Foreword
Preface to the Second Edition
Preface to the First Edition (Excerpts)
Copyright
Acknowledgements
Figures, Charts and Tables
1 Invisible Leviathan: Marx's Law of Value in the Twilight of Capitalism
1 Reflections on Wealth, Human Development and the &'Triumph' of Capitalism
2 The Triple Crisis of the Twenty-First Century
3 The Necessity of Marx's Value Theory in the Twilight of Capitalism
2 The Value Abstraction and the Dialectic of Social Development
1 The Value Abstraction in Pre-capitalist History: Cognitive Faculties as Forces of Production 2 Cohen, Sayer and Söhn-Rethel on Historical Materialism
3 Value Relations and Social Progress
4 An Unresolved Issue
3 Science, Ideology and &'Economic Value'
1 The Labour Theory of Value in Classical Political Economy
2 The Economics Profession Repudiates the Labour Theory of Value
3 Labour Value: From &'Ricardian Socialism' to Marx
4 Marginalism versus Marx
5 Science, Ideology and the Theory of Value
4 Marx's Capital and the Early Critiques
1 Elements of Marx's Theory of Value
2 Value, Capital, and Exploitation
3 Value, Capitalist Competition, and the General Rate of Profit
4 Traditional Criticisms and Orthodox Responses
5 The Controversy Surrounding the &'Transformation Problem'
5 Currents within the Value Controversy
1 The Second Phase of the Value Controversy
2 The Neo-Ricardian Challenge
3 Neo-Orthodoxy and the Rediscovery of the Value-Form
4 Fundamentalist Value Theory
5 Trends in the Value Controversy since the 1990s
6 An Assessment of the Value Controversy
1 Preliminary Thoughts on the Road Just Travelled
2 Some Philosophical and Methodological Considerations
3 Theoretical Considerations
4 Value Theory and Programme
7 Value, Economy and Crisis
1 Capitalist Development and Its Cyclical Crises
2 The Falling Rate of Profit and the Dimensions of Capitalist Crisis
3 Tendencies Counteracting the Fall in the Rate of Profit
4 Theoretical Arguments Surrounding the Law of the Falling Rate of Profit
5 Dimensions of Capitalist Crisis
6 Crises of Valorisation and Crises of Realisation
7 The Historical-Structural Crisis of Capitalism
8 Socially Necessary Unproductive Labour, Valorisation and Crisis
1 Marx and the Problem of Unproductive Labour
2 SNUL and Marx's Value Categories
3 Constant Capital and Capital Fetishism
4 Theoretical Advantages of Treating SNUL as Constant Capital
9 Imperialism, Unequal Development and the Law of Value
1 Unequal Capitalist Development on a World Scale
2 Emmanuel's Theory of Unequal Exchange
3 Critiques of Emmanuel
4 Shaikh's Critique of Emmanuel and the Ricardian Theory of Trade
10 &'Testing Marx' in the Twilight of Capitalism: Marxian Value Categories, National Income Accounts and the Crisis of Valorisation
1 Part I: The Profitability Crisis of the 1970s and 1980s: Contradictory Testimonies of Empirical Marxian Research
2 Part II: The LTRPF and the Rise of &'Fictitious Capital': The Case of the US Economy, 1950-2013
3 Profitability Trends in the US Economy: Some Recent Findings and Debates
4 Appendix 1: Data Sources and Methods for Smith (1991b) Study of Canadian Economy, 1947-80
5 Appendix 2: Data Sources and Methods Used in Smith-Taylor (1996) Study of the Canadian Economy, 1947-91
6 Appendix 3: Data Sources and Methods Used in Smith-Butovsky (2018) Study of the US Economy, 1950-2013
11 Beyond the Law of Value: Class Struggle and Socialist Transformation
1 The Working Class, Value, and Anti-Capitalist Struggle
2 Value Theory and Socialist Construction
Bibliography
Index
