Economics Transformed: Discovering the Brilliance of Marx
Robert Albritton | 2007-05-20 00:00:00 | Pluto Press | 232 | Economics
Robert Albritton brings to life the classic concepts in Marx's economic thought. As well as examining these essential points of Marxist theory, he shows that they offer great potential for further study. Deeply critical of the way economics is taught and studied today, this is a textbook that will appeal to anyone who wants a forward-thinking approach to the discipline that's free from the constraints of neo-classical orthodoxy. Taking up key aspects of Marx's work, including surplus value theory, dialectical reasoning and the commodity form, Albritton highlights their relevance in the modern world -- and explains why mainstream economics has been so blind to their revolutionary potential. Written with style and clarity, it is perfect for economics undergraduates.
Reviews
Historians over the years have noted Marx often spoke of his desire to rewrite his most important works, both to redefine his early theories and to address capitalism's developments. For most individuals, Marx is very challenging to grasp. Not just the terms, but in the application of the theories. As Marx wrote, capitalism revolutionizes the means of production regularly, resulting in conflicts among workers, classes and sectors of society. In that sense, the author of Economics Transformed does an admirable job of bringing the ideas of Marx into a modern frame of reference.
In fact, the real value of this book is in the deconstruction of Marx's complex ideas around profit, labor and class. Albritton takes a few risks in re-reading concepts of class struggle, regarded by most scholars as central to Marx's philosophy. In the book, Albritton says a different reading of relations between labor and capital is possible. Unique indeed, but the author's nuanced writing and careful research breathes life into old ideas.
Fortunately, Albritton's writing style is easy to read and, in turn, approachable. The writing is simple enough for many new to Marx to understand. He doesn't talk down to the reader or assume ignorance. The author lays down the ideas and expects you to get it and come along. A risky proposition, for sure, but Albritton salts his text with plenty of contemporary examples. However, Economics Transformed is not for the uninitiated. Don't expect this to be your introduction of Marc. Those unfamiliar with the heady terminology and theories will want to spend more time with this book. Regardless, Albritton crafts an engrossing journey into old concepts for a new century.
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