Laws of Chaos: A Probabilistic Approach to Political Economy

Publisher: Verso Books
BISAC/Subject: POL023000, POL010000, POL005000
ISBN: 9781788737043, Related ISBNs: 1788736486, 1788737040, 9781788736480, 9781788737043
Classification: Non-Fiction
Number of pages: 272,
Audience: General/trade
Synopsis: 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.
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