is a Japanese

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

and is considered internationally to be one of the most important scholars of

Karl Marx Karl Heinrich Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, economist, historian, sociologist, political theorist, journalist, critic of political economy, and socialist revolutionary. His best-known titles are the 1848 ...

's theory of value. He teaches at Kokugakuin University, Tokyo, and is professor emeritus of the University of Tokyo. He belongs to the school of economic thought founded by

Kozo Uno was a Japanese economist and is considered one of the most important theorists on the field of Marx's theory of value. His main work ''Principles of Political Economy'' was published in 1964. Among his scholars are Thomas T. Sekine and Makoto ...

and is one of the few Japanese

Marxian economists Marxian economics, or the Marxian school of economics, is a heterodox school of political economic thought. Its foundations can be traced back to Karl Marx's critique of political economy. However, unlike critics of political economy, Marxian e ...

who has published widely in English-language journals such as

Science & Society ''Science & Society: A Journal of Marxist Thought and Analysis'' is a peer-reviewed academic journal of Marxist scholarship. It covers economics, philosophy of science, historiography, women's studies, literature, the arts, and other social sci ...

Monthly Review The ''Monthly Review'', established in 1949, is an independent socialist magazine published monthly in New York City. The publication is the longest continuously published socialist magazine in the United States. History Establishment Following ...

Capital & Class ''Capital & Class'' is a quarterly peer-reviewed academic journal covering the fields of politics and economics, especially concerning Marxism and critical theories like feminism, environmentalism, poststructuralism, along with other radical and ...

, New Left Review and

Ampo The , more commonly known as the U.S.-Japan Security Treaty in English and as the or just in Japanese, is a treaty that permits the presence of U.S. military bases on Japanese soil, and commits the two nations to defend each other if one or th ...

. He has published 24 books, of which 6 are in English, and 5 are translated and published in Chinese.

Books in English

* ''Value and Crisis'' (1980). * ''The Basic Theory of Capitalism'' (1987) * ''The world economic crisis and Japanese capitalism'' (1990) * ''Political Economy for Socialism'' (1995) * with

Costas Lapavitsas Costas Lapavitsas ( el, Kώστας Λαπαβίτσας) is a professor of economics at the School of Oriental and African Studies, University of London and was elected as a member of the Hellenic Parliament for the left-wing Syriza party in the ...

, ''Political economy of money and finance'' (1999) * ''The Japanese Economy Reconsidered'' (2000)

Articles in English

* Itoh, Makoto
"Money and credit in socialist economies: A reconsideration,"
''Capital & Class'', issue no. 60 (Autumn 1996). (retrieved from bnet 12-04-2010). * Itoh, Makoto
"Skilled Labour in Value Theory"
''Capital & Class'', issue no. 11 (Spring 1987) no. 1 pp. 39–58

External links

* Itoh, Makoto
''The Burst of Bubble and Political Economy of the 1990s Depression''. (PDF)
* Filho, Alfredo Saad
''Political Economy of Money and Finance''.
* Foster, John Bellamy
''Marxism and the Uno School. The Basic Theory of Capitalism: The Forms and Substance of the Capitalist Economy'' by Makoto Itoh.
* Lapavitsas, Costas
''Political Economy for Socialism''.
* Hampton, Matt
''Hegemony, class struggle and the radical historiography of global monetary standards''.
* William K. Tabb, William K.
''Political Economy for Socialism''. – book reviews.

List of current publications

World Association of Political Economy
{{DEFAULTSORT:Itoh, Makoto Marxian economists Marxist theorists Japanese economists Japanese Marxists 1936 births Living people University of Tokyo alumni