Money and totality : : a macro-monetary interpretation of Marx's logic in Capital and the end of the 'transformation problem' / / by Fred Moseley.

• Superior document: Historical Materialism Book Series, Volume 104
• VerfasserIn: Moseley, Fred, 1946-
• Place / Publishing House: Leiden, Netherlands ;, Boston, [Massachusetts] : : Brill,, 2016.; ©2016
• Year of Publication: 2016
• Language: English
• Series: Historical materialism book series ; Volume 104.
• Physical Description: 1 online resource (433 p.)
• Notes: Description based upon print version of record.

This ambitious book presents a comprehensive new 'macro-monetary' interpretation of Marx’s logical method in Capital , based on substantial textual evidence, which emphasises two main points: (1) Marx’s theory is primarily a macroeconomic theory of the total surplus-value produced in the economy as a whole; and (2) Marx’s theory is a monetary theory from beginning to end and the circuit of money capital – M - C - M’ – is the logical framework of Marx’s theory. It follows from this 'macro-monetary' interpretation that, contrary to the prevailing view, there is no 'transformation problem' in Marx’s theory; id est, Marx did not 'fail to transform the inputs of constant capital and variable capital' in his theory of prices of production in Part 2 of Volume III.

Table of Contents

Front Matter -- Introduction: A ‘Macro-Monetary’ Interpretation of Marx’s Theory -- Algebraic Summary: A ‘Macro-Monetary’ Interpretation of Marx’s Theory -- Marx’s Theory of the Production and Distribution of Surplus-Value: The Prior Determination of the Total Surplus-Value -- The Circuit of Money Capital: M Presupposed -- Money Has No Price: Marx’s Theory of Money and the Transformation Problem -- Standard Interpretations -- Shaikh’s Iterative Interpretation -- The New Interpretation -- Temporal Single System Interpretation (TSSI) -- The Rethinking Marxism Interpretation -- The Organic Composition of Capital Interpretation -- Replies to Criticisms of My Macro-Monetary Interpretation -- Conclusion -- Bibliography -- Indexes.