Capitalism in the 21st Century

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Marx's law of value serves as a critical lens through which contemporary capitalism can be analyzed, addressing issues such as labor, profitability, technology, and imperialism. The authors, Michael Roberts and Guglielmo Carchedi, argue that understanding these modern complexities does not require new theories, but rather a deeper engagement with existing Marxist concepts. This ambitious work appeals to both heterodox economists and labor activists, highlighting the relevance of Marxist theory in deciphering current political economic trends.