Abstract
This article summarizes the methodology and economics of Karl Marx. After a brief account of his life, it deals with his historical materialism, and then his labour theory of value, his theories of rent, money, surplus value, and crises, his account of the laws of motion of the capitalism mode of production, and his and Engels’s conception of the economy of post-capitalist societies.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
There are innumerable books and articles devoted to comments or elaborations on Marx’s economic thought, or which criticize them. We list here those works we refer to in the above text, as well as those we consider the most important ones (based, needless to say, upon subjective judgement).
Baran, P.A. 1957. The political economy of growth. London: John Calder.
Baran, P.A., and P.M. Sweezy. 1966. Monopoly capital. New York/London: Monthly Review Press.
Böhm-Bawerk, E. von. 1896. Zum Abschluss des Marxschen Systems. English edn, Karl Marx and the Close of this System, including a reply by Rudolf Hilferding, Böhm-Bawerk’s Criticism of Karl Marx, ed. P.M. Sweezy. New York: Augustus M. Kelley, 1949.
Bortkiewicz, L. von. 1907. Zur Berichtigung der grundlegenden theoretischen Konstruktion von Marx im Dritten Band des ‘Kapital’. Trans. P.M. Sweezy as ‘On the Correction of Marx’s Fundamental Theoretical Construction in the Third Volume of Capital’. In Böhm-Bawerk (1949), 197–221.
Braverman, H. 1974. Labor and monopoly capital: The degradation of work in the twentieth century. New York/London: Monthly Review Press.
Bronfenbrenner, M. 1970. The vicissitudes of Marxian economics. London.
Bukharin, N. 1914. Imperialism and world economy. English trans. London: M. Lawrence, 1915.
Bukharin, N. 1926. Imperialism and the accumulation of capital. Trans. R. Wichmann, ed. K.J. Tarbuck. London: Allen Lane, 1972.
Dobb, M. 1937. Political economy and capitalism: Some essays in economic tradition. London: G. Routledge & Sons. Reprinted Westport, Conn.: Greenwood Press, 1972.
Emmanuel, A. 1969. L’échange inégal. Essai sur les antagonismes dans les rapports économiques internationaux. Paris: François Maspero. Trans. B. Pearce as Unequal Exchange: A Study of the Imperialism of Trade. London: New Left Books, 1972.
Grossman, H. 1929. Das Akkumulations- und Zusammenbruchsgesetz des kapitalistischen Systems. Leipzig: C.L. Hirschfeld.
Hayek, F.A. von. 1944. The road to serfdom. Chicago/London: University of Chicago Press/G. Routledge & Sons.
Hilferding, R. 1910. Das Finanzkapital. Vienna: Wiener Volksbuchhandlung. Trans. M. Watnick and S. Gordon, ed. T. Bottomore as Finance Capital. London: Routledge & Kegan Paul, 1981.
Itoh, M. 1980. Value and crisis: Essays on Marxian economics in Japan. London: Pluto.
Kolakowski, L. 1976–8. Main currents of Marxism: Its rise, growth and dissolution, 3 vols. Trans. P.S. Falla. Oxford: Clarendon Press, 1978.
Lange, O. 1963. Political economy, 2 vols. Trans. and ed. P.F. Knightsfield. Oxford: Pergamon Press; Warsaw: PWN – Polish Scientific Publishers.
Lange, O. and F.M. Taylor. 1938. On the economic theory of socialism, 2 vols. Minneapolis: University of Minnesota Press.
Lenin, V.I. 1917. Imperialism, last stage of capitalism. Petrograd. English trans., Imperialism, the Highest Stage of Capitalism. Moscow: Foreign Languages Publishing House, 1947.
Leontief, W. 1938. The significance of Marxian economics for present-day economic theory. American Economic Review, Supplement, March. Reprinted in Marx and modern economists, ed. D. Horowitz. London: MacGibbon & Kee, 1968.
Luxemburg, R. 1913. Akkumulation des Kapitals. Trans. A. Schwarzschild, with an introduction by J. Robinson, as The Accumulation of Capital. London: Routledge & Kegan Paul, 1951.
Mandel, E. 1962. Traité d’économie marxiste. Paris: R. Juillard. Trans. B. Pearce as Marxist Economic Theory, 2 vols. London: Merlin Press, 1968.
Mandel, E. 1972. Der Spätkapitalismus. Frankfurt am Main: Suhrkampf. Trans. J. De Bres as Late Capitalism. London: New Left Books. Revised edn, 1975.
Mandel, E. 1980. Long waves of capitalist development: The Marxist interpretation. Cambridge: Cambridge University Press.
Mandel, E., and A. Freeman, eds. 1984. Ricardo, Marx, Sraffa. London: Verso.
Mattick, P. 1969. Marx and Keynes: The limits of the mixed economy. Boston: P. Sargent.
Mises, L. von. 1920. Die Wirtschaftsrechnung im sozialistischen Gemeinwesen. Trans. S. Adler as ‘Economic Calculations in the Socialist Commonwealth’. In Collectivist economic planning, ed. F.A. von Hayek. London: G. Routledge & Sons, 1935.
Morishima, M. 1973. Marx’s economics: A dual theory of value and growth. Cambridge: Cambridge University Press.
Nutzinger, H.G., and E. Wolfstetter, eds. 1974. Die Marx’sche Theorie und ihre Kritik, 2 vols. Frankfurt am Main: Campus.
Pareto, V. 1966. Marxisme et économie pure. Geneva: Droz.
Popper, K. 1945. The open society and its enemies, 2 vols. London: G. Routledge & Sons.
Robinson, J. 1942. An essay on Marxian Economics, 2nd edn. London: Macmillan, 1966.
Rosdolsky, R. 1968. Entstehungsgeschichte des Marxschen ‘Kapital’. Frankfurt am Main: Europäische Verlagsanstalt. Trans. P. Burgess as The Making of Marx’s Capital. London: Pluto Press, 1977.
Rubin, I.I. 1928. Essays on Marx’s theory of value. Moscow. English trans., Detroit: Black and Red, 1972.
Schumpeter, J. 1942. Capitalism, socialism and democracy. New York/London: Harper & Brothers.
Sraffa, D. 1960. Production of commodities by means of commodities. Cambridge: Cambridge University Press.
Steedman, I. 1977. Marx after Sraffa. London: New Left Books.
Sternberg, F. 1926. Der Imperialismus. Berlin: Malik-Verlag.
Sweezy, P.M. 1942. The theory of capitalist development. New York: Monthly Review Press.
Tugan-Baranowsky, M. von 1905. Theoretische Grundlagen der Marxismus. Leipzig: Duncker & Humblot.
Wygodsky, S. 1972. Der gegenwärtige Kapitalismus. Trans. C.S.V. Salt as The Story of a Great Discovery: How Karl Marx wrote ‘Capital’. Tunbridge Wells: Abacus Press.
Bibliographic Addendum
Foley, D. 1986. Understanding capital: Marx’s economic theory. Cambridge, MA: Harvard University Press.
Roemer, J. 1981. Analytical foundations of Marxian economic theory. Cambridge: Cambridge University Press.
Roemer, J. 1988. Free to Lose: An introduction to Marxist economic philosophy. London: Radius.
Outside of economics, important studies include:
Buchanan, A. 1982. Marx and justice. Totowa, NJ: Rowan and Allanhead.
Carver, T. 1998. The post-modern Marx. Manchester: Manchester University Press.
Cohen, G.A. 1988. History, labour, and freedom: Themes from Marx. Oxford: Oxford University Press.
Cohen, G.A. 2000. Karl Marx’s theory of history: A defence, 2nd edn. Oxford: Clarendon Press.
Elster, J. 1985. Making sense of Marx. Cambridge: Cambridge University Press.
Kain, P. 1989. Marx and ethics. Oxford: Oxford University Press.
Roemer, J., ed. 1986. Analytical Marxism. Cambridge: Cambridge University Press.
Rockmore, T. 2002. Marx After Marxism. Oxford: Basil Blackwell.
Van den Berg, A. 1989. The immanent Utopia: From Marxism on the state to the state of Marxism. Princeton: Princeton University Press.
Wolff, J. 2002. Why read Marx today? Oxford: Oxford University Press.
Wood, A. 2004. Karl Marx, 2nd edn. London: Routledge.
All of these are complemented by what remains a classic short introduction to Marx’s ideas:
Berlin, I. 1985. Karl Marx, 4th edn. Oxford: Oxford University Press.
as well as the standard biography of Marx:
McLellan, D. 1996. Karl Marx: A biography, 3rd revised edn. London: Palgrave Macmillan.
Finally,
Bottomore, T., ed. 1983. A dictionary of Marxist thought. Cambridge, MA: Harvard University Press.
is helpful both as a survey and as a mechanism for overcoming language differences between Marxist approaches and others.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Mandel, E. (2018). Marx, Karl Heinrich (1818–1883). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1019
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_1019
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences