From Value to Uneven Development. Selected Writings by John Weeks in the Marxist Tradition

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Published Jul 2024

John Weeks

John Weeks (1941-2020) was one of the most prominent Marxist economists of his generation. His writings inspired many activists and socialist economists around the world. This book brings together a selection of his writings engaging with and developing the Marxist tradition. These essays examine theoretical issues, directly building on Karl Marx’s work, as well as practical and political issues, engaging with transformative and revolutionary activity. The essays included in this book are now made available to a new generation of critics of capitalism.

Biographical Note

Ben Fine is Emeritus Professor of Economics at SOAS University of London, and Visiting Professor at Wits School of Governance, University of Witwatersrand, South Africa.

Simon Mohun is Emeritus Professor of Political Economy at Queen Mary University of London.

Alfredo Saad-Filho is Professor of Political Economy and International Development at King’s College London, and Visiting Professor at the University of Johannesburg, South Africa, and LUT University, Finland.

Readership

Academics and graduate students working on Marxist political economy.

Table of Contents

Acknowledgements
List of Figures and Tables

Introduction
Ben Fine, Simon Mohun and Alfredo Saad-Filho

Part 1 Essays on the Theory of Value

The Sphere of Production and the Analysis of Crisis in Capitalism

On the Issue of Capitalist Circulation and the Concepts Appropriate to Its Analysis

The Process of Accumulation and the ‘Profit-Squeeze’ Hypothesis

A Note on Underconsumption Theory and the Labour Theory of Value

Part 2 Essays on Development and Underdevelopment

The Law of Value and the Analysis of Underdevelopment

Epochs of Capitalism and the Progressiveness of Capital’s Expansion

Equilibrium, Uneven Development and the Tendency of the Rate of Profit to Fall

The Expansion of Capital and Uneven Development on a World Scale

International Exchange and the Causes of Backwardness

10 Class Alliances and Class Struggle in Peru
Elizabeth Dore and John Weeks

11 Backwardness, Foreign Capital, and Accumulation in the Manufacturing Sector of Peru, 1954–75

John Weeks’ Academic Writings
References
Index