1927, Economic Theory of the Leisure Class, N. Bukharin (Vol VI Marxist Library)

Description: 1927American EditionEconomic Theory of the Leisure ClassNikolai BukharinMarxist Library Volume VIGood condition (see photos)No writing or bookplatesBinding tight (see photos)pp. 215Dimensions: 8 3/4" x 5 3/4" x 1"Nikolai Bukharin (1888-1938) was a Bolshevik revolutionary, Soviet politician, Marxist philosopher and economist and prolific author of revolutionary theory. He was executed by firing squad. Bukharin completed this work in 1914; it represented an attempt to grapple with the Austrian School of political economy, as represented chiefly by Eugen von B hm-Bawerk. Bukharin interprets the school as reflecting the social position of the rentier stratum of the capitalist class, which tends to view the economy from the point of view of consumption rather than production. But this is merely the introduction to a close consideration of the theory of marginal utility as contrasted with the labor theory of value which formed the starting point of both Marxism and classical economics. His discussion, therefore, while it does not deal with the many changes and refinements of neoclassical economics, does contrast, in polemical form, Marxism with the fundamental premises of modern academic economics. His discussion of subjective and objective value definitions, in particular, will help clarify for many the essential differences that distinguish Marxist political economy from other schools.In his Preface to the American Edition, Bukharin states that it is the only work presenting a systematic criticism of the fundamental tendency of bourgeois theoretical philosohy in the field of economics.

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