The Economics of Karl Marx

This book presents an account and technical assessment of Marxs economic analysis in Capital with particular reference to the transformation and the surplus-value doctrine the reproduction schemes the falling real-wage and profit rates and the trade cycle. The focus is on criticisms that Marx himself might have been expected to face in his day and age. In addition it offers a chronological study of the evolution of that analysis from the early 1840s through three drafts: documents of the late 1840s the Grundrisse of 18571858 and the Economic Manuscripts of 18611863. It also provides three studies in application focusing on Marxs evolutionary orientation in his evaluation of the transition to communism and his rejection of egalitarianism under both capitalist and communist regimes; his evolving perspective on the role of the industrial entrepreneur; and his evolving appreciation of the prospects for welfare reform within capitalism. Throughout Hollander emphasizes Marxs relation with orthodox canonical classicism.