THE THEORY OF VALUE, CAPITAL AND INTEREST

A New Approach

The late Branko Horvat, formerly Head of the Zagreb Institute of Economics, President of the Social-Democratic Union of Croatia and Life President of the International Association for the Economics of Self-management, Croatia

In The Theory of Value, Capital and Interest, Branko Horvat puts forward a new economic theory, relevant to real-world economics. This radical and innovative book deals with the economy as a system which includes producers, consumers and a social regulating agency, rather than simply as an aggregate of individuals.

‘The book offers a solution to the long-standing labour theory of value controversy and will provoke much discussion.’
– Aslib Book Guide

‘. . . this book represents a step toward a better understanding of economic phenomena.’
– Mario Amendola, Journal of Evolutionary Economics