In order to read Marx afresh, previous interpretations of Marx need to be corrected. In particular, that which sees money and credit as surface phenomena, based on Marx's naturalistic understanding of value as being inherent in a commodity. This strand of Marxism overlooks the contemporary role played by credit in the reproduction of capital. Published 21 December 2009.
The then President of the UAW's resignation letter from the Labor Management Group. The letter outlines his disappointment with the group and rejects the strategy of collaboration. But it also reflects on the then contemporary class struggle and outlines the growing tensions between major corporations and the labor movement.
Understanding Capital is a brilliantly lucid introduction to Marxist economic theory. Duncan Foley builds an understanding of the theory systematically, from first principles through the definition of central concepts to the development of important applications. All of the topics in the three volumes of Capital are included, providing the reader with a complete view of Marxist economics.
This book provides a contemporary assessment of Marx's theory of money. This theory is often praised as one of Marx's greatest achievements, especially when compared with either classical or neoclassical economics. On the other hand, Marx's theory of money has also been severely criticized, especially that it seems to require that money be a produced commodity. The contributors to the volume provide a wide-ranging and in-depth appraisal of the strengths and weaknesses of Marx's theory of money, compared to other theories of money.