Value and the World Economy Today brings together a diverse group of globally renowned scholars of international political economy and critical economics to examine the relevance of value theory for understanding the world economy today. The book is unique in the way that it connects literatures that have for the most part developed in isolation from each other and therefore brings questions of theory to bear directly upon the problems of analyzing current global trends and formulating responses to them. INDICE PART I: A RETROSPECTIVE ON THE VALUE DEBATE Value Theory and the Study of Contemporary Capitalism: A Continuing Commitment; B.Fine PART II: MONEY, FINANCE AND COMPETITION The Rationality and Irrationality of Money; S.Clarke Value, Finance and Social Classes; S.de Brunhoff Bridging Differences: Value Theory, International Finance and the Construction of Global Capital; D.Bryan PART III: PRODUCTION, CRISIS AND GLOBALIZATION Globalization: The Retreat of Capital to the 'Interstices' of the World?; R.Westra Value Production and Economic Crisis: A Temporal Analysis; A.Kliman Production and Management: Marx's Dual Theory of Labour; G.Duménil & D.Lévy Marxian Theory of the Decline of the Rate of Profit in the Postwar US Economy; F.Moseley When Things Go Wrong: The Political Economy of Market Breakdown; A.Freeman PART IV: REVISITING THE THEORY OF VALUE Some Critical Reflections on Marx's Theory of Value; A.Sinha What Do We Learn from Value Theory?; T.T.Sekine Marx's Value Theory and Subjectivity; R.Albritton