Reclaiming Marx's 'Capital'

A Refutation of the Myth of Inconsistency

Andrew Kliman

• Publisher: Lexington Books
• Year: 2006
• eBook ISBN: 9780739160022
• Edition: 1
• Topic: Politics & International Relations
• Subtopic: Communism, Post-Communism & Socialism
• Index: Politics & International Relations

This book seeks to reclaim Capital from the myth of internal inconsistency, a myth that serves to justify the censorship of Marx's critique of political economy and present-day research based upon it. Andrew Kliman shows that the alleged inconsistencies are actually caused by misinterpretation. By modifying the standard interpretation of Marx's value theory in two simple ways, the recent 'temporal single-system interpretation' eliminates all of the alleged inconsistencies. Written especially for the non-specialist reader, in a clear, accessible style and with the bare minimum of mathematics, Reclaiming Marx's 'Capital' introduces readers to Marx's value theory and contrasting interpretations of it, the history of the internal inconsistency controversy, and interpretive standards and methods. Kliman then surveys Marx's falling-rate-of-profit theory, the relationship of prices to values (the 'transformation problem'), Marx's exploitation theory of profit, and other topics. The book ends with a discussion of why the myth of inconsistency persists, and a call to set the record straight.

Table of contents

• Raya Dunayevskaya Series in Marxism and Humanism
• Title Page
• Copyright Page
• Dedication
• Table of Contents
• List of Tables
• List of Abbreviations
• Preface
• Chapter 1 - Introduction: The Question of Internal Inconsistency
• Chapter 2 - Marx’s Value Theory and Contending Interpretations
• Chapter 3 - A Brief History of the Controversy
• Chapter 4 - Making Marx Make Sense: On Interpretive Method
• Chapter 5 - Simultaneism, Physicalism, and the Law of Value
• Chapter 6 - Was Marx a Simultaneist?
• Chapter 7 - The Falling Rate of Profit Controversy
• Chapter 8 - The “Transformation Problem” (1): Marx’s Solution and Its Critics
• Chapter 9 - The “Transformation Problem” (2): If It Ain’t Broke, Don’t Correct It
• Chapter 10 - The “Fundamental Marxian Theorem”
• Chapter 11 - An Empirical Defense of the Law of Value?
• Chapter 12 - Summary and Conclusions
• Bibliography
• Index
• About the Author