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As the current capitalist system has been increasingly struggling to respond to the problems and uncertainties in the global economy, this book aims to identify the main economic, social, and ecological problems and discusses solutions for a more inclusive and sustainable economic system. Written by an international selection of contributors, it takes a wider perspective beyond classical orthodox economics. By doing so, this book covers a wide range of topics, such as global warming and climate change, food and energy scarcity, rising inequality and debt issues, health, ecological, economic, and political crises, degrowth, green new deals, solidarity, economy, artificial intelligence, technological change, smart solutions, and smart cities. Discussing these topics, the book presents answers to the question of whether the current capitalist system is viable and provides suggestions for a fair, inclusive, and modern economic system. Taking a comprehensive approach, thebook will appeal to students, scholars, and researchers of heterodox and alternative economics.

This book explores Austrian capital theory and Austrian business theory from the perspective of modern economics. Sustainable change within the production structure is examined in relation to time preference, the Böhm-Bawerkian theory of capital and interest, and the Hayek Triangle. In turn, the impact of monetary shocks and boom-bust cycles is detailed, with a particular focus on the Ricardo Effect, dynamics of money supply, and the natural rate of interest. This book aims to present a new framework for Austrian economics that will make these ideas applicable to both mainstream economic models and modern economists. It will be relevant to students and researchers interested in the history of economic thought and the political economy.

»Macht oder ökonomisches Gesetz?« lautet der Titel einer berühmten Schrift, die Eugen von Böhm-Bawerk kurz vor seinem Tode 1914 veröffentlichte. Am Beispiel der funktionellen Verteilung von Arbeits- und Kapitaleinkommen versuchte der österreichische Kapital- und Zinstheoretiker zu zeigen, dass Machtverhältnisse auf dem Arbeitsmarkt und in der allgemeinen Wirtschaftspolitik eine ›soziale Kategorie‹ bilden, die sich in der Regel nur im Rahmen ökonomischer Gesetzmäßigkeiten geltend machen kann und nicht gegen diese. Der vorliegende Tagungsband des Ausschusses für die Geschichte der Wirtschaftswissenschaften im Verein für Socialpolitik befasst sich mit verschiedenen Aspekten des zins- und kapitaltheoretischen Werkes Böhm-Bawerks. Er setzt es in Relation zu späteren und anders gelagerten Sichtweisen, bietet aber auch eine modernisierte Fassung der temporalen Kapitaltheorie, die aus aktuellem Anlass strukturelle Begründungen für einen negativen »natürlichen Zins« enthält.

This Palgrave Pivot uses Marxian economic categories and analysis to explore the deeper causes of the 2008 global economic crisis, what the crisis represents for capitalism, and why fiscal and monetary policies pursued in its wake have failed to rejuvenate economies.With an innovative interpretation of the crisis and a focus on'toxic capital'– a sub-division of Karl Marx's concept of fictitious capital – Tombazos examines the specificities of economic reproduction under neoliberalism and financialisation.

This book pursues a Marxist approach with an emphasis on class to reflect on Marx's Capital in the context of the East. It critically reassesses some of the familiar concepts in Capital and teases out issues that are at its periphery. In various essays, it explores this borderland to promote new concepts and modes of analysing Marx's treatise in the twenty-first century. Accordingly, it represents an advance in Marxian theory and politics. Examining Marx's Capital from the perspective and location of the East, the book focuses on many issues that are at the ‘borders'of Capital, which is concerned principally on unpacking developed capitalism. New concepts are introduced and set in relation to those championed by Marx in order to advance our understanding of economy, capitalism, development and politics. In this regard, the book offers a reading of Capital that is distinct from conventional reflections on it in the Western world.The scope is vast, covering much of the territory in Marx's Capital, as well as addressing a few new issues connected to Capital. The content is divided into the following sections: Reception of Capital in the East; Value, Commodity, Surplus Value and Capitalism; Population and Rent in Capital; and Issues Beyond Capital.

This book examines what we can gain from a critical reading of Marx's final manuscript and his conclusion of the'systematic presentation'of his critique, which was the basis for Engels's construction of the third volume of his infamous'Capital'. The text introduces the reader to a key problem´of Marx's largely implicit epistemology, by exploring the systematic character of his exposition and the difference of this kind of'systematicity'from Hegelian philosophical system construction. The volume contributes to establishing a new understanding of the critique of political economy, as it has been articulated in various debates since the 1960s - especially in France, Germany, and Italy - and as it had already been initiated by Marx and some of his followers, with Rosa Luxemburg in a key role. All the chapters are transdisciplinary in nature, and explore the modern day relevance of Marx's and Luxemburg's theoretical analysis of the dominance of the capitalist mode of production.

Karl Marx's Capital is one of the most important texts written in the modern era. Since 1867, when the first of its three volumes was published, it has had a profound effect on politics and economics in theory and practice throughout the world. But Marx wrote in the context of capitalism in the second half of the nineteenth century, and his assumptions and analysis need to be updated in order to address to the technological, economic, and industrial change that has followed Capital's initial publication. In Marx, Capital, and the Madness of Economic Reason, David Harvey not only provides a concise distillation of his famous course on Capital, but also makes the text relevant to the twenty-first century's continuing processes of globalization. This book serves as an accessible window into Harvey's unique approach to Marxism and takes readers on a riveting roller coaster ride through recent global history. It demonstrates how and why Capital remains a living, breathing document with an outsized influence on contemporary social thought.

Recent years have seen a surge of interest in Marxian political economy and especially Marx's great work Capital. 150 years after the book's original publication, are there readings of Capital that can help us find new pathways to progressive or revolutionary change? In this wide-ranging new volume, leading thinkers reflect on Capital's legacy, its limitations and its continuing relevance for today, highlighting issues including ecology, gender, race, labour, communism, the'Third World'and imperialism. The contributors also aim to identify the connections between Capital and various socialist projects of the past, and draw lessons from those experiences that might contribute to the reinvention of socialist politics today. Contributors include: Ingo Schmidt, Carlo Fanelli, William Pelz, Anej Korsika, Prabhat Patnaik, Silvia Federici, Paul Thompson, Chris Smith, Peter Gose, Justin Paulson, Jeff Noonan, Hannah Holleman and Peter Hudis.

This book develops a comprehensive systematic economic theory, conceiving how the dynamic of market relations generates an economy dominated by the competitive process of individual profit-seeking enterprises. The author shows how, contrary to classical political economy and contemporary economics, the theory of capital is an a priori normative account properly belonging to ethics. Exposing and overcoming the limits of the economic conceptions of Hegel and Marx, Rethinking Capital determines how the system of capitals shapes economic freedom, jeopardizing the very rights in whose exercise it consists. Winfield thereby provides the understanding required to guide the private and public interventions with which capitalism can be given a human face.

A New York Times #1 BestsellerAn Amazon #1 BestsellerA Wall Street Journal #1 BestsellerA USA Today BestsellerA Sunday Times BestsellerA Guardian Best Book of the 21st CenturyWinner of the Financial Times and McKinsey Business Book of the Year AwardWinner of the British Academy MedalFinalist, National Book Critics Circle Award“It seems safe to say that Capital in the Twenty-First Century, the magnum opus of the French economist Thomas Piketty, will be the most important economics book of the year—and maybe of the decade.”—Paul Krugman, New York Times“The book aims to revolutionize the way people think about the economic history of the past two centuries. It may well manage the feat.”—The Economist“Piketty's Capital in the Twenty-First Century is an intellectual tour de force, a triumph of economic history over the theoretical, mathematical modeling that has come to dominate the economics profession in recent years.”—Steven Pearlstein, Washington Post“Piketty has written an extraordinarily important book…In its scale and sweep it brings us back to the founders of political economy.”—Martin Wolf, Financial Times“A sweeping account of rising inequality…Piketty has written a book that nobody interested in a defining issue of our era can afford to ignore.”—John Cassidy, New Yorker“Stands a fair chance of becoming the most influential work of economics yet published in our young century. It is the most important study of inequality in over fifty years.”—Timothy Shenk, The Nation

In the Economic and Philosophic Manuscripts of 1844 Marx explains how, under capitalism, people rely on labor to live. In the past people could rely on Nature itself for their natural needs; in modern society, if one wants to eat, one must work: it is only through money that one may survive. Thus, man becomes a slave to his wages. It is only through his work that he can find enough money to continue to live; but he doesn't simply live, he actually only survives, as a worker. Labor is only used to create more wealth, instead of achieving the fulfillment of human nature. Wilder Publications is a green publisher. All of our books are printed to order. This reduces waste and helps us keep prices low while greatly reducing our impact on the environment.

At its current state of historical development, capital finds its internal contradictions tending towards an irresolvable character as manifested in multiple crises. Embodied in a fistful of gigantic transnational companies whose representatives seek consolidation as a global oligarchy, capital continues to concentrate its economic, political and military power as it produces a growing mass of redundant human beings, promotes conflicts that result in misery, chaos, social degradation and death, and destroys entire societies while razing the natural environment, thereby putting humanity itself at risk. The defense of life and the construction of renewed hope for a future require opposition to the domination of capital. This book seeks to contribute to that effort by setting out an analysis of the mechanisms in which capital is based.

'My aim is to get you to read a book by Karl Marx called Capital, Volume 1, and to read it on Marx's own terms.'The biggest financial crisis since the Great Depression has generated a surge of interest in Marx's work in the effort to understand the origins of our current predicament. For nearly forty years, David Harvey has written and lectured on Capital, becoming one of the world's most foremost Marx scholars.Based on his recent lectures, this current volume aims to bring this depth of learning to a broader audience, guiding first-time readers through a fascinating and deeply rewarding text. A Companion to Marx's Capital offers fresh, original and sometimes critical interpretations of a book that changed the course of history and, as Harvey intimates, may do so again.David Harvey's video lecture course can be found here: davidharvey.org/reading-capital/

“My aim is to get you to read a book by Karl Marx called Capital, Volume 1, and to read it on Marx's own terms…”The biggest financial crisis since the Great Depression has generated a surge of interest in Marx's work in the effort to understand the origins of our current predicament. For nearly forty years, David Harvey has written and lectured on Capital, becoming one of the world's most foremost Marx scholars.Based on his recent lectures, this current volume aims to bring this depth of learning to a broader audience, guiding first-time readers through a fascinating and deeply rewarding text. A Companion to Marx's Capital offers fresh, original and sometimes critical interpretations of a book that changed the course of history and, as Harvey intimates, may do so again.

Winner of The Deutscher Memorial Prize 2004. In a completely reworked edition of his classic (1991) volume, Michael A. Lebowitz explores the implications of the book on wage-labour that Marx originally intended to write. Focusing upon critical assumptions in Capital that were to be removed in Wage-Labour and upon Marx's methodology, Lebowitz stresses the one-sidedness of Marx's Capital and argues that the side of the workers, their goals and their struggles in capitalism have been ignored by a monolithic Marxism characterized by determinism, reductionism and a silence on human experience.

This landmark text by Paul Baran and Paul Sweezy is a classic of twentieth-century radical thought, a hugely influential book that continues to shape our understanding of modern capitalism. “This book… deals with a vital area of economics, has a unique approach, is stimulating and well written. It represents the first serious attempt to extend Marx's model of competitive capitalism to the new conditions of monopoly capitalism.” — Howard J. Sherman, American Economic Review