Laws of Chaos: A Probabilistic Approach to Political Economy - Paperback

by Emmanuel Farjoun (Editor), Moshe Machover (Editor)

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.

Author Biography

Moshé Machover is a mathematician, philosopher, and socialist activist, noted for his writings on the Israeli-Palestinian conflict.

Emmanuel Farjoun teaches mathematics at Hebrew University in Jerusalem.