Marx's introduction
to his political economy


Value, Price, and Profit (Abridged): An Introduction to the Theory of Capitalism

Research in Political Economy

Paul Zarembka, Series co-editor
(with Ndongo Samba Sylla, International Development Economics Associates, Senegal)

Department of Economics
State University of New York at Buffalo
Buffalo, New York 14260
E-mail: zarembka@buffalo.edu

arrow Abstracts for chapters and individual purchase are available via links at the publisher's website

Brill Cover
Brill or Haymarket
"... highly recommended"
- J. D. White

prior Volume 40
RPE 40
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Volume 41 (2026)

MONEY, VALUE AND MARX'S CIRCUIT OF CAPITAL

Editors: Guido De Marco and Alan Freeman

The twelve papers collected in this volume of Research in Political Economy mark a new phase in the study of capitalism, centred on the reproduction of total social capital. They address the widely felt need to reconnect political economy with real-world phenomena, including financial crises, long-term stagnation, poverty, inequality, and economic injustice. Seeking to renew pluralist dialogue among all currents critical of the dominant neoclassical paradigm—particularly those aiming to move beyond the equilibrium framework that permeates it—the volume offers important new insights into Marx’s value theory. These constitute a significant addition to both the existing body of Marx studies and to a broader understanding of capitalist reproduction, accumulation, and the sources of their recurrent failures. This shared engagement rests on the recognition that the study of the circuit of capital can shed fresh light on the fundamental concepts of money, price, value, and credit, and on their role in explaining capitalism’s ‘laws of motion’: accumulation, historical origins, and reproduction itself. The volume thus advances critical debates and paves the way for future research on the dynamics of capitalist reproduction.

Volume 41
RPE 41
Click here for Ordering

Volumes 24 to 40:

Destructive Capitalism (#40)

Capital Today (#39)

Imperialism and Debt (#38)

Polish Marxism (#37)

Imperialism; Transition (#36)

Commodification: Animals (#35)

Classes in Periphery (#34)

Environment in South (#33)

Macro-Dynamics in Asia (#32)

Risking Capitalism (#31)

Geopolitical Economy (#30)

Sraffa; Neoliberalism (#29)

Contradictions (#28)

Revitalizing Theory (#27)

National Question; Crisis (#26)

Why Capitalism Survives (#25)

Transitions in Latin Amer. (#24)

Introduction
Alan Freeman and Guido De Marco

Money, Value and Capital Circulation in a Finance-Led Economic Regime
Louis-Philippe Rochon and Sergio Rossi

A General Theory of Value, Money and the State
Alan Freeman

On the Beginning of Capital
Till Hahn

Grossman’s Breakdown Theory versus Marx’s Value Theory
Andrew Kliman

Marx and Pasinetti versus Proportional Dynamics: Causality, Simultaneity and the Law of Value
Luca Timponelli

At the Foundations of the Critique of Political Economy
Giovanni Mazzetti

Institutionalism and the Macro-Monetary Labour Theory of Value
Niko Block

Marx’s Theory of Prices of Production with Unequal Turnover Times and a Response to De Marco's Critique
Fred Moseley

Capital as Organisation of Rhythms and Crisis as Arrhythmia
Stavros Tombazos

The Circulation of Value, Rent, and Class Struggle: A Critique of “Technofeudalism”
Fabian Balardini

'What is it?' Marx’s Theory of Exploitation and the Closure of the Transformation Problem
Riccardo Bellofiore and Andrea Coveri

Where Does the Money Come From? Marx’s Commodity Capital Circuit and the Reproduction of Total Social Capital
Guido De Marco

Marx’s Three Concepts of Capital Composition, Coherence or Confusion?
Anders Ekeland

About the Contributors
Index
269 pages, 2026  

Volumes 1 (1977) to 23:

History of 9-11 (#23);
also 2nd Edition

The State and Economy (#22)

Neoliberalism (#21)

Race; Famous Economists (#20)

Capitalism and Ideology (#19)

Capitalist Dynamics (#18)

Right-Wing Politics

Volumes: 17, 16, 15,
14, 13, 12, 11, 10, 9,
8, 7, 6, 5, 4, 3, 2, 1

ORDERING:
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Emerald Group Publishing Limited
Howard House, Wagon Lane, Bingley, BD16 1WA United Kingdom
Emerald's web page for Research in Political Economy

For book orders go to: Emerald's Bookstore

Statement of Purpose: This RESEARCH annual is founded on analyzing society in a manner consistent with the importance of the role of class. International in scope, the annual volumes deal primarily with economic and political issues and the unity between them. Both theoretical and empirical works are included. While published papers must be appropriate for developing class analysis of society, they need not be explicitly Marxist. The RESEARCH can accept longer works and thus, in addition to usual journal length papers, may be appropriate for work which is not book length, yet is substantial. For submissions, please send your paper electronically, double-spaced typed with notes as endnotes followed by a reference list, to a volume's editor or either of the series editors. Usual practice is review by two competent persons, on a double-blind basis, within a relatively short period of time. Proposals for a guest editoship for a entire volume are welcome.

Editorial Board:
Max Ajl, MECAM-University of Tunis and University of Ghent, Tunisia
Paul Cooney Seisdedos, Union for Radical Political Economics, U.S.A.
Radhika Desai, University of Manitoba, Canada
Thomas Ferguson, University of Massachusetts at Boston, U.S.A.
Virginia Fontes, Fluminense Federal University, Brazil
Seongjin Jeong, Gyeongsang National University, South Korea
Jie Meng, Fudan University, People's Republic of China
Isabel Monal, University of Havana, Cuba
Jan Toporowski, SOAS, University of London, U.K.

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