June 2013
Intermediate to advanced
266 pages
10h 40m
English
book
A Political Economy of Contemporary Capitalism and its Crisis
by Dimitris P Sotiropoulos, John Milios, Spyros Lapatsioras
Content preview from A Political Economy of Contemporary Capitalism and its Crisis
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Notes
1 The parasitic absentee owner in the Keynes–Veblen–Proudhon tradition
1 In this section we shall just provide a general outline without entering into a thorough discussion of classical political economy. For more on this issue, see Milios et al. (2002), Postone (2003), Heinrich (1999), and Arthur (2002).
2 Hence, the value of a commodity (as a characteristic or property of the “economic good”) derives from labor and (quantitatively) is proportional to the labor time which has been expended on its production.
As soon as land becomes private property, the landlord demands a share of almost all the produce which the labourer can either raise, or collect from it. His rent makes the first deduction from the produce of the labour which ...
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