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Marx´s Theory of Price and its Modern Rivals provides an original look at how Marx understood the role of money, extending his theory to consider how prices move over the course of business cycles. Key modern theories of price are also analysed; Neoclassical, Post Keynesian and Sraffian theories are contrasted with Marxian thought.

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Introduction Marx on Price in the Simple Circulation of Commodities Marx on Price in Capitalism Marx on Smith and Ricardo Marxist Interpretations of Marx´s Theory of Price The Neoclassical Theory of Price Post Keynesian Theory of Price Sraffa´s Theory of Price Concluding Remarks

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´...a precious work´ - Dr. Vickramabahu Karunaratne, Sri Lanka Guardian

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HOWARD NICHOLAS teaches Economics at the International Institute of Social Studies, Erasmus University of Rotterdam, the Netherlands. He has been an advisor to the Ministry of Policy Planning, Sri Lanka, and headed the UNDP´s study of the Macroeconomics of Poverty Alleviation in Sri Lanka from 2002-3. He has published in the areas of inflation, development theory, financial markets, the global economy, and the macro dynamics of a number of countries.

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