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The authors' position is one of critical sympathy. They share Marx's hostility to capitalism and his view of economics as a historical social science but, at the same time, they see his work as susceptible to error and in need of refinement. Serious flaws as well as important oversights are revealed; nevertheless, it is argued that Marx's overall perspective provides a rational alternative to orthodox economic analysis. No prior knowledge of Marxism or of advanced economic theory is assumed, the book proceeds logically from first principles and mathematical analysis has been kept to a minimum.
"The Political Economy of Marx" will be a valuable book for anyone concerned with understanding Marxism as a political force, particularly students, teachers and researchers in political economy, the history of economic thought, political theory and sociology.
M.C. Howard is Associate Professor of Economics at the University of Waterloo, Canada.
J.E. King is Senior Lecturer in Economics at the University of Lancaster.
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