{"product_id":"marxs-theory-of-value-in-chapter-1-of-capital-a-critique-of-heinrichs-value-form-interpretation-hardcover","title":"Marx's Theory of Value in Chapter 1 of Capital: A Critique of Heinrich's Value-Form Interpretation - Hardcover","description":"\u003cp\u003eby \u003cb\u003eFred Moseley\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eChapter 1 is the most important chapter in Capital, as well as the most difficult and the most controversial. An influential interpretation of Chapter 1 in recent decades has been the so-called \"value-form interpretation\" of Marx's theory in general and Chapter 1 in particular. The most important proponent of the value-form interpretation today, both in Germany and in the English-speaking world, is Michael Heinrich, and Heinrich's work has emphasized the first chapter. Heinrich's latest book in English is a detailed commentary of the first seven chapters of Volume 1 of Capital. The publication of an English translation of Heinrich's book is an important event in Marxian scholarship and it is important to critically engage with this important book in order to advance our understanding of this critical foundational chapter. This book emphasizes the quantitative issue of whether the magnitude of value and socially necessary labour-time are determined in production or also depend on exchange and demand, which has been the main issue in the controversy over the value-form interpretation.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\"Professor Moseley's deep knowledge of Marx's texts is on full display in this work. Critics and defenders should agree: this book is an immensely important contribution to the debate that deserves a wide audience.\"\u003cb\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e--\u003cb\u003eTony Smith\u003c\/b\u003e, Professor Emeritus in Philosophy, Iowa State University, USA \u003c\/p\u003e \"Fred Moseley´s book is a timely and indispensable contribution to Marx studies. Moseley makes a strong case for a production-centered understanding of value as a historically-specific social form, with emphasis on the quantitative issue of the magnitude of value.\"\u003cp\u003e\u003c\/p\u003e \u003cp\u003e--\u003cb\u003eGuido Starosta\u003c\/b\u003e, Professor of History of Economic Thought, National University of Quilmes, Argentina \u003c\/p\u003e \u003cp\u003e\"Fred Moseley's book shows that, for Marx, exchange follows and is determined by production rather than vice versa as Heinrich's value-form interpretation maintains. This logic is a necessary prerequisite for Marx's theory of exploitation and the concomitant task of overthrowing capitalism.\"\u003c\/p\u003e \u003cp\u003e--\u003cb\u003eStavros Mavroudeas\u003c\/b\u003e, Professor of Political Economy, Panteion University, Greece \u003c\/p\u003e \u003cp\u003eChapter 1 is the most important chapter in \u003ci\u003eCapital\u003c\/i\u003e, as well as the most difficult and the most controversial. An influential interpretation of Chapter 1 in recent decades has been the so-called \"value-form interpretation\" of Marx's theory in general and Chapter 1 in particular. The most important proponent of the value-form interpretation today, both in Germany and in the English-speaking world, is Michael Heinrich, and Heinrich's work has emphasized the first chapter. Heinrich's latest book in English is a detailed commentary of the first seven chapters of Volume 1 of \u003ci\u003eCapital\u003c\/i\u003e. The publication of an English translation of Heinrich's book is an important event in Marxian scholarship and it is important to critically engage with this important book in order to advance our understanding of this critical foundational chapter. This book emphasizes the \u003ci\u003equantitative\u003c\/i\u003e issue of whether the magnitude of value and socially necessary labour-time are determined in production or also depend on exchange and demand, which has been the main issue in the controversy over the value-form interpretation. \u003c\/p\u003e \u003cp\u003e\u003cb\u003eFred Moseley\u003c\/b\u003e is Emeritus Professor of Economics at Mount Holyoke College, USA, and author of \u003ci\u003eMoney and Totality\u003c\/i\u003e (2017).\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFred Moseley\u003c\/b\u003e is Emeritus Professor of Economics at Mount Holyoke College, USA, and author most recently of \u003ci\u003eMoney and Totality\u003c\/i\u003e: \u003ci\u003eA Macro-Monetary Interpretation of Marx's Logic in Capital and the End of the 'Transformation Problem \u003c\/i\u003e(2017).\u003cb\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 167\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.5 x 8.27 x 5.83 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e May 12, 2023\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42121704964231,"sku":"9783031132094","price":97.18,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0601\/2623\/2711\/files\/daf9ee1d5062cab71bbab5fa2b1c6ef3.webp?v=1732555377","url":"https:\/\/booksby.splitshops.com\/products\/marxs-theory-of-value-in-chapter-1-of-capital-a-critique-of-heinrichs-value-form-interpretation-hardcover","provider":"Books by splitShops","version":"1.0","type":"link"}