Review of <i>Classical Political Economics and Modern Capitalism: Theories of Value, Competition, Trade and Long Cycles </i> by Lefteris Tsoulfidis and Persefoni Tsaliki

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World Review of Political Economy

Volume 11, Issue 2

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Review of Classical Political Economics and Modern Capitalism: Theories of Value, Competition, Trade and Long Cycles by Lefteris Tsoulfidis and Persefoni Tsaliki

book-review

Author(s): Ozan Mutlu

Publication date (Print): 1 July 2020

Journal: World Review of Political Economy

Publisher: Pluto Journals

Keywords: political economics, theories of value, competition, long cycles

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Abstract

This book review presents and critically evaluates core issues raised in the recently published book titled: Classical Political Economics and Modern Capitalism: Theories of Value, Competition, Trade and Long Cycles coauthored by Lefteris Tsoulfidis and Persefoni Tsaliki. The book under review is one of the very few efforts to comprehensively cover major topics of the classical political economics approach. Among these topics included are the following: the theory of value, economic reproduction, and true competition in domestic and international markets as well as long economic cycles in the movement of key economic variables. A salient feature of the book is that the “laws of motion” of modern capitalism are derived and supported by empirical evidence based on refined economic data and appropriate input–output or econometric analysis. The overall evaluation is at the end of the present review along with a critical account for further research efforts.

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Author and article information

Journal

Journal ID (doi): 10.2307/j50005553

Journal ID (jcode): worlrevipoliecon

Title: World Review of Political Economy

Publisher: Pluto Journals

ISSN: 2042-891X

ISSN: 2042-8928

Publication date (Print): 1 July 2020

Volume: 11

Issue: 2 ( doiID: 10.13169/worlrevipoliecon.11.issue-2 )

Pages: 270-277

Article

Publisher ID: worlrevipoliecon.11.2.0270

DOI: 10.13169/worlrevipoliecon.11.2.0270

SO-VID: 983564b5-93a1-4649-a8bf-8b42d01c27d1

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All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

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Product

Classical Political Economics and Modern Capitalism: Theories of Value, Competition, Trade, and Long Cycles , by Lefteris Tsoulfidis and Persefoni Tsaliki, 2019, Cham, Springer xix + 456 pp., ISBN 978-3-030-17966-3

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lang eng

ScienceOpen disciplines: Political economics

Keywords: political economics,theories of value,competition,long cycles

Reference

Tsoulfidis, L., and P. Tsaliki. 2019. Classical Political Economics and Modern Capitalism: Theories of Value, Competition, Trade, and Long Cycles. Cham: Springer.

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[1] Tsoulfidis, L., and P. Tsaliki. 2019. Classical Political Economics and Modern Capitalism: Theories of Value, Competition, Trade, and Long Cycles. Cham: Springer.