Why do humans produce the things they do in the way they do? In this book, Güney Işıkara and Patrick Mokre explore the relationship between the classical political economists’ approach to value and prices and analysis of the historical trajectory of capitalism.
The authors, Güney Işıkara and Patrick Mokre, demonstrate that the classical political economists’ approach to value and prices, which finds its most advanced formulation in Marx, sheds light on the source of profits, exploitation; the exchange of equivalents in trade; the dynamics of asymmetric and uneven accumulation; and the relationship of production to non-human nature at large. Understanding these phenomena is vital for grasping the economic regularities underlying the critical issues facing the world in the 21st century: imperialism and ecological breakdown. The authors argue convincingly that deviations between market prices, production prices, and labor values are central to understanding international value transfers due to differential capital compositions and rates of exploitation, as well as the central role of rent and accumulation in capitalism-induced ecological crisis.
The book is designed to provide an accessible introduction to the classical approach to value and prices and its modern expression in empirical applications, making it of great interest to readers of economics, political economy, politics, and sociology.
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