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"Asa s ophisticguiadtee dt ot hes tatoef
economitchinking , thiwso rki sUl llll atched."
-Fortune
"ThNewe Pa/graivsae t e stimotnoyt hec apaicty
ofe conomictso· illustrtahtewe o rld."
- RoberHte ilhroneNrew, YorRkeview oBf ooks
Suche videncoeft hei mportaonfcT ehe New
PalgraAv Dei:c tiooEfnc aornyo hmais cs
promptetdh ep ublicatioofnt heb ookisn t his
sereisF.r oma mongt hen earl2y0 0a0r ticinl es
them aindi ctionatrhyee ditorhsa ves elected
relevaenntt rioenas p articutloapri c,
encapsulatthinedg e battehsa mta ke
economiscovs i taanld v igoroaud si scipline
today.
Marxiaann alyfsoirs gceosh erelnitn ks
betweeenc onomihciss,t osroyc,i olaongdy
philosopthhyeu, n iqusec aloeft hee nterprise
beingi tesn durisntgr engTthhe.s ees says
provifdaes cinatinisnigg hitnst toh el ively
debatoenst hef oundatoifot nh ee ntire
-MarxiEacno nomics.
structure
THE NEW
PALGRAVJE
THEN EW
PALGRAVJE
EDITEDB Y
JOHNE ATWELLM URR�AYMILGPAETTEE NRE WMAN
· ·
W.W. NORTO&N COMPANY
NEW YORK LONDON
•
© TheM acmillParne sLsi mite1d9,8 71,9 90
Firpsutb lishiend
ThNee wP a/grAa Dviec:t ioonfEca ornyo mics
E��HtbeyJd o hnE atwellM,u rraMyi lgaatned P eteNre wman
in. 'ovuorl ume1s9,8 7
TheN ew Palgraivsae t rademaorfk
TheM acmillParne sLsi mited
FirAstm ericEadni tio1n9,9 0
Allr ighrtess veerd.
ISBN 0-393-02735-X
ISBN 0-393-95860-4 PBK
W.W .N orto&n CompanyI,n c.
500F iftAhv enue
New YorkN,Y 10110
W. WN.o rto&n Company, Ltd.
37G reat RusSsterlele t
LondonW ClB 3NU
PrintiendH ongK ong
2 3 4 5 6 7 8 9 0
Contnets
KarMla rx ErnsetM andel 1
Absoleur etnt EdnalAdroa qudeaSm i lv3a9
Abstraanccdt on creltaeb our AnwaSrh aikh 42
Aliteinoan GerogCea terpehso 45
PauAll exaBnadrearn PauMl. S weezy 50
OttBoa uer TomB ottomeo r 53
EdaurBde rnstein TomB ottomore 55
Bougresoiie J. sFtoer 59
HarrByra verman DaviMd.G ordon 65
NiokliIa avnoivtcBhu kahrin DonalJd.H arris 67
Caplia tsaa s ocrieaallt ion AnwaSrh aikh 72
Class J.F oster 79
Commoydfe ittishism A.H ussain 85
Commusnmi ErnsetM andel 87
Constaanntdv arbilcaea pital N.O kihsio 91
Conrtadiiocsnot fc aipatlism AnrdeGw lyn 140
Creiss P.K enway 101
Dialecmtaitrceiaall ism RoyE dlgey 151
_____
/Dialectrieacnsaioln g GarheS ttedmJaonn es 121
---
Distbruititohnre ioes DaviMd.G ordon 192
MauircHee rebrDto bb AmartSyean 141
__..-/ Ecoonmiictn errtepaotnio fh iosrty ErneGsetl lner 184
FriedrEinceghl s GaretShet dmaJnon es 195
Expilttooain AnwarS haikh 156
Feudalism Rob er t Brenner 107
Fitciiotsuc apital S.d eB runhoff 186
Finnaccea pli ta J.To mlinn so 188
Fulclo 1nnmsium PJ.D.. Wiles 193
AnotniGora msci MasismoL .S alvadori1 96
,,.
� .. v
,,, �·
Conetnts
199
HenyrkG romsasn JoesfS etindl
201
RudoHlifl ferding RoyG reen
205
Imperima lis AliHc.eA msden
218
KarKlau tys k TadeuKsozwl aik
222
Labopuorwr e G. Vdiev o
225
Labopurro cess WillLiaazmon ick
233
Labotuhre oorfvy au le FeranndVoia nlelo
247
RoasL uxmebugr TaeduzsK owalik
254
Markevtau lea ndm arkperti ce AnwaSrh aikh
257
Marxivaalneu a nyaslis JE..R oemer
256
Marxism Andrwe Artao
274
MarxiEsctno omisc AnderwG lyn
268
RonalLdni dlMeeye k AnderwS kinner
298
Modeo fp roduction R.J essop
297
Monpoolcya pitalism Paul SwMe.e zy
304
Organciocm posoifct aipoint al Anw arS haikh
310
GerogViail iennvoticPhl ekohva n M.F alkus
313
Pritmviiec apitaaccluimsutl ation RosTsh omson
321
Ratoefe xploitation FaiboP etri
326
Realoinzp arbtoliem P.K enway
331
Regulation RobeBroyte r
336
DaviRdy azaonv D.JS.t ruik
338
Simpalneed t xendreedp rotdiuocn MeghnaDde sia
342
Socinaelcleys tseacrhyn ique JohnE atwell
Surpvlaluuse AnwaSrha ikh 344
PauMla loSrw eezy JohBne llFaomtyse r 305
356
Traonmrsaftipornbo lem EK..H unatn dM akr Glick
363
KozUon o T.S ekine
365
Valaunedp rei c MeghnaDde sai
373
Vulgaerc onomy KrisBhhnaar adjw a
377
Conrbtiutors
VI
GeneraPlre fa ce
Theb ooiknst hsiesr airees otffshper ionfTg h e PNaeglwr a:v DeAi ctriyoo fn a
Econcosm.i Diocntyai r
Publiisnlht aee1d 89 7t,h e harspa idbleyc oams et aanrdd
rerfeenwcoekr i ne cnoomicHso.we v,ei rtfsuo rh eavy ctoonmteasoi vneifruno rg
milolnwi ordosn ther wahnogofeel oc eno mitch ouignsho tat f romc onvenient
toe vyep rotentuisaeFlro .mr a nsyut detnsa ndta echeirts s iimsp tloyo bulky,
tocoo pmrehenasnidtv oeeox epnseif rove veryudsaey.
Byd evoeplitnhgpe r esento fcs oemrapicevtso u lmeosf r erpinftorsm t he
ThNee wP aglrave
origwionrawkle, h oept hastoe mo ft hien teecltllwu eaalotfh
wiblelc oamcec seisbtlome uc hw idgerro uopfrs e adEeacrhso .f vtohleu miess
devoteadp atrot ibcarunlcaohrfe conomsicuchas se, c ontormieocrgs e nle ra
equibirli1uo nrm oneyw,i tah s cpoec orreosndpinrgou ghltyoa uneirvsity
courosnte h tas ujbcet. Afrpoamcr ortr eocnot fim ispsr,ei tntcth.ce on teonft
eacohfi trse prianrittcelidees sax cttlhysem a ea st haotft hoer igIinna adld.i tion,
afe w brnaenwed nt irehsa ve cbomemeinso snieeds pecfiroat lhsleey r eiietsh,e r
tofi lla na ppargeanpot r mec oormmontloiy n cltuodpeti chsah tav er isteon
promiens einenct chdei icnotary owiragnsial ylc ommisesdi.o n
The NPeawlg rave
As ist he psaoerlnoetf t hper esseeinretis t, mbaehy e luplf
DitciaornoyfP olitical
toe xpltahiaintit s mtoheder snu ecscrst oot heecx ellent
Ecoomny
edibtyeRd .H .I gnlPiasgl raavndep ubliisnth herdve ouelm eisn1 984,
1986a nd1 989A. s encdoa nds lilgymh otdfiiedv erseidoeindtb, y H enrHyig gs,
appaeerdd uirntgeh m id19-20Tsh.e tsweeo d oitnsei accho anitned a4l,0m0o0s t
entribeusmt,a n yo ft heow serseni p1lbyir edffie nitiaonndms a noyf ottheehr s
werdee vottoep de ripthpoeirscsa ulc ahsf roeicgoni gnema,a ritciomeme mcre,
andS octthi lsawT.om ake rforoot mhs ep eccutlagarro witneh c omniocosv er
ThNee wP aglrave
thlea 6s0ty eawrhsi kleee psiitnltglo a m anagelaebnlget h,
conecnttreiadsn etad eocnnoo imcte horyi,to sir ginsaa,tn oidrt csl osceolgaynt e
dsiclinipesI.tn se ar20l,0y0e niter(soc mmissifroonmoe vde 9r0 0sh cola)ra sre
alsle- lcfontaiany,ess do emetseissmb rief bmuete rd neefivinenoirst .
,,.
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GeneraPrle afc e
ThNee wP a/grave
Aparfortm i tbsi oagphrilce antries, isc onencredc hiefly
witthho errya thtehraf nca td,oc trinet hrnaad taht;aea nrid t n oiatsta lcll ear
shdo ul
howt heoarnydd octriansde i,s tfiornmcf catt asn fidg ures, bet reaitne d
ane ncycloOpnaewe adyii sa. et aoet v terryftorhmia np gar ticpuoliaonrfvt i ew.
Encycilero apieesedo n
Broasdpleya ktihnawgta, st hwea y ofD ider'ocstl assic
Nouavude cjotniainrdee' c onomie
(1 5717-712,)a si tw asa lsoofL eoSnay 's
polqui(et1 i98-12). S ometimaess ,i n bayrQ tuiecslneaasndy T urgiontt h e
Enclyocpetdhaiipsep ,ar cohha ysi elednetdro ifse usr pabsrsiailnnlcgTie o.oo t fen,
howevebro,tt hhr ea nogfse u jbcetcso everda ntdh qeu aloiftt hyce o evraigteesl f
are iossuelrrye dubcyes du cahs e-llfiimnipgter psectiTvheu.ts eh e nytc rlald e
'Met heo'id nt eh rfsietd itoifoS nay 'Dsi ctiiroaense nstraetdh tat eh usoe f
mathemaitnei occnsoi mc'siw loln leyv ebrei nt hhea ndosfa fe w',an dt he
diocntriayb ackueptd h at bcylc ahiomo snionttgo haanveyen tornyC ournot.
Anohtearp rpoaictsho h aveea ch tekanect arryte or eflweictth isitenvl afr gy in
poinotfv si eTwh.im sa yh eltphs et udteenmtp oraaswr hielnpy r,e ipgnaf rroa n
exmaintoainB.u itn a s ujbcetl iekceo niocms,O lytmhpei daent achwmheincth
thaipsp rcohra eqeusoi tfrepnl caeash eabvuyr deonnt haeu thaosrk,if norg a
srcupulaoccuosu onftd octrihneoe rss hbee liteovb eeas tb eswtrn ogh-ead.e d
Evewnh eann e specaibalaleul tyh dooersp rocdeau j duicisouuersyva rtiictl e,
iss urteolmoyu ctho a stkh tai atsl oc onvjesuyta sn ulcehn thsumsf irota hose
theoriehstm itgshuoiudgefdrot haeosf suoncdon gelnL.ia ackainne gn thsuitsci a
expiotsihoowne,v etreh,d iasvofuerdt heomraiyet sh ebnes tudlieecsdols es ly
thnat hedye rsve.e
ThNee wP ar/agve
dindo ats ikt asu thtootr rste e acnoomitceh oyrfr oma ny
partipcouilonafvtr i ,ee wcxepitno nree spteobc etd icsussbeedl oNwo.rd iidt
caflrols ruevysI.n sdt,ee aacahuh towra sa skedm atkcoel ehasiro rh eorw n
vieowfts h seu jbcetu nddeirs cusasnifdroo t nh,re e tsotb e faiasar n adc ucarte
asp ossibwliet,hs oturti tvoi n'bguje d iucs'iA.o b alancpeedpr esctoinv ee ach
intlelryn,a
topwiasca lawytsh aei mt,hi ed eBaulit.wt a tso b es uoghnto t within
exteyr,n all
eacahr tl,ieb cut bteweeanr tiwcilttehhs e,d rereraa tthhenart hwer iter
handtehdte a sokfa chieavp ienrgs obnaanllcab ee twdeieeffnir nvgi ews.
Foarc ontreorvstioaplai s ceo,tf s ervaemlo ero rl essnyso nmyouhse dawodrs,
matchbeyad b rodaidv erosfci otrnyit bru,stw oasd eisngetd op roudceen oguh
vraiyeo tfo piinotnoh elfpro mt hreae de'rso wns nythie;sis neddes,cu hd iversity
wiblelf uondi nm osotft hiedn ivuiadvlo ulmeisnt hsiesir es.
Thiasp oprachw asn otw ithot uist prbolemTsh.u, s thep ervlaenocfe
unceirtntyia nt hpeor ceosfs m cmiossiinoegnn itersso me1tepisrn ocdeuadl ess
diveorutsceo mteahn w e hpaaldnn e.d' Ic acna sliplir tfrso mt hev asdteye' p ,
saiOdwe nG leonwde'rW.h ,ys oc na I',r elepidH ostp,u' rro csoa ann mya n;/
Buwti tlhle cyo emw heyno duo c aflrolt he?m' oIuner x perineonqtcu eia,ts e
otfeansw ew oulhda vlei ked.
Par/ag'vse
Theon ep oionfvt i ewd iwudegr eu pone veorneyo f auhtorwsa s
tow rietfr om anh sitioacrlp erspteicvFeoe.rca hs ujbceti tcso ntriwbauasts eokdr
tod iscnuosotsnl yp ersepnrtbol embsu atl spoa sgtr owatnhfd ut ruep ropsetcs.
Thirse eqtsuw amsa dient e hb eltiheakftn olwdegoeft hhesi tioacrld evoepmlent
Vlll
