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Contemporary Economists in the West. Critical Essays on Oppenheimer, Stolzmann, Amonn, Petry, and Liefmann

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Published Aug 2024

Isaak Ilyich Rubin

Author: Isaak Ilyich Rubin
Editor / Translator: Richard B. Day
Isaak I. Rubin, author of numerous works in Marxist theory, explains the failure of the Austrian School’s attempt to reduce political economy to individual psychology. Emphasising the sociological dimension of Marx’s work, Rubin welcomes a new ‘social direction’ in the writings of Rudolf Stolzmann, Alfred Amonn and Franz Petry. These economists rejected Austrian individualism, but their works were often influenced by the ethical idealism of Kant and Hegel, resulting in detachment of the economy’s social form from the material process of production. Rubin critically explores methodological differences between Marx and early twentieth-century critics and proponents of marginalist economic theory.

Biographical Note

Richard B. Day, Ph.D. (1970), University of London, is professor of political economy at the University of Toronto, Canada. He has published extensively on Soviet economic and political history, including Leon Trotsky and the Politics of Economic Isolation (Cambridge University Press, 1973).

Readership

Contemporary Economists in the West: Critical Essays on Oppenheimer, Stolzmann, Amonn, Petry, and Liefmann is of interest to readers in Marxism, the history of economic thought, economic philosophy and methodology, and the psychological and sociological elements of political economy.

Table of Contents

Foreword
Preface

Part1 The Economic Theory of Franz Oppenheimer

Introduction by the Editor

1 Oppenheimer’s Two Formulae of Value

2 Critique of Oppenheimer’s First Formula of Value
Value and Income

3 Critique of Oppenheimer’s Second Formula of Value
The Value of Products and the Value of Labour

4 Skilled Labour

5 The Theory of Monopoly

6 Surplus Value as Monopoly Income

7 The Contradiction between the Theory of Value and the Theory of Surplus Value

8 Oppenheimer as Critic of Marx

Part2 Rudolf Stolzmann and the Social Method in Political Economy

Introduction by the Editor

1 The Social-Organic Method

2 Stolzmann and the Theory of Labour Value

3 Stolzmann’s Theory of Value and Distribution

4 Stolzmann as Critic of Marx

Part3 Alfred Amonn and the Social Method in Political Economy

Introduction by the Editor

1 Amonn’s Teaching on the Subject Matter of Political Economy

2 Critique of Amonn’s Doctrine

Part4 Franz Petry and His Attempt to Give a Social Interpretation of the Marxist Theory of Value

Introduction by the Editor

1 Isaak Rubin on Franz Petry

Part5 The Economic Theory of Robert Liefmann

Introduction by the Editor

1 The Psychological Conception of Economy

2 Money Economy

3 Capitalist Economy

4 The Theory of Prices

Appendix1: ‘The Austrian School’
Isaak Il’ich Rubin
Appendix2: Isaak Il’ich Rubin on Supply, Demand, and Price Determination
Richard B. Day
References
Index