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In this book, G. A. Cohen examines the libertarian principle of self-ownership, arguing that it cannot deliver the freedom it promises to secure thus undermining the concept that lovers of freedom should embrace capitalism & its accompanying inequality.
In this book G. A. Cohen examines the libertarian principle of self-ownership, which says that each person belongs to himself and therefore owes no service or product to anyone else. This principle is used to defend capitalist inequality, which is said to reflect each person's freedom to do as he wishes with himself. The author argues that self-ownership cannot deliver the freedom it promises to secure, thereby undermining the idea that lovers of freedom should embrace capitalism and the inequality that comes with it. He goes on to show that the standard Marxist condemnation of exploitation implies an endorsement of self-ownership, since, in the Marxist conception, the employer steals from the worker what should belong to her, because she produced it. Thereby a deeply inegalitarian notion has penetrated what is in aspiration an egalitarian theory. Purging that notion from socialist thought, he argues, enables construction of a more consistent egalitarianism.
Exploring the origins and development of the labour theory of value, Peter Dooley examines its emergence from the natural law philosopher of the sixteenth and seventeenth century and its domination of the classical school of economics. This book will prove to be essential reading for all students of the history of economics.
A decade and a half ago John Bellamy Foster and Paul Burkett introduced a new, revolutionary understanding of the ecological foundations of Marx’s thought, demonstrating that Marx’s concepts of the universal metabolism of nature, social metabolism, and metabolic rift prefigured much of modern systems ecology. Ecological relations were shown to be central to Marx’s critique of capitalism, including his value analysis. Now in Marx and the Earth Foster and Burkett expand on this analysis in the process of responding to recent ecosocialist criticisms of Marx. The result is a full-fledged anti-critique—pointing to the crucial roles that dialectics, open-system thermodynamics, intrinsic value, and aesthetic understandings played in the original Marxian critique, holding out the possibility of a new red-green synthesis.
Marx’s Capital has of course been widely read; this revival of a systematic study by Geoffrey Pilling, originally published in 1980, argues powerfully that, in order to understand Capital fully, it is necessary to have read and understood Hegel’s Logic. This argument leads to a detailed examination of the opening chapters of Capital, and a re-examination of their significance for the work as a whole. Pilling emphasizes the fundamental nature of the break between Marx’s Capital and all forms of classical political economy, and stresses the revolutionary nature of Marx’s critique of political economy as one of the foundations of Capital. He also lays particular emphasis on the philosophical aspects of the work, so often neglected by British commentators, and puts forward the view that Marx’s notion of fetishism, often looked upon as incidental to his work, is in fact central to his entire critique of political economy.
This pioneering survey of the development of the “labor theory of value,” advances Marxian economic categories for contemporary conditions.
Roland Boer and Christina Petterson here produce a critical survey showing that the rise of capitalist theory was shaped by the way different economic philosophers—Smith, Hobbes, Grotius, Malthus, Locke––read the Bible. Invoking Jeremiah (14:22) and Adam Smith—who took the title of his Wealth of Nations from Isaiah (61:6, 66:12)—they show that early theories of capitalism were shaped by particular assumptions that these theorists brought to their readings of the story of Eden in particular. They examine those assumptions and evaluate what has changed in subsequent centuries. Idols of Nations shows that the Bible was central to the theorization and economic thought of these key thinkers as it explores the distinct problems each sought to overcome.
This book constitutes an overview of recent developments in political economy in general, and Marxist value theory in particular. The implications of value theory for bank credit, inflation and deflation are fully explored.