The economics of Karl Marx : analysis and application / Samuel Hollander.

Includes Index.

Includes bibliographical references (p. 501-518) and index.

Capital : principle features of the Marxian "canon" -- Value and distribution -- On "demand-supply" analysis -- The transformation of values into prices: formal analysis -- The transformation and the allocation mechanism -- Competition constrained : land scarcity and firm size -- On "market value" and competition -- The inverse wage-profit relation and profit-rate equalization -- Materials, the luxury-goods sector and the general profit rate -- The rate of surplus value as endogenous variable -- More on final demand and distribution -- Marx's strategy -- The Baumol-Samuelson debate -- Elements of growth theory -- Setting the stage : stationary reproduction as circular-flow process -- Capital accumulation -- Determinants of the rate of accumulation -- The "simple reproduction" scheme -- The "extended reproduction" scheme -- Economic growth and the falling real-wage trend -- The falling wage trend -- The subsistence wage and the value of labor power -- The falling wage trend and population growth -- The industrial Reserve Army and cyclical wage fluctuations -- Inter-sectoral labor movements -- The participation rate -- Objections to Malthus -- Economic growth and the falling rate of profit -- The basic analysis -- The conditions for a falling rate of profit -- Increasing rate of surplus value and cheapening of constant capital -- The limited impact of a rising rate of surplus value -- Implications of differential rates of productivity increase -- Technical progress and the falling profit rate : an overview -- On secular underconsumption -- On the significance of the falling profit rate -- The cyclical dimension -- The cyclical chronology -- Trend and cycle : causal mechanisms -- The raw material constraint and upper turning point -- The labor constraint and upper turning point -- The monetary dimension -- A note on the "echo effect" -- Inter- and intra-departmental imbalance -- Origins: marx in the 1840s -- Marx's economics 1843-45 -- Price theory -- Wage-rate and profit-rate trends -- The private property system : Ricardo as bete noire -- On aggregate demand and "overproduction" -- In partial defence of Proudhon -- Objections to Friedrich list -- "First draft" of Capital 1847--49 -- Allocation and cost price : the labor theory -- Differential rent -- Labor as commodity -- On "labor power" and the source of surplus value -- The inverse wage-profit relation -- The falling real-wage trend -- Increasing organic composition, demographic patterns and the Reserve Army -- Profit-rate determination : "competition of capitals" -- Labor and free trade : on Marx's Ricardian bonafides -- "Second draft" of capital : the Grundrisse 1857-1858 -- 1857-58 I : surplus value -- The basic doctrine -- Surplus value and the transition to growth -- Elements of a growth model : productivity increase, population growth and the reserve of unemployed -- The falling rate of profit -- The "transformation" -- A Marxian "reply" to Bohm-Bawerk -- Surplus value : matters of timing and indebtedness -- On Ricardo and surplus value : an excursus -- 1857-58 II : on value realization and the overproduction problem -- Capital turnover : a circular-flow process -- Value realization and overproduction -- On the law of markets and the overproduction literature -- On working-class consumption -- "Third draft" of Capital : the economic manuscripts, 1861- 63 -- 1861-1863 I : surplus value profit, rent, and interest -- Profit-rate equalization and the transformation -- The transformation aborted: absolute rent and the priority of the industrial sector -- The falling rate of profit -- Materials costs, the luxury sector and the general profit rate -- The rate of interest -- Commercial capital and the surplus-value doctrine -- 1861-1863 II : sectorial analysis, accumulation, and stability -- Sectoral analysis and the constant capital "riddle" -- Conditions for "continuous" accumulation -- On overproduction -- The secular-cyclical nexus -- Sources of cyclical instability -- The recovery process : corrective mechanisms -- On the overproduction literature -- 186-63 III : the labor market.