{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title":"Zombie Capitalism Global Crisis and the Relevance of Marx","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9781608461042","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","uuid":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title":"Zombie Capitalism Global Crisis and the Relevance of Marx","normalized_title":"zombiecapitalismglobalcrisisandtherelevanceofmarx","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9781608461042","isbns":["9781608461042"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":426,"navigation_url":"https://workshop.closeclaw.top/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title_url":"https://workshop.closeclaw.top/ai/title/Zombie%20Capitalism%20Global%20Crisis%20and%20the%20Relevance%20of%20Marx","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","page_url":"https://workshop.closeclaw.top/api/ai/books/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page","search_url":"https://workshop.closeclaw.top/api/ai/books/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/search"},"page":{"printed_page":401,"pdf_page":401,"physical_index":401,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"46341e4ffae04356cab0a0f7ac48a78244664b185dc28e1d1900cfb3481583b6"},"chapter":"Zombie Capitalism Global Crisis and the Relevance of Marx","content":"Strachey, John: Best known purveyor of Marxist interpretations of slump of 1 930s in Britain, Labour Party minister in the late 1 940s and Keynesian apologist for right wing Labour ideas in 1950s.\n\nSurplus value: Marx's term for excess value produced by the exploitation of workers. It forms the basis for the profit of the individual capitalist plus what he pays out to others in the form of rent, interest payments and taxation (plus what he spends on \"non-productive activities\"). Denoted by s.\n\nSweezy, Paul: American economist who wrote a path breaking account of development of Marxist ideas in 1 940s (The Theory of Capitalist Development) and, with Baran, an account of mid 20th century capitalism in 1 960s (Monopoly Capital).\n\nTarifs: Taxes on imports, designed to raise their price and so make it easier for local producers to dominate markets.\n\nTaylorism: Technique of so-called \"scientific management\", based upon time and motion studies of every act of labour. Spread through industry in the early 20th century.\n\nTechnical composition of capital: Physical ratio of plant, machinery, raw materials and so on ( \"means and materials of production\") to total labour employed. When this ratio is measured in value terms rather than physical terms, it becomes the \"organic composition of capital\".\n\nTerms of trade: The relative prices of a country's exports to imports. An improvement to the terms of trade means a country has to pay less for the products it imports.\n\nTigers: Term used for East and South East Asian industrialising economies.\n\nTransformation problem: Problem which arises when the attempt is made to move from Marx's account of capitalism in terms of value to the prices at which goods are actually bought and sold. Many economists have claimed it is impossible to solve the problem, and that therefore Marxist economics must be abandoned.\n\nTriad: The three major parts of the industrialised capitalist world, ie North America, Europe and Japan.\n\nTrusts: Associations of industrial concerns which collaborate to carve up markets and force up selling prices.\n\nTurnover time of capital: Time taken from beginning of production process to final sale of goods.\n\nUNCTAD: United Nations Conference on Trade and Development, a development agency and important source of economic statistics.\n\nUnder-consumptionism: Theory which blames capitalist crisis not on the law of the falling rate of profit, but on the alleged inability of capitalism to provide a market for all goods produced within it. The first versions of the theory were put forward by early 19th century economists such as Jean Charles Leonard de Sismondi, but it has been developed since both by Marxists (from Rosa Luxemburg to Paul Baran and Paul Sweezy) and by Keynesians.\n\nUse value: Immediate useful qualities of a commodity. See Exchange Value.\n\nGlossary\n\n401","previous_page":400,"next_page":402}