Capitalism in the 21st Century: Through the Prism of Value by Guglielmo Carchedi, Michael Roberts ISBN 9780745340883, 9781786806970, 0745340881, 1786806975 instant download

Capitalism in the 21st Century: Through the Prism of Value by Guglielmo Carchedi, Michael Roberts ISBN 9780745340883, 9781786806970, 0745340881, 1786806975 instant download

In Capitalism in the 21st Century, the authors show how Marx's law of value explains numerous issues in our modern world. In both advanced economies and the periphery, value theory provides a piercing analytical framework through which we can approach topics as varied as labour, profitability, automation and AI, the environment, nature and ecology, the role of China, imperialism and the state.

This is an ambitious work that will appeal to both heterodox economists and labour movement activists alike, as it demonstrates the ongoing contemporary relevance of Marxist theory to current trends in political economy.

Introduction

1. Nature and value

2. Money, prices and value

3. Crises and value

4. Imperialism and value

5. Robots, AI, knowledge and value

6. Socialism and value

Appendix 1: The value theory of inflation

Appendix 2: Measuring unequal exchange of value in international trade

Guglielmo Carchedi was Professor of Economics at Amsterdam University and is the author of several works including Frontiers of Political Economy, For Another Europe and Behind the Crisis.

Michael Roberts has worked in the City of London for over 30 years as an economist and financial adviser. He is author of several books including The Great Recession, The Long Depression and Marx 200. He blogs at thenextrecession.wordpress.com.