Marxist Economics

  • Andrew Glyn
Part of the The New Palgrave book series (NPA)


By Marxist economics we mean the work of those later economists who based their methodology and approach on the work of Karl Marx. Excluded from discussion here is the enormous body of exegetical literature seeking to amplify the genesis of and development of Marx’s own thinking (Rosdolsky, 1968). Before discussing three areas where the contribution of Marxists has been most striking and important, it is helpful to bear in mind certain general features of their approach which could be said to separate them off from other traditions in economic theory.


Real Wage Labour Time Labour Power Profit Rate Organic Composition 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Aglietta, M. 1979. A Theory of Capitalist Regulation. London: New Left Books.Google Scholar
  2. Armstrong, P., Glyn, A. and Harrison, J. 1984. Capitalism Since World War II. London: Fontana.Google Scholar
  3. Baran, P. and Sweezy, P. 1966. Monopoly Capital. New York: Monthly Review Press.Google Scholar
  4. Böhm-Bawerk, E. 1896. Karl Marx and the Close of his System. Ed. P. Sweezy, New York: Kelly, 1948. (First published in German.)Google Scholar
  5. Bortkiewicz, L. von. 1906. On the correction of Marx’s fundamental theoretical construction in the third volume of Capital. In Böhm-Bawerk (1948). (First published in German.)Google Scholar
  6. Bowles, S. 1985. The production process in a competitive economy. American Economic Review 75(2), March, 16–36.Google Scholar
  7. Bowles, S., Gordon, D. and Weisskopf, T. 1983. Beyond the Wasteland. New York: Anchor Press.Google Scholar
  8. Boyer, M. 1979. Wage information in historical perspective: the French experience. Cambridge Journal of Economics 3(2), June, 99–118.Google Scholar
  9. Braverman, H. 1972. Labor and Monopoly Capital. New York: Monthly Review Press.Google Scholar
  10. Bukharin, N. 1924. Imperialism and the Accumulation of Capital. Ed. K. Tarbuck, London: Allen Lane, 1972. (First published in German.)Google Scholar
  11. Dobb, M. 1937. Political Economy and Capitalism. London: Routledge & Kegan Paul.Google Scholar
  12. Edwards, R. 1979. Contested Terrain. London: Heinemann.Google Scholar
  13. Fine, B. and Harris, L. 1978. Rereading Capital. London: Macmillan.Google Scholar
  14. Gillman, J. 1957. The Falling Rate of Profit. London: Dobson.Google Scholar
  15. Glyn, A. and Sutcliffe, B. 1972. British Capitalism, Workers and the Profit Squeeze. Harmondsworth: Penguin.Google Scholar
  16. Gough, I. 1979. The Political Economy of the Welfare State. London: Macmillan.Google Scholar
  17. Hilferding, R. 1910. Finance Capital. London: Routledge & Kegan Paul, 1981. (First published in German.)Google Scholar
  18. Himmelweit, S. and Mohun, S. 1981. Real abstractions and anomalous assumptions. In The Value Controversy, ed. I. Steedman et al., London: Verso.Google Scholar
  19. Itoh, M. 1980. Value and Crisis. London: Pluto Press.Google Scholar
  20. Kalecki, M. 1971. Selected Essays on the Dynamics of the Capitalist Economies. Cambridge: Cambridge University Press.Google Scholar
  21. King, J. 1982. Value and exploitation: some recent debates. In Classical and Marxian Political Economy, ed. I. Bradley and J. Howard, London: Macmillan.Google Scholar
  22. Luxemburg, R. 1913. The Accumulation of Capital. London: Routledge & Kegan Paul, 1951. (First published in German.)Google Scholar
  23. Mandel, E. 1962. Marxist Economic Theory. London: Merlin.Google Scholar
  24. Mandel, E. 1975. Late Capitalism. London: New Left Books.Google Scholar
  25. Marglin, S. 1984. Growth, Distribution and Prices. Cambridge, Mass.: Harvard University Press.Google Scholar
  26. Medio, A. 1972. Profits and surplus value. In A Critique of Economic Theory, ed. E. Hunt and J. Schwartz, Harmondsworth: Penguin.Google Scholar
  27. Morishima, M. 1973. Marx’s Economics. Cambridge: Cambridge University Press.Google Scholar
  28. O’Connor, J. 1973. The Fiscal Crisis of The State. New York: St Martin’s Press.Google Scholar
  29. Okishio, N. 1961. Technical change and the rate of profit. Kobe University Economic Review 7, 85–99.Google Scholar
  30. Parijs, P. van. 1980. The falling-rate of profit theory of crisis. Review of Radical Political Economics 12(1), Spring, 1–16.CrossRefGoogle Scholar
  31. Robinson, J. 1942. An Essay on Marxian Economics. London: Macmillan.Google Scholar
  32. Rosdolsky, R. 1968. The Making of Marx’s Capital. London: Pluto Press, 1977. (First published in German.)Google Scholar
  33. Rowthorn, R. 1980. Capitalism, Conflict and Inflation. London: Lawrence & Wishart.Google Scholar
  34. Rubin, I. 1928. Essays on Marx’s Theory of Value. Detroit: Black & Red, 1972. (First published in Russian.)Google Scholar
  35. Samuelson, P. 1971. Understanding the Marxian notion of exploitation. Journal of Economic Literature 9, June, 399–431.Google Scholar
  36. Sen, A. 1978. On the labour theory of value. Cambridge Journal of Economics, June, 175–80.Google Scholar
  37. Seton, F. 1957. The transformation problem. Review of Economic Studies 24, June, 149–60.CrossRefGoogle Scholar
  38. Shaikh, A. 1978. Political economy and capitalism. Cambridge Journal of Economics 2(2), June, 232–51.Google Scholar
  39. Shaikh, A. 1981. The poverty of algebra. In The Value Controversy, ed. I. Steedman et al., London: Verso.Google Scholar
  40. Sraffa, P. 1960. Production of Commodities by Means of Commodities. Cambridge: Cambridge University Press.Google Scholar
  41. Steedman, I. 1977. Marx After Sraffa. London: New Left Books.Google Scholar
  42. Steindl, J. 1952. Maturity and Stagnation in American Capitalism. Oxford: Blackwell.Google Scholar
  43. Sweezy, P. 1942. The Theory of Capitalist Development. New York: Monthly Review Press.Google Scholar
  44. Vroey, M. de. 1984. A regulation approach interpretation of the contemporary crisis. Capital and Class 23, Summer, 45–66.CrossRefGoogle Scholar
  45. Willman, P. and Winch, G. 1985. Innovation and Management Control. Cambridge: Cambridge University Press.Google Scholar
  46. Woolf, E. 1979. The rate of surplus value, the organic composition of capital and the general rate of profit in the US economy 1947–67. American Economic Review 69(3), June, 329–41.Google Scholar

Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1991

Authors and Affiliations

  • Andrew Glyn

There are no affiliations available

Personalised recommendations