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and objectified labour 33\n\nLivingstone, Ken, praise for Gordon Brown 303\n\nLogic of capital and greenhouse gases 315\n\nLogic of states, counterposed to logic of capital 107\n\nLong boom 161-192; common mistaken explanations 163,165\n\nLong Term Capital Management hedge fund, lifeboat operation 234\n\nLosses due to telecoms bubble 286\n\nLucas, Robert, on failure to understand cause of slump of 1930s 9\n\nLuxemburg, Rosa 77, 89,132; theory of imperialism 99-101; luxury consumption of capitalist class 126; \"Anti-Critique\" reply to Otto Bauer 101\n\nMacmillan, Harold 349\n\nMage, Shane, quoted 164-5\n\nMahalia al-Kubra 344\n\nMaksakovsky, Pavel V, on Marx's theory of crisis 59-61\n\nMalaysia 221, 242; turn to state capitalism 185; anti-Chinese riots 345\n\nMandel, Ernest 197; on absence of crises in Soviet economy 202\n\nManifesto of the Communist International to the Workers of the World, The (Leon Trotsky) 1 1 6\n\nMann, Michael, on limits of globalisation 261\n\nManual occupations in service sector 334\n\nManufacturing, centrality in modern society 333\n\nMao Zedung, death 243; see also China\n\nMarcuse, Herbert 331\n\nMarginal efficiency of investment, and rate of profit 150\n\nMarginal output 41; contradiction in measuring it for neoclassical theory 44\n\n\"Marginal utility\" 23, 43\n\nMarginal value of capital 44\n\nIndex\n\nMarginalist school of economics 9, 23, 41, 162; see also neoclassical school Marketisation 240\n\nMarshall, Alfred 41; on failure of neoclassical theory when it comes to real world 10; time as a problem to be ignored 42; merits in a labour theory of value 44\n\nMarx, Karl, and Engels, Frederick, reject Malthusianism 320; on capitalism's destructive effect on human interaction with nature 307; on productive forces 81\n\nMarx, Karl, ideas 21-40, 55; on waste and organic composition of capital 129-30; financial profits as paper claim on real production 289; on role of finance 281; on role of credit system and fraud 64; discussion on finance in Volume Three of Capital 298; on accumulation for the sake of accumulation 204; on anarchy of market and despotism of factory 80; on capital accumulation and growth of \"surplus\" population 340; on capitalists as hostile brothers 268; on crises of 1846 and 1857 in Britain 152; on damage to agriculture by capitalism 82; on division of functions within capitalist class 1 1 4; on interest rate rises to protect value of money 286- 7; on labour and the natural world 81-82; on organisation of production within enterprise 79; on state machine in 19th century France 1 1 1; on sudden outbreak of crisis 148; on the state and unproductive expenditures 129; refines distinction between productive and unproductive labour in Capital 122-12; on vampire-like character of capitalism 84; skilled and unskilled labour 50; refutation of Say's law 57\n\nMarx's theory of value, criticisms of 41\n\nMarxist economic theory, tendency to look inwards 15; explanation of interwar slump 152-2; failures to integrate arms spending into analyses 165\n\n415","previous_page":414,"next_page":416}