An Introduction to Post-Keynesian and Marxian Theories of Value and Price

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Peter M. Lichtenstein believes that any social-economic theory of capitalism must begin with a theory of value and price. Dismissing the neoclassical school, he turns to post-Keynesian and Marxian economics with their coherent and consistent theories of value and price based on concrete objective circumstances. The development of these theories is the author's aim because he believes that this approach comes much closer than neoclassical theory to capturing the essence of a capitalist economy. This book is addressed to economics students, especially those studying microeconomics or the history of economic thought, and to economists seeking an overview of these issues.