Invisible Leviathan : : Marx's Law of Value in the Twilight of Capitalism / / Murray Smith.

• Author: Smith, Murray.
• Place / Publishing House: Leiden, , Boston : : BRILL,, 2019.
• Year of Publication: 2019
• Language: English
• Series: Historical Materialism Book Series 177.
• Physical Description: 1 online resource (395 pages).
• Notes: First printed in 1994 as Invisible Leviathan: The Marxist Critique of Market Despotism Beyond Postmodernism by University of Toronto Press.
• Other title: Front Matter --; Copyright Page /; Foreword /; Preface to the Second Edition /; Preface to the First (1994) Edition (Excerpts) /; Acknowledgements /; Invisible Leviathan: Marx’s Law of Value in the Twilight of Capitalism /; The Value Abstraction and the Dialectic of Social Development /; Science, Ideology and ‘Economic Value’ /; Marx’s Capital and the Early Critiques /; Currents within the Value Controversy /; An Assessment of the Value Controversy /; Value, Economy and Crisis /; Socially Necessary Unproductive Labour, Valorisation and Crisis /; Imperialism, Unequal Development and the Law of Value /; ‘Testing Marx’ in the Twilight of Capitalism: Marxian Value Categories, National Income Accounts, and the Crisis of Valorisation /; Beyond the Law of Value: Class Struggle and Socialist Transformation /; Back Matter --; Bibliography /; Index /
• Bibliography: Includes bibliographical references and index.
• ISBN: 900431220X
• Hierarchical level: Monograph
• Statement of Responsibility: Murray Smith.

In this updated and expanded edition of Invisible Leviathan , Murray E.G. Smith critically explores and makes significant contributions to the debate surrounding Karl Marx’s ‘capitalist law of value’ and its corollary, the law of the falling rate of profit. A powerful case is presented that capitalism has exhausted its potential to contribute to human progress. Humanity confronts a fateful choice: to allow this obsolescent system – which necessarily measures ‘wealth’ in terms of ‘abstract social labour’ and money profit – to destroy human civilisation; or to make the leap toward a global, egalitarian-socialist society in which the satisfaction of human need is the starting-point and the all-round development of each and every human individual the goal of the socio-economic life process. First printed in 1994 as Invisible Leviathan: The Marxist Critique of Market Despotism Beyond Postmodernism by University of Toronto Press. This second and revised edition includes a new Foreword by Michael Roberts, and a Preface to the Second Edition.