By Joan Robinson
An Essay on Marxian Economics is a 1942 ebook (here in its moment, 1966 version) approximately Karl Marx's Economics by way of Joan Robinson. the 1st paintings through an Orthodox Economist on Marx because the nineteenth century, it bought either compliment and feedback from commentators.
It's a succinct and amazing exam by means of one of many best British Economists of the 20 th century. Don't be fooled through the size, regardless of clocking in at slightly a hundred pages (excluding front topic and index), the publication is very technical and examines Marxism in Keynesian phrases - and re-examines a number of Keynesian paradigms in addition. The booklet assumes familiarity with Keynesianism (Mainstream Economics) yet no earlier wisdom of Marx is required.
This is the 1966 second variation 1974 printing. Macmillan. Papermac a hundred and sixty refers back to the quantity within the MacMillan series/imprint (primarily labor/progressive materials). The rosette is the brand for the imprint. 10/6 is the cost.
A own favourite of mine, yet seldom learn, unfortunately, as with a lot of Robinson - and out of print for a long time. I downloaded this experiment on one other tracker some time in the past. So credits to the unique scanner. It had major caliber matters, even though.
The pages weren't break up, there have been plenty and plenty of shadows, skewing, and a few different issues. I did an intensive quantity of labor - slicing pages to unmarried pages, after which interleaving them, batch modifying ordinary shadows, disguise re-design (I re-created the unique disguise as heavily as attainable, yet further a few pink to make it extra visible), OCR, bookmarks, de-skewing, and at last simply begun web page by way of web page recovery in Photoshop to treatment a large number of difficulties that needed to be performed by means of hand (primarily abnormal shadow removing, even though additionally pencil markings and visible harm to the paper obvious at the test which created grain).
P.S. enable me be aware of when you learn it!
P.P.S. fascinating little bit of trivialities - Robinson used to be Amartya Sen's diss consultant.
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From the exchange Paperback version.
Extra resources for An Essay on Marxian Economics
Suppose there are two pieces of land on which the conditions shown in the table below obtain. Suppose that 25 men are available. To follow the principle of making the value of wheat equal on alpha and beta land 26 THB LABOUll THBOllY OF VALUE Men Employed Average Output per Man Wheat Produeed Alpha Land 10 15 10 15 I 100 120 I Beta Land 80 105 10 8 8 7 it would be necessary to allocate 15 men to alpha and 10 to beta. The total product would then be 200, and output per man would be 8 on each piece of land.
I, p. 411(57' . • One passage (Vol. UI, pp. S06·8 Cs suggesu that Marx did not take this view and that he regarded the corrcct system as ODe in wbich prices ue proportional to labour cost, excluding depreciation' of equipment. Engels ,tates that this passage was ' expanded by hirn from a note in the manuscript, and perbaps somc confusion aept in' in the process. Man: conceives of depreciation u equivalent to wear and tear. : not a sodal cost, ODee the investment has been made, though it mwt be taken into account in '» planning new investment.
A use-value, or useful article, has value only because human labour in the abstract has been embodied or materialised in it. How, then, is the magnitude of this value to be measured? Plainly, by the quantity ' of the value-creating substance, the labour, contained in the article. " I The standard of measurement is labourof average quaIity. "All labour of a higher or more complicated character than average labour 'is expenditure of labourpower of a more costly kind, labour-power whose production has cost more time and labour; and which therefore , Vol.
An Essay on Marxian Economics by Joan Robinson