Ernest Mandel: An Introduction to Marxist Economic Theory (1967)
An Introduction to
Marxist Economic Theory (1967)
By Ernest Mandel
From the Marxist Internet Archive and the Mandel Archive at www.angelfire.com/pr/red/mandel/
Marked up by Einde O’Callaghan for the Marxists’ Internet Archive.
I. The Theory of Value and Surplus value
Social Surplus Product
Commodities, Use value and Exchange value
The Marxist Theory of Alienation
The Law of Value
Determination of the Exchange Value of Commodities
What is Socially Necessary Labor?
The Origin and Nature of Surplus Value
The Validity of the Labor Theory of Value
II. Capital and Capitalism
Capital in Pre-capitalist Society
Origins of the Capitalist Mode of Production
Origins and Definition of the Modern Proletariat
The Fundamental Mechanism of Capitalist Economy
The Growth in the Organic Composition of Capital
Competition Leads to Concentration and Monopoly
Tendency of the Average Rate of Profit to Decline
The Fundamental Contradiction in the Capitalist System and the Periodic Crises of Overproduction
III. Neo-capitalism
The Origins of Neo-capitalism
A Permanent Technological Revolution
The Importance of Armament Expenditures
How Crises are “Amortized” in a Recession
The Tendency to Permanent Inflation
“Economic Planning”
The State Guaranty of Profit
