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Marxs theory of price and its modern rivals (Record no. 111718)

MARC details
000 -LEADER
fixed length control field 04698nam a2200229Ia 4500
003 - CONTROL NUMBER IDENTIFIER
control field OSt
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20201212155852.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 181105s2011 xx 000 0 und
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9781349337613
040 ## - CATALOGING SOURCE
Transcribing agency nls
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 335.412 NIC
245 ## - TITLE STATEMENT
Title Marxs theory of price and its modern rivals
245 ## - TITLE STATEMENT
Remainder of title Nicholas Howard
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. London
Name of publisher, distributor, etc. Palgrave Macmillan
Date of publication, distribution, etc. 2011
300 ## - PHYSICAL DESCRIPTION
Extent 217P
Other physical details ix
Dimensions PB
500 ## - GENERAL NOTE
General note Marxian Economics
500 ## - GENERAL NOTE
General note Microeconomics
500 ## - GENERAL NOTE
General note Prices
505 ## - FORMATTED CONTENTS NOTE
Formatted contents note Contents<br/>Preface ix<br/>Chapter 1 Introduction 1<br/>Chapter 2 Marx’s Theory of Price in the Simple 7 Circulation of Commodities<br/>2.1 Why Marx begins with the simple circulation 7 of commodities<br/>2.2 Understanding the simple commodity circulation 7 process<br/>2.3 Understanding price in simple commodity 9 production<br/>2.4 The magnitudes of reproduction prices 12 Why start with reproduction prices? 12<br/>Relative reproduction prices 13 Money reproduction prices 16 <br/>2.5 Actual prices 22 Actual prices and reproduction prices 22 Possibility of divergences 24<br/>Sources of divergences 24 The price adjustment process 25<br/>2.6 A digression on social and abstract labour 26 <br/>Chapter 3 Marx’s Theory of Price – Capitalist Commodity 29 Production<br/>3.1 Understanding prices in capitalism 29<br/>3.2 Marx’s approach to explaining the magnitudes of 31 prices in capitalism<br/>3.3 The magnitudes of ‘prices of production’ 34 Relative prices of production 34 Marx’s transformation procedure 39 Supply and demand 40 Money prices of production 41<br/>3.4 Changes in prices of production 44 Relative prices of production 44 Money prices of production 45<br/>3.5 Prices of production with non-producible inputs 47<br/>3.6 Monopoly prices 50 v<br/>3.7 Market prices 52 Possibility of divergences 52 Nature of divergences 53 Causes of divergences 54<br/>The price adjustment process 54 <br/>Chapter 4 Marx on Smith and Ricardo 61<br/>4.1 Adam Smith 61<br/>4.2 Ricardo 64<br/>Chapter 5 Marxist Interpretations of Marx’s Theory 70 of Price<br/>5.1 Traditional interpretation 70 <br/>Marx’s ‘transformation problem’ 71 Monopoly capitalism 74<br/>5.2 Modern interpretations 77 The New Interpretation 77 The Temporal Single System Interpretation 83<br/>Chapter 6 The Neoclassical Theory of Price 88<br/>6.1 Introduction 88<br/>6.2 The exchange process 89<br/>6.3 Understanding price 92 The pre-condition for the existence of prices 92 Formation of prices 92<br/>Form of prices 95 Purpose of prices 96 Nature of prices 97 Relative prices 97 Money prices 98<br/>6.4 Price constructs 99 Equilibrium prices 99 Long- and short-run prices 101 Competitive and monopoly prices 102 Relative and money prices 104 <br/>6.5 The magnitude of equilibrium relative price 105<br/>6.6 Changes in equilibrium relative price magnitudes 107 <br/>6.7 The magnitude of monopoly price 108<br/>6.8 The value of money and equilibrium money price 110 level<br/>6.9 The price adjustment process 113 Relative prices 113 Money prices 116 vi Contents<br/>Chapter 7 The Post Keynesian Theory of Price 119 7.1 Introduction 119<br/>7.2 Focus and method 121<br/>7.3 The exchange process 122<br/>7.4 Understanding price 123 The pre-condition for the existence of price 123 Formation of prices 124<br/>Form of prices 126 Purpose of prices 126 Nature of prices 128 <br/>7.5 Explicit and implicit price constructs 130 Disequilibrium prices 130 Long- and short-run prices 131<br/>Competitive and non-competitive prices 132 Relative and money prices 134<br/>7.6 The magnitude of price 134<br/>7.7 Changes in price magnitudes 136<br/>7.8 The value of money and the aggregate money 138 price level<br/>7.9 The price adjustment process 140<br/>Chapter 8 Sraffa’s Theory of Price 142<br/>8.1 Focus, method and approach 143<br/>8.2 The exchange process 148<br/>8.3 Understanding price 149 Formation of prices 149 Form of prices 153 Purpose of prices 153<br/>Nature of prices 155 <br/>8.4 Implicit price constructs 157 Equilibrium and long-run prices 158<br/>Competitive and non-competitive prices 159 Relative and money prices 161<br/>8.5 The magnitude of relative price 161 Subsistence production 161 Surplus production 164 Single-product industries 164 Joint-product industries 166 Fixed capital 168<br/>Non-produced inputs 170 Contents vii<br/>8.6 Changes in relative price magnitudes 172 The core arguments 172 Extensions 175 Joint products 175 Non-produced inputs 176<br/>8.7 The magnitudes of money prices 176 <br/>Chapter 9 Concluding Remarks 178<br/>9.1 Marx’s contribution to the theory of price, or 178 why choose Marx?<br/>9.2 Locating Marx’s theory of price 183<br/>9.3 The significance of rehabilitating Marx’s theory 184 of price Notes 186 <br/>References 199<br/>Author Index 209<br/>Subject Index 212<br/>
856 ## - ELECTRONIC LOCATION AND ACCESS
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          National Law School National Law School MPP Section 12.06.2017   335.412 NIC 35251 05.11.2018 05.11.2018 BOOKs