Marx's value theory lies at the heart of his political economy but has been subject to fierce and continuing debates over its substance and validity, not least as capitalism has increasingly developed in more complex and diverse forms. Ranging over the nature of Marx's theory of value and its application to issues such as commodity fetishism, the transformation problem, falling profitability, interest-bearing capital and financialisation, and the forms taken by rent, this Volume offers essential and original insights from one the world's leading Marxist political economists. It carefully lays out Marx's own views as well as critically assessing alternative interpretations.
