Marxist Economic Theory, Vols. I and II

Contents: Vol. I: Introduction. 1. Labour, necessary product, surplus product. 2. Exchange, commodity, value. 3. Money, capital, surplus-value. 4. The development of capital. 5. The contradictions of capitalism. 6. Trade. 7. Credit. 8. Money. 9. Agriculture. 10. Reproduction and growth of the national income. 11. Periodical crisis. Bibliography. Index.

Vol. II: 12. Monopoly capitalism. 13. Imperialism. 14. The epoch of capitalist decline. 15. The Soviet economy. 16. The economy of the transition period. 17. Socialist economy. 18. Origin, rise and withering away of political economy.

From the Introduction: "This attitude of the academic world towards Marxist Economic Theory is ruled by a strange paradox. Half a century ago, this theory was the subject of increasing theoretical interest and of fervent discussions in university circles, but it was said to lack all practical significance: a socialist economy "is impracticable", said the economists. Today nobody denies that Marxist Theory is capable of inspiring, and not unsuccessfully, the economic policy of states both large and small; but in academic circles it now meets only with indifference or contempt. It sometimes figures as the subject of more thorough studies, this happens not for its own sake but in so far as it is a sub-branch of the new "Science" called "Sovietology", or is included within a still stranger discipline, "Marxology"."