Marx and non-equilibrium economics

by Freeman, Alan

This major volume develops a rigorous equilibrium-free political economy based on labour values. Rooted in a non-dualistic approach restoring money to its central role in a commodity economy, Marx and Non-Equilibrium Economics is the fruit of extensive international collaboration reflecting a profound critical reappraisal of Marx's theoretical work and its relation to modern economics. This major book reconstructs classical Marxist explanations for many of the most important phenomena of the day, including mass poverty, unequal development, and endemic economic crisis. The authors...