearly forty years, David Harvey has written and lectured on Capital, becoming one of the world’s most foremost Marx scholars. Based on his recent lectures, this current volume aims to bring this depth of learning to a broader audience, guiding first-time readers through a fascinating and deeply rewarding text. A Companion to Marx’s Capital offers fresh, original and sometimes critical interpretations of a book that changed the course of history and, as Harvey intimates, may do so again. David Harvey’s video lecture course can be found here: davidharvey.org/reading-capital/

Crystallizing the essential principles of social reproductive theory, this anthology provides long-overdue analysis of everyday life under capitalism. It focuses on issues such as childcare, healthcare, education, family life, and the roles of gender, race, and sexuality--all of which are central to understanding the relationship between exploitation and social oppression. Tithi Bhattacharya brings together some of the leading writers and theorists, including Lise Vogel, Nancy Fraser, and Susan Ferguson, in order for us to better understand social relations and how to improve them in the fight against structural oppression.

Late Capitalism is the first major synthesis to have been produced by the contemporary revival of Marxist economics. It represents, in fact, the only systematic attempt so far ever made to combine the general theory of the 'laws of motion' of the capitalist mode of production developed by Marx with the concrete history of capitalism in the twentieth century. A landmark in Marxist economic literature, Late Capitalism is specifically designed to explain the international recession of the 1970s and is an invaluable guide to understanding the nature of the world economy today. This edition includes a new introduction by Cdric Durand assessing the book's continued relevance.

This book undertakes the first general assessment of ecological economics from a Marxist point of view, and shows how Marxist political economy can make a substantial contribution to ecological economics. The analysis is developed in terms of four basic issues: (1) nature and economic value; (2) the treatment of nature as capital; (3) the significance of the entropy law for economic systems; (4) the concept of sustainable development. In each case, it is shown that Marxism can help ecological economics fulfill its commitments to multi-disciplinarity, methodological pluralism, and historical openness. In this way, a foundation is constructed for a substantive dialogue between Marxists and ecological economists.