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A Break-through in Marxian Economic Theory

A Break-through in Marxian Economic Theory Pranab Bardhan A General Theory of Exploitation and Class by John Roemer; Harvard University Press, Cambridge, Massachusetts, 1982, A WELL-KNOWN economist, who is not easily given to praise, told me last year that he had served as a pre- publication referee for Harvard University Press for this book and that in his judgment this was the best work in Marxian economics in the last fifty years or so. Clearly this was in part a comment on the relative stagnation in Marxian economic theory in many years (let alone the sorry spectacle of cliches and shibboleths that pass for Marxian economics in many circle'). But there is no doubt that this book will remain an important landmark in any further development in the Marxian conceptual framework of exploitation and class. After a brief exposition of the main ideas in the book I shall offer some general critical comments.

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