Synopses & Reviews
Synopsis
This ambitious book presents a comprehensive new 'macro-monetary' interpretation of Marx's logical method in Capital which emphasizes two 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 and the circuit of money capital-'M-C-M'- is its logical framework.
Synopsis
Correcting a longstanding misinterpretation, Moseley argues that there is no 'transformation problem' in Marx's economic theory.