Reconstructing Marxian Economics: Marx Based Upon a Sraffian Commodity Theory of Value

This book addresses the unresolved problem posed by the late economists Joan Robinson and Ian Steedman who criticized Marx's labor theory of value from a Sraffian perspective. Spencer J. Pack makes a major contribution toward resolving the problem by convincingly asserting that it is possible to build upon Marx's work and to produce a Marxian-type analysis without using the labor theory of value.