This book constitutes an overview of recent developments in political economy in general, and Marxist value theory in particular. The implications of value theory for bank credit, inflation and deflation are fully explored

From his early economic works on, Marx conceived the labour of any kind of society as a set of production activities and analysed the historical modes of production as specific ways of distributing and exchanging these activities. Political economy on the contrary considers the labour only under...

This book explores the origins and development of the labour theory of value, examining its emergence from the natural law philosopher of the sixteenth and seventeenth century to its domination of the classical school of economics