"In publishing Marx's Concept of Man in 1961, Erich Fromm presented to the English-speaking world for the first time Karl Marx's then recently discovered Economic and Philosophical Manuscripts. Including the Manuscripts and many other philosophical writings by Marx as well as Fromm's own extended response, many of these writings have since become recognised as important works in their own right. Fromm stresses Marx's humanist philosophy and challenges both contemporary Western ignorance of Marx and Soviet corruptions of his work. Fromm's analysis of Marx's work and his dissemination of these neglected writings by Marx himself fundamentally altered the prevailing discourse about Marxism, revolutionising contemporary thought and providing a formative influence for the development of the New Left"--

This volume consists of seventeen of Ludwig Lachmann’s most important papers published during the period 1940-73. Two of the articles appear here in translation for the first time. Prepared especially for this volume is a new essay about the present “crisis” in economic thought. Walter Grinder’s extended introduction analyzes Lachmann’s scholarly career in four countries and his overall intellectual development.

Marxism has long been accused of economic determinism, reductionism and a silence on human experience. Beyond Capital argues that these problems can be traced back to Marx's failure to write his planned book on Wage-Labor. Added to the subsequent ignorance of Marx's method, the result has been a one-sided presentation of Marxism. By considering workers and their needs, Beyond Capital demonstrates the one-sidedness of such concepts as the value of labor-power and the theoretical inferences drawn from Capital. However, rather than rejecting Marx, Beyond Capital argues that his "political economy of the working class" and the process of struggle are central for going beyond capitalism.

Cover -- Title Page -- Copyright -- Dedication -- Contents -- Foreword Tony Kennedy -- Henryk Grossmann and the Theory of Capitalist Collapse Tony Kennedy -- Introduction by Henryk Grossmann -- 1 The Downfall of Capitalism in the Existing Literature -- The point at issue -- The conception of breakdown in the existing literature -- How Kautsky finally abandoned Marx's theory of accumulation and of breakdown -- Notes -- 2 The Law of Capitalist Breakdown -- Is there a theory of breakdown in Marx? -- Preliminary methodological remarks -- The equilibrium theory of the neo-harmonists -- The conditions and tasks of schematic analysis -- Why was classical economy alarmed by the fall in the rate of profit despite an expanding mass of profit? -- The views of classical economists on the future of capitalism (D Ricardo and J S Mill) -- The Marxist theory of accumulation and breakdown -- Marx's theory of breakdown is also a theory of crises -- An anti-critical interlude -- The logical and mathematical basis of the law of breakdown -- Why the Marxist theory of accumulation and breakdown was misunderstood -- The factors of the breakdown and the business cycle -- Crises and the theory of underconsumption -- The elasticity of accumulation -- The restricted development of productive forces under capitalism -- The Marxist theory of imperfect valorisation -- Notes -- 3 Modifying Countertendencies -- Introduction -- Part 1: Countertendencies Internal to the Mechanism of Capital -- Increases in the rate of profit through the expansion of productivity -- Reducing the costs of variable capital through increases in productivity -- Shortening the turnover time and its impact on the rate of surplus value -- The additional money capital required for an expanded scale of production -- The conflict between use value and exchange value

The third volume of "The Collected ""Works of Israel M. Kirzner" presents a collection of writings on capital theory that serve both as a discourse in the history of economic thought and as conceptual clarification in one of the most complex subjects in economics. This edition explores the notions of capital and interest in light of the controversies surrounding these topics. The first essay in this volume is Kirzner's introduction to the 1996 edition. The second essay was published as a stand-alone book in 1966 and presents Kirzner's capital theory, focusing on multi-period production plans. In the third essay Kirzner offers an interpretation of Ludwig von Mises's view of capital and interest. The fourth essay, written in the late 1980s, is Kirzner's attempt to clarify the difficulties found in interest theory. Finally, the fifth essay deals with Sir John Hick's capital theory in light of Kirzner's own Austrian position. Israel M. Kirzner is a leading economist in the Austrian School and Emeritus Professor of economics at New York University. Peter J. Boettke is the BB&T Professor for the Study of Capitalism at the Mercatus Center and a University Professor of economics at George Mason University. Since 1988 he has been the editor of the "Review of Austrian Economics." Frederic Sautet is a Visiting Associate Professor of Economics at the Catholic University of America. Previously, he has taught at George Mason University, New York University, and the University of Paris Dauphine. He was also a senior economist at the New Zealand Treasury and the New Zealand Commerce Commission. He is the author of "An Entrepreneurial Theory of the Firm" and has widely published on entrepreneurship.