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About The Book
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Classic work of political economics. In this classic work of political economy Emmanuel Farjoun and Moshé Machover rebuild two fundamental concepts of the discipline: price and profit. They redefine the basic notions of political economy relying on probabilistic–statistical methods of the kind used in the modern foundations of other sciences. This amounts to a rigorous new foundation of the labour theory of value.. A defining work of Econophysics republished for the first time since 1983 Laws of Chaos remains a challenging innovative work of Marxist economics.