After Marx and Sraffa

Recent events in Eastern Europe have underlined the limitations of Marxian economic and political theory. In this collection of essays Hodgson subjects Marxian economic theory to critical examination and shows which elements retain their modern relevance. After analysing the contribution of Sraffa, and indicating its critical potential and theoretical limitations, Hodgson points to a new synthesis embracing Marx, Keynes and Veblen.

Inhalt
Preface - Acknowledgements - PART 1 MARXIAN AND SRAFFIAN ECONOMICS - Marxian Economics: Value and Limitations - The Theory of the Falling Rate of Profit - Sraffa, Value and Distribution: An Expository Essay on the Capital Controversy - Marx without the Labour Theory of Value - Marxism without Tears: Reflections on 'Rational Choice Marxism' - Marx after Robinson: An Essay on the Distinction between Production and Exchange and Related Matters - PART 2 TOWARDS A NEW ECONOMICS - Theoretical and Policy Implications of Variable Productivity - Worker Participation and Macroeconomic Efficiency - Economic Pluralism and Self-Management - Economics and Systems Theory - Post Keynesianism and Institutionalism: The Missing Link - Institutional Economic Theory: The Old versus the New - Institutional Rigidities and Economic Growth - Bibliography - Index