Description: "Marxist economic thought has had a long and distinguished history in Japan, dating back to the First World War. When interest in Marxist theory was virtually nonexistent in the United States, rival schools of thought in Japan emerged, and brilliant debates took place on Marx's Capital and on capitalism as it was developing in Japan. Forty years ago, Makoto Itoh's Value and Crisis began to chronicle these Japanese contributions to Marxist theory, discussing in particular views on Marx's theories of value and crisis, and problems of Marx's theory of market value. Now, in a second edition of his book, Itoh deepens his study of Marx's theories of value and crisis, as an essential reference point from which to analyze the multiple crises that have arisen during the past four decades of neoliberalism"--
Brief description:
Makoto Itoh Makoto Itoh is Professor Emeritus at the University of Tokyo and a member of the Japan
Academy. He taught at the New School, New York University, Harvard University, Cambridge University,
the University of London, York University in Canada and University of Sydney. His books include The
Basic Theory of Capitalism, The World Economic Crisis and Japanese Economy, Political Economy for
Socialism, Political Economy of Money and Finance, and The Japanese Economy Reconsidered.
Review Quotes: "
This is one of the most important books in Marxist political economy of the last several decades. With
exemplary clarity, Makoto Itoh has built a bridge between the Uno tradition of Japan and the Marxism
of Europe and the USA. Fresh material on crisis and the transformation of contemporary capitalism
ensure that this new edition will be vital to Marxism in years to come.