Modern imperialism, monopoly finance capital, and Marx's law of value /

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Bibliographic Details
Author / Creator:Amin, Samir, author.
Uniform title:Loi de la valeur et le matâerialisme historique. English
Imprint:New York : Monthly Review Press, [2018]
Description:248 pages ; 22 cm
Language:English
Subject:Capitalism.
Marxian economics.
Value.
Historical materialism.
Capitalism.
Historical materialism.
Marxian economics.
Value.
Format: Print Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11541094
Hidden Bibliographic Details
ISBN:9781583676554
1583676554
9781583676561
1583676562
Notes:Includes bibliographical references and index.
Other form:Online version: Amin, Samir. Modern imperialism, monopoly finance capital, and Marx's law of value. New York, NY : Monthly Review Press, [2018] 9781583676578
Description
Summary:

The complete collection of Samir Amin's work on Marxism value theory

Unlike such obvious forms of oppression as feudalism or slavery, capitalism has been able to survive through its genius for disguising corporate profit imperatives as opportunities for individual human equality and advancement. But it was the genius of Karl Marx, in his masterwork, Capital, to discover the converse law of surplus value: behind the illusion of the democratic, supply-and-demand marketplace, lies the workplace, where people trying to earn a living are required to work way beyond the time it takes to pay their wages. Leave it to the genius of Samir Amin to advance Marx's theories--adding to them the work of radical economists such as Michal Kalecki, Josef Steindl, Paul Baran, and Paul Sweezy--to show how Marxian theory can be adapted to modern economic conditions.

Amin extends Marx's analysis to describe a concept of "imperialist rent" derived from the radically unequal wages paid for the same labor done by people in both the Global North and the Global South, the rich nations and the poor ones. This is global oligopolistic capitalism, in which finance capital has come to dominate worldwide production and distribution. Amin also advances Baran and Sweezy's notion of economic surplus to explain a globally monopolized system in which Marx's "law of value" takes the form of a "law of globalized value," generating a super-exploitation of workers in the Global South. Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value offers readers, in one volume, the complete collection of Samir Amin's work on Marxian value theory. The book includes texts from two of Amin's recent works, Three Essays on Marx's Value Theory and The Law of Worldwide Value, which have provoked considerable controversy and correspondence. Here, Amin answers his critics with a series of letters, clarifying and developing his ideas. This work will occupy an important place among the theoretical resources for anyone involved in the study of contemporary Marxian economic and political theory.

Physical Description:248 pages ; 22 cm
Bibliography:Includes bibliographical references and index.
ISBN:9781583676554
1583676554
9781583676561
1583676562