Money and totality : a macro-monetary interpretation of Marx's logic in Capital and the end of the 'transformation problem' / by Fred Moseley.

Includes bibliographical references and index.

Online resource; title from digital title page (viewed on October 6, 2015).

This ambitious book presents a comprehensive new 'macro-monetary' interpretation of Marx���s logical method in Capital, based on substantial textual evidence, which emphasises two main points: (1) Marx���s theory is primarily a macroeconomic theory of the total surplus-value produced in the economy as a whole; and (2) Marx���s theory is a monetary theory from beginning to end and the circuit of money capital ��� M - C - M��� ��� is the logical framework of Marx���s theory. It follows from this 'macro-monetary' interpretation that, contrary to the prevailing view, there is no 'transformation problem' in Marx���s theory; id est, Marx did not 'fail to transform the inputs of constant capital and variable capital' in his theory of prices of production in Part 2 of Volume III.

Front Matter -- Introduction: A 'Macro-Monetary' Interpretation of Marx's Theory -- Algebraic Summary: A 'Macro-Monetary' Interpretation of Marx's Theory -- Marx's Theory of the Production and Distribution of Surplus-Value: The Prior Determination of the Total Surplus-Value -- The Circuit of Money Capital: M Presupposed -- Money Has No Price: Marx's Theory of Money and the Transformation Problem -- Standard Interpretations -- Shaikh's Iterative Interpretation -- The New Interpretation -- Temporal Single System Interpretation (TSSI) -- The Rethinking Marxism Interpretation -- The Organic Composition of Capital Interpretation -- Replies to Criticisms of My Macro-Monetary Interpretation -- Conclusion -- Bibliography -- Indexes.

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