Bibliographic Details

Beyond Capital : Marx's political economy of the working class / Michael A. Lebowitz.

Author / Creator Lebowitz, Michael A.
Imprint New York : St. Martin's Press, 1992.
Description xii, 187 p. : ill. ; 23 cm.
Language English
Subject Marxian economics
Labor economics
Capital
Capital.
Labor economics.
Marxian economics.
Format Print, Book
URL for this record http://pi.lib.uchicago.edu/1001/cat/bib/1164146
ISBN 0312061854 (cloth)
0312061862 (paper)
Notes Includes bibliographical references (p. 179-184) and index.
Review by Choice Review

The principal point here is simple, but the message is obscured by unnecessary technical jargon, tangential issues, and the degree to which the author perseverates on the main theme. The essence of the contribution in this: The "real" nature of mature capitalism and Marx's predictions can only be correctly understood by integrating Das Kapital with other works such as Grundrisse, Economic and Philosophic Manuscripts of 1844, as well as material on wage-labor which Marx intended but did not write. Viewed as a whole system, capital and labor existing as opposites in conflict yet in unity (Hegel), there appears to be no "old" versus "young" Marx and therefore no contradiction between historical determinism and humanism. Thus class struggle remains the independent variable in the system and the key methodological element in comprehending the dynamics of "real" capitalism. True Marxian orthodoxy, the author tells us, is to be found in understanding that while Das Kapital focuses on the valuation process of nonlabor commodities, there is a separate valuation process, a conflict between labor and capital, in the setting of the subsistence wage. Here the determination of subsistence is a function of what the productive force makes necessary at each stage of capitalist development. The author concludes that subsistence is neither absolute nor relative as such but the consequence of the changing requirements of the productive force and the class struggle over division of the "loot," to use Marx's term. For graduate and research collections.-A. Balinky, emeritus, Rutgers, The State University of New Jersey, New Brunswick

Copyright American Library Association, used with permission.
Review by Choice Review