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020 _a631190708
082 _a335.4 DES
100 _aDesai, Meghnad
245 0 _aMarxian economics
260 _aOxford
260 _bBasil Blackwell
260 _c1979
300 _a265 p. : ill.
520 _aThis book contributes to the debate on Marxian economics which has, in the 1970s, begun to receive renewed attention in the West. Much new material on the subject is being translated into English even now. Drawing on these latest sources together with what has otherwise been available, and using modern quantitative techniques, Desai argues that Marx's value theory differed from both Ricardo's and that of the Neoclassicists. In Marx, value theory. plays the crucial role of drawing out, or illuminating, the influence of the class struggle in capitalism on relations of economic exchange. Clearly, Marx's labour theory of value was not a theory. of relative prices or resource allocation alone; it was a much broader concept which embraced social relationships as well.
650 _aMarxian economics.
942 _cDB
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