Global Capitalism and Imperialism Theory: Methodological and Substantive Insights from Rosa Luxemburg

Veneziani, Roberto

doi:10.1080/09538250902834004

Cited by 3 publications

(2 citation statements)

References 27 publications

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“…We examine neither the relevance of power and coercion in exploitative relations, nor the dynamics of exploitation. For a discussion of power and the persistence of exploitation, see Veneziani (2007Veneziani ( , 2009aVeneziani ( ,c, 2013, Veneziani and Yoshihara (2015b), and Cogliano, Veneziani, and Yoshihara (2016). For a critique of merely distributive approaches, see Veneziani (2008Veneziani ( , 2009bVeneziani ( , 2012.…”

Section: Themes Of the Projectmentioning

confidence: 99%

Value, Competition and Exploitation

Cogliano¹,

Fröhlich²,

Veneziani³

et al. 2018

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1 François Quesnay: The Circular Flow of Income and Input-Output Analysis 1.1 Introduction 1.2 An early example of global economic reasoning 1.3 Input-output analysis: Surplus, multipliers and connectedness 1.4 Contemporary empirical input-output tables 1.5 Conclusions 1.6 Appendix: Further properties of matrices 2 Adam Smith: The "Invisible Hand" and Accumulation 2.1 Ruthless competition: The invisible hand in the early and rude state of society 2.2 The structure of the economy 2.3 Classical competition 2.4 CCE: Equilibrium and efficiency 2.5 Real wages and Malthusian population dynamics: Efficient pauperization v vi Value, Competition and Exploitation 2.6 Conclusions 2.7 Appendix: The neoclassical theory of the firm and capital accumulation 3 Adam Smith II: The "Invisible Hand" and "Natural Prices" 3.1 Restless competition II: Values and natural prices 3.2 Values and prices in the early and rude state 3.3 The multi-sector economy. Economic propositions and mathematical theorems 3.4 Empirical examples of wage-profit curves 3.5 Conclusions 4 David Ricardo: Long-Period Prices, Accumulation, and the Invariable Measure of Value 4.1 Introduction 4.2 Production data and labor values 4.3 Price equations and the wage-profit curve 4.4 Quantity equations and the consumption-growth curve 4.5 Income distribution, savings and the Classical closure 4.6 Differentiated saving habits and multiple equilibria 4.7 Proportions in production and relative price movements 4.8 The choice of numéraire: The foredoomed search for an invariable measure of value 4.9 Actual income shares in the open economy 4.10 Substitution and the choice of technique 4.11 Conclusions 5 The von Neumann-Sraffa Model 5.1 The von Neumann growth model 5.2 The gravitation of market prices in a square von Neumann-Sraffa system 5.3 Process and product extinction in the classical gravitation process 5.4 Conclusions Contents vii Part II Value and Exploitation: Marx's Legacy 6 Labor Values: An Axiomatic Approach 6.1 Introduction 6.2 The labor content of commodities: The real side of social interdependence 6.3 Basic principles when generalizing labor values 6.4 Simple quantitative features of the Labor Theory of Value 6.5 Pragmatic uses and applications of the notion of labor values 6.6 Conclusions 7 Labor Productivity and the Law of Decreasing Labor Content Contents ix 13.3 Theoretical aspects of wage-profit curve measurements 13.4 Wage-profit curve measurement: An example 13.5 Conclusions 13.6 Appendix 1: Linear wage-profit curves and capital intensities 13.7 Appendix 2: Capital consumed and capital advanced 14 Conclusions 14.1 The way forward References Index List of Figures 2.1 The optimal allocation of labor in corn production 2.2 Income distribution in a classical corn economy 2.3 Adjustment path towards the steady state after an increase in agricultural productivity or when agricultural taxation is reduced 2.4 Income distribution in the neoclassical manufacturer world3.1 The wage-profit curve and the conflict over income distribution with manufactured means of p...

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Section: Themes Of the Projectmentioning

confidence: 99%

Value, Competition and Exploitation

Cogliano¹,

Fröhlich²,

Veneziani³

et al. 2018

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“…16 16 Some authors more generally question the use of formal models in critical social theory. For a critical analysis, see Veneziani (2008c, 2009). …”

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confidence: 99%

Analytical Marxism

Veneziani

2010

Journal of Economic Surveys

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This paper provides a comprehensive survey of the literature on Analytical Marxism (AM) and analyses its relevance for social theory. AM is precisely defined and distinguished from Rational Choice Marxism (RCM). The different substantive implications of the two approaches are discussed: according to RCM, the role of Marxism in the social sciences is exhausted, whereas AM has reconstructed a set of propositions that aim to provide the foundations of a distinctive approach in social theory. The methodological debate around and within AM is analysed and the shortcomings of methodological individualism and rational choice theory are stressed, raising doubts on the claim that RCM is the only scientific approach to Marx's theory. Yet, wholesale rejections on a priori methodological or exegetical grounds are questioned. A focused, immanent critique of RCM is developed, which emphasizes the lack of an adequate analysis of structural constraints and endogenous preferences in RCM models. It is argued that the analysis of endogenous preferences and structural constraints is consistent with an anti-reductionist AM approach and it may provide the outline of a fertile, distinctive research programme in explanatory social theory that builds on the core of Marxism identified by AM.

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Rosa Luxemburg and Contemporary Capitalism

Albo¹

2016

Rosa Luxemburg: A Permanent Challenge for Political Economy

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Global Capitalism and Imperialism Theory: Methodological and Substantive Insights from Rosa Luxemburg

Cited by 3 publications

References 27 publications

Value, Competition and Exploitation

Value, Competition and Exploitation

Analytical Marxism

Rosa Luxemburg and Contemporary Capitalism

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