Laws of Chaos: A Probabilistic Approach to Political Economy

Laws of Chaos: A Probabilistic Approach to Political Economy

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Author/Contributor(s): Farjoun, Emmanuel ; Machover, Moshe
Publisher: Verso
Date: 02/25/2020
Binding: Paperback
Condition: NEW
Classic work of political economics

In this classic work of political economy, Emmanuel Farjoun and Moshé Machover rebuild two fundamental concepts of the discipline: price and profit. They redefine the basic notions of political economy, relying on probabilistic-statistical methods of the kind used in the modern foundations of other sciences. This amounts to a rigorous new foundation of the labour theory of value.

A defining work of Econophysics, republished for the first time since 1983, Laws of Chaos remains a challenging, innovative work of Marxist economics.