Marxist theory
Money and Totality, A Macro-Monetary Interpretation of Marx’s Logic in Capital and the End of the ‘Transformation Problem’
By Fred Mosely
Haymarket Books, 2016,
416 pp., $47.99 By Barry Healy October 31, 2017 — Links International Journal of Socialist Renewal — Karl Marx published Volume 1 of Capital in 1867. By the time of its second German edition, just six years later he wrote, in a postscript: “That the method employed in ‘Das Kapital’ has been little understood, is shown by the various conceptions, contradictory one to another, that have been formed of it.”[1] If anything, the contradictory conceptions have grown worse since then with various, near-intractable debates raging within Marxist circles. One of the fiercest of those debates is over the so-called “Transformation Problem”.
By Fred Mosely
Haymarket Books, 2016,
416 pp., $47.99 By Barry Healy October 31, 2017 — Links International Journal of Socialist Renewal — Karl Marx published Volume 1 of Capital in 1867. By the time of its second German edition, just six years later he wrote, in a postscript: “That the method employed in ‘Das Kapital’ has been little understood, is shown by the various conceptions, contradictory one to another, that have been formed of it.”[1] If anything, the contradictory conceptions have grown worse since then with various, near-intractable debates raging within Marxist circles. One of the fiercest of those debates is over the so-called “Transformation Problem”.
Presentation by Michael A.