Marxian political economy : an outline / by James Becker.

Tables include detailed economic statistics

Includes bibliographical references (pages 281-314) and index.

Part one: The reproduction schemes -- 1. Methodological glasses for the longer view -- 2. Simple and complex accumulation: the productive consumption of capital -- 3. Unproductive consumption: its historical and theoretical relevance.

Part two: The labor theory of value -- 4. The meaning and measurement of value within the context of the labor theory -- 5. Value accounting, prices, and socialist planning -- 6. The transformation of values into prices of production.

Part three: Relationships between prices and values: 7. Unequal exchange: price-value relations, irregularity, and instability -- 8. Accumulation in the advanced capitalism: the nature of the crisis -- 9. Marx's first and second approximation to the evolution of class structure.

Part four: The development of class structure and relationships -- 10. Class structure and conflict in the managerial phase I -- 11. Class structure and conflict in the managerial phase II -- 12. Rotational employment and the transition to socialism.

"This book combines a lucid exposition of the fundamental categories of Marxian political economy with an interpretive analysis of the current phase of advanced capitalist development. Unlike neo-Marxists economists, who attempt to reinterpret Marx in the light of Keynes, Professor Becker adopts an unalloyed Marxist approach to the leading problems of political economy. The book forthrightly defends the labor theory of value, argues that its alleged theoretical weaknesses are groundless, and demonstrates its continuing analytic fruitfulness in the age of monopoly capitalism. In the same vein, the author explains the importance of orthodox Marxist conceptions concerning both productive and unproductive labor and productive and unproductive consumption....Written to serve the needs of both teachers and students at different levels of technical competence, this study provides a theoretical and political alternative to standard economics." --From the dust jacket.