Isaak I. Rubin, author of numerous works in Marxist theory, explains the failure of the Austrian Schoolâs attempt to reduce political economy to individual psychology. Emphasising the sociological dimension of Marxâs work, Rubin welcomes a new âsocial directionâ in the writings of Rudolf Stolzmann, Alfred Amonn and Franz Petry. These economists rejected Austrian individualism, but their works were often influenced by the ethical idealism of Kant and Hegel, resulting in detachment of the economyâs social form from the material process of production. Rubin critically explores methodological differences between Marx and early twentieth-century critics and proponents of marginalist economic theory.
Richard B. Day, Ph.D. (1970), University of London, is professor of political economy at the University of Toronto, Canada. He has published extensively on Soviet economic and political history, including Leon Trotsky and the Politics of Economic Isolation (Cambridge University Press, 1973).
Foreword Preface
Part1 The Economic Theory of Franz Oppenheimer
Introduction by the Editor
1 Oppenheimerâs Two Formulae of Value
2 Critique of Oppenheimerâs First Formula of Value Value and Income
3 Critique of Oppenheimerâs Second Formula of Value The Value of Products and the Value of Labour
4 Skilled Labour
5 The Theory of Monopoly
6 Surplus Value as Monopoly Income
7 The Contradiction between the Theory of Value and the Theory of Surplus Value
8 Oppenheimer as Critic of Marx
Part2 Rudolf Stolzmann and the Social Method in Political Economy
Introduction by the Editor
1 The Social-Organic Method
2 Stolzmann and the Theory of Labour Value
3 Stolzmannâs Theory of Value and Distribution
4 Stolzmann as Critic of Marx
Part3 Alfred Amonn and the Social Method in Political Economy
Introduction by the Editor
1 Amonnâs Teaching on the Subject Matter of Political Economy
2 Critique of Amonnâs Doctrine
Part4 Franz Petry and His Attempt to Give a Social Interpretation of the Marxist Theory of Value
Introduction by the Editor
1 Isaak Rubin on Franz Petry
Part5 The Economic Theory of Robert Liefmann
Introduction by the Editor
1 The Psychological Conception of Economy
2 Money Economy
3 Capitalist Economy
4 The Theory of Prices
Appendix1: âThe Austrian Schoolâ
âIsaak Ilâich Rubin Appendix2: Isaak Ilâich Rubin on Supply, Demand, and Price Determination
âRichard B. Day References Index
Contemporary Economists in the West: Critical Essays on Oppenheimer, Stolzmann, Amonn, Petry, and Liefmann is of interest to readers in Marxism, the history of economic thought, economic philosophy and methodology, and the psychological and sociological elements of political economy.