The Economics of Karl Marx

Part I. Capital: Principal Features of the Marxian
Canon
: 1. Value and distribution; 2. Elements of growth theory; 3. Economic growth and the falling real-wage trend; 4. Economic growth and the falling rate of profit; 5. The cyclical dimension; Part II. Origins: Marx in the 1840s: 6. Marx
s economics 1843
1845; 7. A
first draft
of Capital 1847
1849; Part III. A
Second Draft
of Capital: The Grundrisse 1857
1858: 8. 1857
1858 I: surplus value; 9. On value
realization
; Part IV. A
Third Draft
of Capital: The Economic Manuscripts 1861
1863: 10. 1861
1863 I: surplus value
profit, rent, and interest; 11. 1861
1863 II: sectoral analysis, accumulation, and stability; 12. 1861
1863 III: the labor market; Part V. Topics in Application: 13. Economic organization and the equality issue; 14. Is there a Marxian
entrepreneur
? On the functions of the industrial capitalist; 15. Principles of social reform; Conclusion: a recapitulation and overview.

'This is vintage Hollander: beautifully written, highly opinionated and extremely well researched. It is the culmination of decades of scholarship on classical and post-classical political economy. Many readers will question Hollander's interpretation of Marx as an unsuccessful predecessor of Walras, but few will fail to be stimulated, or provoked, by this book.' John King, La Trobe University 'For those hoping for an understanding of Marx and Marx's economics, the long wait is over. Samuel Hollander has delivered a masterpiece. All of the old disturbing puzzles are revealed and resolved: from value and distribution, to the falling rate of profit, growth and cycle and the thorny and infamous transformation problem itself. From cover-to-cover, the care and breadth of exposition, the insight and the scholarship are nothing short of breathtaking. This is truly a major event for economists, social and political scientists and intellectual historians, and no less a landmark achievement in the history of economic thought. All those interested not only in the historical Marx, but also in the true nature and significance of his work to modern economics and present-day concerns (including Marx on equity, the role of the entrepreneur and the process of social reform) will relish at the turn of every page of this wonderful book.' Tom Kompas, The Australian National University 'The detailed arguments are typically first class, and always well presented. ... Historians of economic thought will benefit most, but scholars from other disciplines will also find Samuel Hollander's book to be an excellent reference source.' Journal of the History of Economic Thought