The Theory of Capitalist Development
.jpg) Cover of the first edition | |
| Author | Paul Sweezy |
|---|---|
| Country | United States |
| Language | English |
| Subject | Labor theory of value |
| Published | 1942 (Monthly Review Press) |
| Media type | Print (Hardcover and Paperback) |
| Pages | 398 |
| ISBN | 978-0853450795 |
The Theory of Capitalist Development is a 1942 book by Paul Sweezy, in which Sweezy offers a statement and defense of the labor theory of value.[1] Sweezy has been criticized for his alleged misrepresentations of Karl Marx's economic theories.
Summary
Sweezy expounds and defends the labor theory of value.[1]
Scholarly reception
Political scientist David McLellan calls Sweezy's work the best modern continuation of Marx's economic ideas.[2] Ernest Mandel accuses Sweezy of several misunderstandings of Marx, including confusing prices of production and market prices, a mistake he sees as a result of Sweezy's employment of the work of Ladislaus von Bortkiewicz,[3] a critic of Marx.[4] Mandel believes that Sweezy's misunderstandings of Marx are similar to those later made by economist Ian Steedman in his Marx after Sraffa (1977).[5]
See also
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References
Footnotes
- 1 2 Wolff 1991. pp. 151-152.
- ↑ McLellan 1995. p. 439.
- ↑ Mandel 1991. p. 27.
- ↑ Mandel 1974. p. 301.
- ↑ Mandel 1991. p. 9.
Bibliography
- Books
- Mandel, Ernest (1974). Marxist Economic Theory. London: Merlin Press.
- Marx, Karl; Mandel, Ernest (1991). Capital, Volume 1. London: Penguin. ISBN 0-14-044570-6.
- McLellan, David (1995). Karl Marx: A Biography. London: Papermac. ISBN 0-333-63947-2.
- Wolff, Jonathan (1991). Robert Nozick: Property, Justice and the Minimal State. Stanford, California: Stanford University Press. ISBN 0-8047-1856-3.