First published in 1978, this book rapidly established itself as a classic of modern Marxism. Cohen's masterful application of advanced philosophical techniques in an uncompromising defense of historical materialism commanded widespread admiration. In the ensuing twenty years, the book has served as a flagship of a powerful intellectual movement--analytical Marxism. In this expanded edition, Cohen offers his own account of the history, and the further promise, of analytical Marxism. He also expresses reservations about traditional historical materialism, in the light of which he reconstructs the theory, and he studies the implications for historical materialism of the demise of the Soviet Union.

In this book Ernesto Screpanti provides a rigorous examination of Marx’s theory of exploitation, one of the cornerstones of Marxist thought. With precision and clarity, he identifies the holes in traditional readings of Marx’s theory before advancing his own original interpretation, drawing on contemporary philosophy and economic theory to provide a refreshingly interdisciplinary exegesis. Screpanti’s arguments are delivered with perspicuity and verve: this is a book that aims to spark a debate. He exposes ambiguities present in Marx’s exposition of his own theory, especially when dealing with the employment contract and the notions of ‘abstract labor’ and ‘labor value’, and he argues that these ambiguities have given rise to misunderstandings in previous analyses of Marx’s theory of exploitation. Screpanti’s own interpretation is a meticulously argued counterpoint to these traditional interpretations. Labour and Value is a significant contribution to the theory of economics, particularly Marxist economics. It will also be of great interest to scholars in other disciplines including sociology, political science, and moral and political philosophy. Screpanti’s clear and engaging writing style will attract the interested general reader as well as the academic theorist.

'All too often, Karl Marx has been regarded as a demon or a deity - or a busted flush. This fresh, provocative, and hugely enjoyable book explains why, for all his shortcomings, his critique of modern society remains forcefully relevant even in the twenty-first century.' Francis Wheen, author of Karl Marx In recent years we could be forgiven for assuming that Marx has nothing left to say to us. Marxist regimes have failed miserably, and with them, it seemed, all reason to take Marx seriously. The fall of the Berlin Wall had enormous symbolic resonance: it was taken to be the fall of Marx as well as of Marxist politics and economics. This timely book argues that we can detach Marx the critic of current society from Marx the prophet of future society, and that he remains the most impressive critic we have of liberal, capitalist, bourgeois society. It also shows that the value of the 'great thinkers' does not depend on their views being true, but on other features such as their originality, insight, and systematic vision. On this account too Marx still richly deserves to be read.

The basic discoveries underlying Marx's critique of political economy - labour power, surplus value, use value - are all in some way built upon the concept of need. From Marx's varying and passing interpretations of a theory of need, Agnes Heller unravels the main tendencies and demonstrates the importance which Marx attached to the "restructuring" of a system of needs going beyond the purely material. She also brings out those aspects, especially the idea of "radical needs" which point to revolutionary activity and to the project which Marx could only foresee but which for us today is of real urgency: the "society of associated producers". Thus Agnes Heller's study is not only the first full presentation of a fundamental aspect of Marx, but the basis for a discussion of the utmost contemporary relevance.

Since the onset of global crisis in recent years, academics and economic theorists from various political and cultural backgrounds have been drawn to Marx's analysis of the inherent instability of capitalism. The rediscovery of Marx is based on his continuing capacity to explain the present. In the context of what some commentators have described as a "Marx renaissance", the aim of this book is to make a close study of Marx's principal writings in relation to the major problems of our own society, and to show why and how some of his theories constitute a precious tool for the understanding and critique of the world in the early twenty-first century. The book brings together varied reflections on the Marxian oeuvre, drawing on different perspectives and fields, and argues its case in two different parts. The first will encompass such diverse areas and themes as political thought, economics, nationalism, ethnicity, post-capitalist society, freedom, democracy, emancipation, and alienation, showing in each case how Marx has still today an invaluable contribution to make. The second presents a complete and rigorous account of the dissemination and the reception of Marx’s work throughout the world in the last decade. Both parts make a significant contribution to the current research on Marx and Marxisms. This book was originally published as a special issue of Socialism and Democracy.

Marxism as an intellectual movement has been one of the most important and fertile contributions to twentieth-century thought. No social theory or political philosophy today can be taken seriously unless it enters a dialogue, not just with the legacy of Marx, but also with the innovations and questions that spring from the movement that his work sparked, Marxism. Marx provided a revolutionary set of ideas about freedom, politics and society. As social and political conditions changed and new intellectual challenges to Marx's social philosophy arose, the Marxist theorists sought to update his social theory, rectify the sociological positions of historical materialism and respond to philosophical challenges with a Marxist reply. This book provides an accessible introduction to Marxism by explaining each of the key concepts of Marxist politics and social theory. The book is organized into three parts, which explore the successive waves of change within Marxist theory and places these in historical context, while the whole provides a clear and comprehensive account of Marxism as an intellectual system.

In this slim, insightful volume, noted economist Samir Amin returns to the core of Marxian economic thought: Marx’s theory of value. He begins with the same question that Marx, along with the classical economists, once pondered: how can every commodity, including labor power, sell at its value on the market and still produce a profit for owners of capital? While bourgeois economists attempted to answer this question according to the categories of capitalist society itself, Marx sought to peer through the surface phenomena of market transactions and develop his theory by examining the actual social relations they obscured. The debate over Marx’s conclusions continues to this day. Amin defends Marx’s theory of value against its critics and also tackles some of its trickier aspects. He examines the relationship between Marx’s abstract concepts—such as “socially necessary labor time”—and how they are manifested in the capitalist marketplace as prices, wages, rents, and so on. He also explains how variations in price are affected by the development of “monopoly- capitalism,” the abandonment of the gold standard, and the deepening of capitalism as a global system. Amin extends Marx’s theory and applies it to capitalism’s current trajectory in a way that is unencumbered by the weight of orthodoxy and unafraid of its own radical conclusions.

Marx’s Inferno reconstructs the major arguments of Karl Marx’s Capital and inaugurates a completely new reading of a seminal classic. Rather than simply a critique of classical political economy, William Roberts argues that Capital was primarily a careful engagement with the motives and aims of the workers’ movement. Understood in this light, Capital emerges as a profound work of political theory. Placing Marx against the background of nineteenth-century socialism, Roberts shows how Capital was ingeniously modeled on Dante’s Inferno, and how Marx, playing the role of Virgil for the proletariat, introduced partisans of workers’ emancipation to the secret depths of the modern “social Hell.” In this manner, Marx revised republican ideas of freedom in response to the rise of capitalism. Combining research on Marx’s interlocutors, textual scholarship, and forays into recent debates, Roberts traces the continuities linking Marx’s theory of capitalism to the tradition of republican political thought. He immerses the reader in socialist debates about the nature of commerce, the experience of labor, the power of bosses and managers, and the possibilities of political organization. Roberts rescues those debates from the past, and shows how they speak to ever-renewed concerns about political life in today’s world.

Marx's undeveloped ideas about how society presents a misleading appearance which distorts its members' understanding of it have been the subject of many conflicting interpretations. In this book John Torrance takes a fresh, un-Marxist approach to Marx's texts and shows that a more precise, coherent and cogent sociology of ideas can be extracted from them than is generally allowed. The implications of this for twentieth-century capitalism and for recent debates about Marx's conceptions of justice, morality and the history of social science are explored. The author argues that Marx's theory of ideas is sufficiently independent of other parts of his thought to provide a critique and explanation of those defects in his own understanding of capitalism which allowed Marxism itself to become, by his own definition, an ideology.

A critical examination of the social theories of Karl Marx.