书目名称 | Explorations in Marx’s Theory of Price—Why Marx Is Still Relevant for Understanding the Modern Econo |
副标题 | Volume I: Money and |
编辑 | Howard Nicholas |
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概述 | The first book in a three-volume series focused in-depth on Marx‘s economics.Demonstrates shortcomings in mainstream explanations of prices.Illuminates the importance of Marx‘s emphasis on the role of |
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描述 | .This book is the first volume in a three-volume series that takes an in-depth look at the relevance of Marx‘s economics for understanding the modern economy. The focus of this volume is the money prices of commodities. In light of the failure of central banks to stimulate inflation through printing of money, it is now accepted that there are problems with the mainstream approach to the explanation of prices. Howard Nicholas underlines the shortcomings of this and other approaches to the explanation of prices, particularly their concepts of the value of the commodity and money. He argues the problems with all other approaches are manifest in their inability to explain the changes in the relative prices of commodities, taking place in the context of changes in the aggregate money price level as well as independently. He contends that of paramount importance in Marx’s explanation is that prices are set by producers prior to putting their commodities into the process of circulation, undermining the notion they are determined by the supply of and demand for the commodities in the process of exchange. Marx’s approach to the explanation of prices is also contrasted with those of Neoclass |
出版日期 | Book 2023Latest edition |
关键词 | Marx; money theory; prices; value; Howard Nicholas; commodities; Post-Keynesians; Neoclassicals; inflation |
版次 | 1 |
doi | https://doi.org/10.1057/978-1-137-56564-8 |
isbn_ebook | 978-1-137-56564-8 |
copyright | The Editor(s) (if applicable) and The Author(s) 2023 |