Value, Money, Profit, and Capital Today

Rémy Herrera
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Hardback
9781804557518
20 November 2023
$140.00
eBook (PDF)
9781804557501
20 November 2023
$140.00
eBook (ePub)
9781804557525
20 November 2023
$140.00

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  • Description
  • Contents
  • About

Drawing on the perspectives of both leading experts and early career academics from China, Senegal, Cuba, Brazil, France, Italy, Spain, and the UK, this 39th issue of Research in Political Economy integrates, articulates, and discusses the concepts of value, profit, money, and capital within a common theoretical and empirical framework. Divided into four distinct parts, chapters highlight:

  • the relevance of value in contemporary Marxist theory
  • the hegemony of the US dollar and its recent erosion
  • major monetary problems currently faced by Africa as a result of colonial legacies
  • alternative monetary and financial tracks being tested in Latin America, including monetary regionalization and resistance to the domination of the dollar
  • the current state of national debt in the Global South, including possible solutions
  • the difficulties in evaluating transnational corporate profit in the era of globalization
  • the evolution of profit rates in the United States, Europe, and Latin America over the past several decades
  • a study of France's rate of profit over more than a century
  • fictitious and financial capital
  • the recent emergence of cryptocurrencies and some of the challenges that this entails

Connecting fundamental, theoretical, and empirical subjects with the most current scholarship on value, money, profit and capital today, this book makes sense of our increasingly interconnected global economy, highlighting key issues and proposing real-world solutions from the most knowledgeable researchers in the field.

PART I. VALUE TODAY

  • Chapter 1. Money, Credit and Fictitious Capital in Marx’s Theory of Value; Alfredo Saad-Filho
  • Chapter 2. Critique of Value Criticism ; Fabien Trémeau
  • Chapter 3. Turning One’s Loss into a Win? – The U.S. Trade War with China in Perpective; Zhiming Long, Zhixuan Feng, Bangxi Li, and Rémy Herrera
  • PART II. MONEY TODAY
  • Chapter 4. Colonial Legacy, Monetary Policy and Resource Mobilization for Development in Africa; Demba Moussa Dembele
  • Chapter 5. Surplus Production and Unequal Development in Latin America: A Comparative Study With the U.S. From a Political Economy Perspective; Juan Pablo Mateo
  • Chapter 6. From “Crypto-Alternatives” to a Regional Unit of Account: Monetary Proposals in Latin America for a Greater Shared Autonomy; Joaquín Arriola and Juan Barredo-Zuriarrain
  • PART III. PROFIT TODAY
  • Chapter 7. Multinational Firms’ Practices: An Attempt at a Marxist Theorization; Christian Palloix
  • Chapter 8. Profit Rates: Their Dispersion and Long Term Determination; William Paul Cockshott
  • Chapter 9. Elements for a Study of the Profit Rate: France, 1896-2018; Weinan Ding, Zhiming Long, and Rémy Herrera
  • PART IV. CAPITAL TODAY
  • Chapter 10. Fictitious Capital, Fictitious Profits, and Their Extreme Fetishism; Mauricio de Souza Sabadini and Gustavo Moura de Cavalcanti Mello
  • Chapter 11. Crisis and Fictitious Capital ; Rosa Maria Marques and Paulo Nakatani
  • Chapter 12. Money, Fictitious Capital and Cryptocurrencies: Their Impact on the World Economy; Ernesto Molina Molina

Rémy Herrera is a researcher in economics at the National Center of Scientific Research (CNRS), France. He supervises PhD students at the Centre d’Économie de la Sorbonne, Paris, and organizes the “Marx in the Twenty-First Century” seminar at the University of Paris 1, France. He was the World Forum of Alternatives’s executive secretary, and is a member of the Global University for Sustainability.