Heterodox
That is, what is the case against the actual theory presented by Karl Marx in volume 1 of Capital? This was the only volume of Capital that Marx published in his lifetime, and volume 3 contradicts volume 1 in important respects.First, we need to know what Marx actually argued in volume 1 of Capital.The essence of Marx’s theory and his conception of the historical tendency of capitalism is as follows:(1) Marx had an elaborate labour theory of value on which he founded volume 1 of Capital (see...
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