The Economic Ideas of Marxs Capital: Steps towards post-Keynesian economics

Starting with Marxs schemes of reproduction, this book reviews and assesses Marxs major economic theses. These include: the labour theory of value; accumulation and technical change and its impact on labour; the concept of unproductive labour; the tendential falling rate of profits; the evolution and determinants of the share of wages in national income; as well as short-run and long-run economic dynamics. The Economic Ideas of Marxs Capital updates the theses of the labour theory of value and the conditions for balanced growth using the recent scholarly literature, and also further develops issues related to Marxs concept of productive labour.