A Guide to Marxian Political Economy What Kind of a Social System Is

This textbook offers a comprehensive guide to the systematic structure of capitalism, while at the same time introducing readers to all three volumes of Marx’s Capital. Based on his extensive expertise on Marx’s critique of political economy, the author r

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A Guide to Marxian Political Economy What Kind of a Social System Is Capitalism?

A Guide to Marxian Political Economy

Teinosuke Otani

A Guide to Marxian Political Economy What Kind of a Social System Is Capitalism?

Teinosuke Otani Tokyo Japan

The Work was first published in 2001 in Japanese by Sakurai-Shoten Publishers, Tokyo with the following title: Zukai Shakai Keizaigaku: Shihonsyugi towa Donoyouna Shakai System ka? ISBN 978-3-319-65953-4    ISBN 978-3-319-65954-1 (eBook) https://doi.org/10.1007/978-3-319-65954-1 Library of Congress Control Number: 2017964083 © Springer International Publishing AG 2018 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer International Publishing AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

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Preface Everyone knows that the social system known as «capitalism» constitutes the bare bones of modern society. However, if asked to explain what «capitalism» is, it soon becomes clear that the answer is not easy to provide. Political economy—a scientific current that flowed from the Classical school of political economy into Marxian political economy—has struggled to answer this question since the time that the capitalist social system first emerged. The aim of this book is to convey to readers the answers that Marxian political economy has provided. The etymology of the term «political economy», incidentally, throws light on its proper meaning. The term «economy» can be traced back to the Greek word οικονομια (oikonomia); it is a combination of the words οικος (oikos), which means «house or place to live in», and νομος (nomos), which means «to manage», so when combined the meaning is roughly «management of a household». The term was later applied to the financial policies of th