''Marx after Sraffa'' is a 1977 book about Marxist economics by the economist

Ian Steedman Ian Steedman (born 1941, in London) was for many years a professor of economics at the University of Manchester before moving down the road to Manchester Metropolitan University. He retired from there at the end of 2006, but was appointed as an eme ...

, in which the author argues against the

labor theory of value The labor theory of value (LTV) is a theory of value that argues that the economic value of a good or service is determined by the total amount of " socially necessary labor" required to produce it. The LTV is usually associated with Marxian ...

Reception

The economist Heinz D. Kurz reviewed ''Marx after Sraffa'' in ''

Kyklos The ''kyklos'' (Ancient Greek: κύκλος , "cycle") is a term used by some classical Greek authors to describe what they considered as the cycle of governments in a society. It was roughly based on the history of Greek city-states in the same ...

''. The political scientist David McLellan wrote that Steedman's reading of Marx has been influential. The philosopher

Roger Scruton Sir Roger Vernon Scruton (; 27 February 194412 January 2020) was an English philosopher and writer who specialised in aesthetics and political philosophy, particularly in the furtherance of traditionalist conservative views. Editor from 1982 ...

wrote that Steedman provides the most notable argument against the labor theory of value from the New Left. The Marxist theorist

Ernest Mandel Ernest Ezra Mandel (; also known by various pseudonyms such as Ernest Germain, Pierre Gousset, Henri Vallin, Walter (5 April 1923 – 20 July 1995), was a Belgian Marxian economist, Trotskyist activist and theorist, and Holocaust survivor. He f ...

considered ''Marx after Sraffa'' as another critique of Marx's '' Capital'', and accused Steedman of misunderstandings of Marx similar to those made by

Paul Sweezy Paul Marlor Sweezy (April 10, 1910 – February 27, 2004) was a Marxist economist, political activist, publisher, and founding editor of the long-running magazine ''Monthly Review''. He is best remembered for his contributions to economic theory ...

in ''

The Theory of Capitalist Development ''The'' () is a grammatical article in English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the ...

'' (1942). Mandel 1991. p. 9. Steedman has been criticized for alleged misunderstandings 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 ...

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;Books * * * ;Journals * {{refend 1977 non-fiction books Books about Marxism Economics books English non-fiction books

Reception

See also

References

Bibliography