How Long to Read Explorations in Marx’s Theory of Price—Why Marx Is Still Relevant for Understanding the Modern Economy

How Long Does it Take to Read Explorations in Marx’s Theory of Price—Why Marx Is Still Relevant for Understanding the Modern Economy?

It takes the average reader 5 hours and 38 minutes to read Explorations in Marx’s Theory of Price—Why Marx Is Still Relevant for Understanding the Modern Economy by Howard Nicholas

Assuming a reading speed of 250 words per minute. Learn more

Description

This book is the first volume in a three-volume series that takes an in-depth look at the relevance of Marx's economics for understanding the modern economy. The focus of this volume is the money prices of commodities. In light of the failure of central banks to stimulate inflation through printing of money, it is now accepted that there are problems with the mainstream approach to the explanation of prices. Howard Nicholas underlines the shortcomings of this and other approaches to the explanation of prices, particularly their concepts of the value of the commodity and money. He argues the problems with all other approaches are manifest in their inability to explain the changes in the relative prices of commodities, taking place in the context of changes in the aggregate money price level as well as independently. He contends that of paramount importance in Marx’s explanation is that prices are set by producers prior to putting their commodities into the process of circulation, undermining the notion they are determined by the supply of and demand for the commodities in the process of exchange. Marx’s approach to the explanation of prices is also contrasted with those of Neoclassicals, Post-Keynesians and Sraffa, with a view to highlighting the shortcomings in these approaches as bases for their understanding and explanations of money and prices. This book will be of interest to academics and students of price theory, money and finance, political economy, and the history of economic thought.

How long is Explorations in Marx’s Theory of Price—Why Marx Is Still Relevant for Understanding the Modern Economy?

Explorations in Marx’s Theory of Price—Why Marx Is Still Relevant for Understanding the Modern Economy by Howard Nicholas is 328 pages long, and a total of 84,624 words.

This makes it 111% the length of the average book. It also has 103% more words than the average book.

How Long Does it Take to Read Explorations in Marx’s Theory of Price—Why Marx Is Still Relevant for Understanding the Modern Economy Aloud?

The average oral reading speed is 183 words per minute. This means it takes 7 hours and 42 minutes to read Explorations in Marx’s Theory of Price—Why Marx Is Still Relevant for Understanding the Modern Economy aloud.

What Reading Level is Explorations in Marx’s Theory of Price—Why Marx Is Still Relevant for Understanding the Modern Economy?

Explorations in Marx’s Theory of Price—Why Marx Is Still Relevant for Understanding the Modern Economy is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Explorations in Marx’s Theory of Price—Why Marx Is Still Relevant for Understanding the Modern Economy?

Explorations in Marx’s Theory of Price—Why Marx Is Still Relevant for Understanding the Modern Economy by Howard Nicholas is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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