The political economist N. Sieber wrote a book in 1871 in part summarizing Marx's value theory compared to Ricardo's, and Marx himself favorably commented on the interpretation, thus representing a unique appreciation. Here, for the first time, Sieber's Russian text on Marx is translated, joined with an introductory article by James D. White and an article by David Smith on Sieber's understanding of value theory.

Alfredo Saad-Filho develops implications of introducing a more refined discussion of the composition of capital into Zarembka's work on accumulation of capital in the previous volume. The tendency of the profit rate under two alternative criteria for technical choice is analyzed by Cheol-soo Park. Often introduced into a 'socialist' practise, the regulation of social relations by markets is criticized by Martyn Konings as being antithetical to socialism.

Ideology provides our representations of the world we live in and Thierry Suchere connects the symbolic dimension to economic activity. Close links between Wittgenstein's philosophy and Sraffa's political economy as both embodying bourgeois ideology are developed by Jorgen Sandemose. Finally, the Stalinist ideological formation as a key component of Soviet history is developed from a Marxist perspective by Charles Bettelheim.

Abstracts of all chapters (full text also available under ScienceDirect subscription)

Nikolai Sieber and Karl Marx James D. White, University of Glasgow

Marx's Theory of Value and Money N. Sieber (1871), translated by Rakhiya Mananova and James D. White from David Ricardo's Theory of Value and Capital in Connection with the Latest Contributions and Interpretations

The Spectral Reality of Value: Sieber, Marx, and Commodity Fetishism David Smith, University of Kansas

Capital Accumulation and the Composition of Capital Alfredo Saad-Filho, University of London

Criteria of Technical Choice and Evolution of Technical Change Cheol-soo Park, New School University

On the Political Economy of Socialism: Against the Regulation of Social Relations by Markets Martijn Konings, York University

Alienation, Ideology and Fetishism Thierry Suchere, Institut Universitaire de Technologie du Havre

The World as a Game in Sraffa and Wittgenstein: A Case Study in Modern Bourgeois Ideology Jorgen Sandemose, University of Oslo

Stalinist Ideological Formation: Absolute General Secretary and the Proletarian Fetish Charles Bettelheim, translated by A.D. Bhogle, Sponsor's Preface by Ranganayakamma, Sweet Home Publications

289 Pages, 2001