Good condition. Hardback includes dustcover. Some wear to dust cover, including foxing and tears at top and bottom of spine. First page is stained. Some underlining with pencil.
Mrs. Robinson does not (unlike some academic critics) attempt to score debating points at the expense of superficial inconsistencies in Marx's analysis, but looking below the surface, brings the substance of his argument into a clear light. The famous puzzle of the "Labour theory of value" is shown to be largely irrelevant to the main issues, which concern, not the theory of value, but the analysis of the distribution of total income between labour and property, and the theory of the causation of economic crisis.In these fields, modern academic critics of the older orthodoxy hve (often unwittingly) a strong affinity to Marx. In particular, the late Lord Keynes's theory of employment rests upon the same foundation as the analysis of the balance between capital - good and consumption - good industries developed in Volume II of Capital; while the modern theory of imperfect competition leads up to a theory of distribution very similar to that of Marx. At the same time, some points in Marx's scheme of ideas are quite incompatible with the modern theory. Mrs. Robinson's comparison of these systems of thought, Marxian, orthodox and modern, sheds fresh light on all three, and isolates certain outstanding problems which all three have failed to have.