This contribution to economic philosophy considers Marx's pronouncements on the organization of future society, and in this context re-examines the long-lasting debate triggered by Mises's argument that modern industrial production requires a system of spontaneously-formed market prices. In an undogmatic, non-technical treatment, Steele contends that both the Marxian conception of future society and the Misesian argument against its feasibility have frequently been misunderstood. The work scrutinizes the replies to Mises, and explores some of the wider issues raised by the economic (...) calculation debate. (shrink)

v. 1. Editorial introduction -- v. 2. The English and Latin texts (i) -- v. 3. The English and Latin texts (ii).

Thomas Hobbes took a new look at the ways in which society should function, and he ended up formulating the concept of political science. His crowning achievement, Leviathan, remains among the greatest works in the history of ideas. Written during a moment in English history when the political and social structures as well as methods of science were in flux and open to interpretation, Leviathan played an essential role in the development of the modern world. This edition of Hobbes' landmark (...) work is based on the original text. It incorporates the author's own corrections and retains the period spelling and punctuation, offering both flavorful authenticity and the utmost clarity of expression. (shrink)

The last two decades have seen Marxism's academic renascence. In fields as diverse as law, literary criticism, history, and philosophy, Marxism once again captivates no small number of scholars. In part, this reassessment is driven by the efforts of a group of philosophers and economists to reconstruct Marx from the ground up on a more rigorous basis. The work of these "Analytical Marxists" -- who include G.A. Cohen, Jon Elster, and John Roemer -- is given a sustained examination and critique (...) in David Gordon's Resurrecting Marx. The charge of the Analytical Marxists that capitalism is inherently exploitative and unjust is the primary subject of Gordon's book. Gordon takes issue with that contention; he argues that the Analytical Marxists' withering criticism of classical Marxism is essentially correct, but that they fail to replace it with a superior theoretical edifice. Gordon also analyzes the Analytical Marxists' reformulation of the Marxian notion of exploitation, the implications of their rejection of the labor theory of value, their differences over what rights people have, and their arguments for the compatibility of markets with socialism. (shrink)