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Frontiers of Political Economy Guglielmo Carchedi

Frontiers of Political Economy

Guglielmo Carchedi

Published January 17th 1992
ISBN : 9780860915669
Paperback
320 pages
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 About the Book 

Transcending the arid formalism of present-day economic theory, Frontiers of Political Economy develops a new and accessible perspective on the world economy. Guglielmo Carchedi identifies and analyses three key features of modern capitalism: theMoreTranscending the arid formalism of present-day economic theory, Frontiers of Political Economy develops a new and accessible perspective on the world economy. Guglielmo Carchedi identifies and analyses three key features of modern capitalism: the rapidly increasing share of human labour needed for the advancement of science and technology rather than for the production of goods- the global, rather than national, nature of production, distribution and consumption- and the dominance of the oligopolies.This analysis enables Carchedi to explore new theoretical frontiers: from an original theory of mental and material labour to an investigation of the conditions under which mental labour produces value- from an assessment of the class structure of modern capitalism to an appraisal of the social content of science and technology- from an alternative account of crises, inflation and stagflation to a study of their relation to the destruction of value and to arms production. He also cast fresh light on a number of basic contemporary issues—including the present financial and monetary crisis—and surveys the most important recent controversies in language accessible to non-specialists.Rigorous and wide-ranging, but written with great lucidity, Frontiers of Political Economy is an essential book for both specialists and students in economics and politics.