This book gives a rigorous view of classical Marxian economic theory by presenting specific analytic models.

Few themes have been as central to sociology as 'class' and yet class remains a perpetually contested idea. Sociologists disagree not only on how best to define the concept of class but on its general role in social theory and indeed on its continued relevance to the sociological analysis of contemporary society. Some people believe that classes have largely dissolved in contemporary societies; others believe class remains one of the fundamental forms of social inequality and social power. Some see class as a narrow economic phenomenon whilst others adopt an expansive conception that includes cultural dimensions as well as economic conditions. This 2005 book explores the theoretical foundations of six major perspectives of class with each chapter written by an expert in the field. It concludes with a conceptual map of these alternative approaches by posing the question: 'If class is the answer, what is the question?'

"This edition of The political economy of Marx, Second edition is published by arrangement with Longman Group UK Limited"--T.p. verso.

A collection of essays by leading practitioners of 'analytical Marxism'.

Marxist Theory of Class for a Skeptical World is a critique of some of the influential radical theories of class, and presents an alternative approach to it. This book critically discusses Analytical Marxist and Post-structuralist Marxist theories of class, and offers an alternative approach that is rooted in the ideas of Marx and Engels as well as Lenin and Trotsky. It presents a materialist-dialectical foundation for class theory, and conceptualizes class at the trans-historical level and at the level of capitalism. It shows that capitalism is an objectively-existing articulation of exchange, property and value relations, between capital and labour, at multiple geographical scales, and that the state is an arm of class relation. It draws out implications of class relations for consciousness and political power of the proletariat.

The global economic crisis and recession that began in 2008 had at least one unexpected outcome: a surge in sales of Karl Marx's Capital. Although mainstream economists and commentators once dismissed Marx's work as outmoded and flawed, some are begrudgingly acknowledging an analysis that sees capitalism as inherently unstable. And of course, there are those, like Michael Heinrich, who have seen the value of Marx all along, and are in a unique position to explain the intricacies of Marx's thought. Heinrich's modern interpretation of Capital is now available to English-speaking readers for the first time. It has gone through nine editions in Germany, is the standard work for Marxist study groups, and is used widely in German universities. The author systematically covers all three volumes of Capital and explains all the basic aspects of Marx's critique of capitalism in a way that is clear and concise. He provides background information on the intellectual and political milieu in which Marx worked, and looks at crucial issues beyond the scope of Capital, such as class struggle, the relationship between capital and the state, accusations of historical determinism, and Marx's understanding of communism. Uniquely, Heinrich emphasizes the monetary character of Marx's work, in addition to the traditional emphasis on the labor theory of value, this highlighting the relevance of Capital to the age of financial explosions and implosions.