Invisible Leviathan: Marx's Law of Value in the Twilight of Capitalism

‎Contents
‎Foreword
‎Preface to the Second Edition
‎Preface to the First (1994) Edition (Excerpts)
‎Acknowledgements
‎Figures, Charts and Tables
	‎Figures
	‎Charts
	‎Tables
‎Chapter 1. Invisible Leviathan: Marx’s Law of Value in the Twilight of Capitalism
	‎1. Reflections on Wealth, Human Development and the ‘Triumph’ of Capitalism
	‎2. The Triple Crisis of the Twenty-First Century
	‎3. The Necessity of Marx’s Value Theory in the Twilight of Capitalism
‎Chapter 2. The Value Abstraction and the Dialectic of Social Development
	‎1. The Value Abstraction in Pre-capitalist History: Cognitive Faculties as Forces of Production
	‎2. Cohen, Sayer and Söhn-Rethel on Historical Materialism
	‎3. Value Relations and Social Progress
	‎4. An Unresolved Issue
‎Chapter 3. Science, Ideology and ‘Economic Value’
	‎1. The Labour Theory of Value in Classical Political Economy
	‎2. The Economics Profession Repudiates the Labour Theory of Value
	‎3. Labour Value: From ‘Ricardian Socialism’ to Marx
	‎4. Marginalism versus Marx
	‎5. Science, Ideology and the Theory of Value
‎Chapter 4. Marx’s Capital and the Early Critiques
	‎1. Elements of Marx’s Theory of Value
	‎2. Value, Capital, and Exploitation
	‎3. Value, Capitalist Competition, and the General Rate of Profit
	‎4. Traditional Criticisms and Orthodox Responses
	‎5. The Controversy Surrounding the ‘Transformation Problem’
‎Chapter 5. Currents within the Value Controversy
	‎1. The Second Phase of the Value Controversy
	‎2. The Neo-Ricardian Challenge
	‎3. Neo-orthodoxy and the Rediscovery of the Value-Form
	‎4. Fundamentalist Value Theory
	‎5. Trends in the Value Controversy since the 1990s
‎Chapter 6. An Assessment of the Value Controversy
	‎1. Preliminary Thoughts on the Road Just Travelled
	‎2. Some Philosophical and Methodological Considerations
	‎3. Theoretical Considerations
	‎4. Value Theory and Programme
‎Chapter 7. Value, Economy and Crisis
	‎1. Capitalist Development and Its Cyclical Crises
	‎2. The Falling Rate of Profit and the Dimensions of Capitalist Crisis
	‎3. Tendencies Counteracting the Fall in the Rate of Profit
	‎4. Theoretical Arguments Surrounding the Law of the Falling Rate of Profit
	‎5. Dimensions of Capitalist Crisis
	‎6. Crises of Valorisation and Crises of Realisation
	‎7. The Historical-Structural Crisis of Capitalism
‎Chapter 8. Socially Necessary Unproductive Labour, Valorisation and Crisis
	‎1. Marx and the Problem of Unproductive Labour
	‎2. SNUL and Marx’s Value Categories
	‎3. Constant Capital and Capital Fetishism
	‎4. Theoretical Advantages of Treating SNUL as Constant Capital
‎Chapter 9. Imperialism, Unequal Development and the Law of Value
	‎1. Unequal Capitalist Development on a World Scale
	‎2. Emmanuel’s Theory of Unequal Exchange
	‎3. Critiques of Emmanuel
	‎4. Shaikh’s Critique of Emmanuel and the Ricardian Theory of Trade
‎Chapter 10. ‘Testing Marx’ in the Twilight of Capitalism: Marxian Value Categories, National Income Accounts, and the Crisis of Valorisation
	‎1. Part I: the Profitability Crisis of the 1970s and 1980s: Contradictory Testimonies of Empirical Marxian Research
	‎2. Part II: the LTRPF and the Rise of ‘Fictitious Capital’: the Case of the US Economy, 1950–2013
	‎3. Profitability Trends in the US Economy: Some Recent Findings and Debates
	‎4. Appendix 1: Data Sources and Methods for Smith (1991b) Study of Canadian Economy, 1947–80
	‎5. Appendix 2: Data Sources and Methods Used in Smith-Taylor (1996) Study of the Canadian Economy, 1947–91
	‎6. Appendix 3: Data Sources and Methods Used in Smith-Butovsky (2018) Study of the US Economy, 1950–2013
‎Chapter 11. Beyond the Law of Value: Class Struggle and Socialist Transformation
	‎1. The Working Class, Value, and Anti-capitalist Struggle
	‎2. Value Theory and Socialist Construction
‎Bibliography
‎Index