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Volume 39

Research in Political Economy, Volume 39

VALUE, MONEY, PROFIT, AND CAPITAL TODAY
Rémy Herrera, National Center of Scientific Research (CRNS), France

Drawing on the perspectives of both leading experts and early career academics from China, Senegal, Cuba, Brazil, France, Italy, Spain, and the UK, this 39th issue of Research in Political Economy integrates, articulates, and discusses the concepts of value, profit, money, and capital within a common theoretical and empirical framework. Divided into four distinct parts, chapters highlight: *the relevance of value in contemporary Marxist theory, *the hegemony of the US dollar and its recent erosion, *major monetary problems currently faced by Africa as a result of colonial legacies, *alternative monetary and financial tracks being tested in Latin America, including monetary regionalization and resistance to the domination of the dollar, *the current state of national debt in the Global South, including possible solutions, *the difficulties in evaluating transnational corporate profit in the era of globalization, *the evolution of profit rates in the United States, Europe, and Latin America over the past several decades, *a study of France's rate of profit over more than a century, *fictitious and financial capital, and *the recent emergence of cryptocurrencies and some of the challenges that this entails.

Connecting fundamental, theoretical, and empirical subjects with the most current scholarship on value, money, profit and capital today, this book makes sense of our increasingly interconnected global economy, highlighting key issues and proposing real-world solutions from the most knowledgeable researchers in the field.

Presentation
Rémy Herrera

PART I: VALUE TODAY

Money, Credit, and Fictitious Capital in Marx's Theory of Value
Alfredo Saad-Filho

Critique of Value Criticism
Fabien Trémeau

Turning One's Loss Into a Win? The US Trade War With China in Perspective
Zhiming Long, Zhixuan Feng, Bangxi Li, and Rémy Herrera

PART II: MONEY TODAY

Colonial Legacy, Monetary Policy, and Resource Mobilization for Development in Africa
Demba Moussa Dembele

Surplus Production and Unequal Development in Latin America: A Comparative Study with the US From a Political Economy Perspective
Juan Pablo Mateo

From “Crypto-Alternatives” to a Regional Unit of Account: Monetary Proposals in Latin America for a Greater Shared Autonomy
Joaquín Arriola and Juan Barredo-Zuriarrain

PART III: PROFIT TODAY

Multinational Firms' Practices: An Attempt at a Marxist Theorization
Christian Palloix

Turnover Time and Marx’s Decomposition of Profit Adjustment in the Process of Equalization
Guido De Marco

Profit Rates: Their Dispersion and Long-Term Determination
William Paul Cockshott

Elements for a Study of the Profit Rate: France, 1896–2019
Weinan Ding, Zhiming Long, and Rémy Herrera

PART IV: CAPITAL TODAY

Fictitious Capital, Fictitious Profits, and Their Extreme Fetishism
Mauricio de Souza Sabadini and Gustavo Moura de Cavalcanti Mello

Crisis and Fictitious Capital
Rosa Maria Marques and Paulo Nakatani

Money, Fictitious Capital, and Cryptocurrencies: Their Impact on the World Economy
Ernesto Molina Molina


About the Contributors

Index

250 pages, 2024    

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