Book Review: Classical Political Economics and Modern Capitalism.

The cycles are brought about by fluctuations in investment, which is determined by the expected rate of profit (net of interest). The book employs an integrated theoretical framework based on the writings of classical political economists, mainly Smith, Ricardo, and especially Marx, to study the growth- and crisis-prone, turbulent nature of capitalist economies. Marx's law of value is detailed as the main tool to understand capitalist economies. [Extracted from the article]