An Introduction to Post-Keynesian and Marxian Theories of Value and Price

Download or read book An Introduction to Post-Keynesian and Marxian Theories of Value and Price written by Peter M. Lichtenstein and published by Taylor & Francis. This book was released on 2017-01-20 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peter M. Lichtenstein believes that any social-economic theory of capitalism must begin with a theory of value and price. Dismissing the neoclassical school, he turns to post-Keynesian and Marxian economics with their coherent and consistent theories of value and price based on concrete objective circumstances. The development of these theories in the author’s aim because he believes that this approach comes much closer than neoclassical theory to capturing the essence of a capitalism economy. This book, first published in 1983, is addressed to economics students, especially to those studying microeconomics or the history of economic thought, and to economists seeking an overview of these issues.