Fundamental. Roberts and Carchedi explains the characteristics of the current world through its most objective dimension - the theory of value - which, in an anti-dialectical way, has been forgotten by the left in recent decades' A tour de force. This Marxist analysis is both a significant addition to the literature on Marx's theory of value and an accessible introduction to why it is essential to understanding the multiple crises of twenty-first century capitalism'

In Capitalism in the 21 st Century, the authors show how Marx's law of value explains numerous issues in our modern world. In both advanced economies and the periphery, value theory provides a piercing analytical framework through which we can approach topics as varied as labor, profitability, technology, the environment, the role of China, imperialism, and the state. Offers a rigorous Marxist interpretation of some of the major issues in contemporary capitalism. Its analysis is firmly based on the Marxist labour theory of value and is coupled with meticulous empirical support' A sweeping, authoritative and accessible overview of major issues in the global economy from a Marxist perspective Brilliant Marxian theoretical and empirical analysis ... as if updating Ernest Mandel’s Late Capitalism for the 21 st century'Carchedi and Roberts make killer arguments that Marx's labour theory of value is indispensable for understanding capitalism's environmental destructiveness, economic crises, impact on knowledge production and aspects of its financial processes'

Restates Marx’s critique of political economy for today, displaying formidable theoretical rigour and command of the empirical evidence. Roberts and Carchedi offer challenging analyses of ecological catastrophe, economic crises, imperialism, robots, and socialism from which everyone will learn' Capitalism will always be capitalism, but in the 21st century new forms, controversies and challenges have appeared ... This book masterfully shows the strength of Marx’s law of value and the alternative socialist planning' Contemporary capitalism is always evolving. From digital technologies to cryptocurrencies, current trends in political economy are much discussed, but often little understood. So where can we turn for clarity? As Michael Roberts and Guglielmo Carchedi argue, new trends don't necessarily call for a new theory.