ISBN-13: 9780415234344 / Angielski / Twarda / 2001 / 192 str.
Karl Marx's writings provide a uniquely insightful explanation of the inner workings of capitalism, which other schools of thought generally have difficulty explaining. From this vantage point, Marx's works can help to explain important features and economic problems of our age, and the limits of their possible solutions. For example, the necessity and origin of money, the growth of the wage-earning class, uneven development, cycles and crises, and the relevant impoverishment of the workers, leading to debt and overwork. This book constitutes an overview of developments in political economy in general, and Marxian value theory in particular. The implications of value theory for bank credit, inflation and deflation are fully explored.