03831oam 2200457I 450 991079339750332120230817190948.090-04-31220-X10.1163/9789004312203(CKB)4100000007144783(MiAaPQ)EBC5739951(nllekb)BRILL9789004312203(EXLCZ)99410000000714478320181126d2019 uy 0engurcnu||||||||txtrdacontentcrdamediacrrdacarrierInvisible Leviathan : Marx's Law of Value in the Twilight of Capitalism /Murray SmithLeiden, Boston :BRILL,2019.1 online resource (395 pages)Historical Materialism Book Series ;v. 177First printed in 1994 as Invisible Leviathan: The Marxist Critique of Market Despotism Beyond Postmodernism by University of Toronto Press.90-04-31219-6 Includes bibliographical references and index.Front Matter -- Copyright Page /Murray E.G. Smith -- Foreword /Murray E.G. Smith -- Preface to the Second Edition /Murray E.G. Smith -- Preface to the First (1994) Edition (Excerpts) /Murray E.G. Smith -- Acknowledgements /Murray E.G. Smith -- Invisible Leviathan: Marx’s Law of Value in the Twilight of Capitalism /Murray E.G. Smith -- The Value Abstraction and the Dialectic of Social Development /Murray E.G. Smith -- Science, Ideology and ‘Economic Value’ /Murray E.G. Smith -- Marx’s Capital and the Early Critiques /Murray E.G. Smith -- Currents within the Value Controversy /Murray E.G. Smith -- An Assessment of the Value Controversy /Murray E.G. Smith -- Value, Economy and Crisis /Murray E.G. Smith -- Socially Necessary Unproductive Labour, Valorisation and Crisis /Murray E.G. Smith -- Imperialism, Unequal Development and the Law of Value /Murray E.G. Smith -- ‘Testing Marx’ in the Twilight of Capitalism: Marxian Value Categories, National Income Accounts, and the Crisis of Valorisation /Murray E.G. Smith -- Beyond the Law of Value: Class Struggle and Socialist Transformation /Murray E.G. Smith -- Back Matter -- Bibliography /Murray E.G. Smith -- Index /Murray E.G. Smith.In this updated and expanded edition of Invisible Leviathan , Murray E.G. Smith critically explores and makes significant contributions to the debate surrounding Karl Marx’s ‘capitalist law of value’ and its corollary, the law of the falling rate of profit. A powerful case is presented that capitalism has exhausted its potential to contribute to human progress. Humanity confronts a fateful choice: to allow this obsolescent system – which necessarily measures ‘wealth’ in terms of ‘abstract social labour’ and money profit – to destroy human civilisation; or to make the leap toward a global, egalitarian-socialist society in which the satisfaction of human need is the starting-point and the all-round development of each and every human individual the goal of the socio-economic life process. First printed in 1994 as Invisible Leviathan: The Marxist Critique of Market Despotism Beyond Postmodernism by University of Toronto Press. This second and revised edition includes a new Foreword by Michael Roberts, and a Preface to the Second Edition.Historical Materialism Book Series177.Labor theory of valueMarxian economicsLabor theory of value.Marxian economics.335.4/12Smith Murray367642NL-LeKBNL-LeKBBOOK9910793397503321Invisible Leviathan3735271UNINA