- Elgar original reference
Edited by Philip Arestis and Malcolm Sawyer
David P. LEVINE (born 1948) David Levine was educated at the University of Wisconsin and Yale University where he received his Ph.D. degree in 1973. He joined the Yale Economics Department in that year, and remained there, ﬁrst as an Assistant then as an Associate Professor, until denied tenure in 1980. In 1981, he accepted a position as Professor of Economics and Chair of the Economics Department at the University of Denver, a position he occupied until 1987 when he moved to the University’s Graduate School of International Studies. Levine’s main contributions in economics fall into four broad headings: the theory of value; the theory of capital accumulation and economic growth; the theory of need; and normative political economy. Levine’s distinctive approach to economic theory developed under the inﬂuence of Hegel and Marx. His ﬁrst book, Economic Studies (1977), explores the conceptual structure of classical and modern economic theory. Following the method sometimes employed by Marx in his Theories of Surplus Value, Levine develops an internal critique of the theory of value and capital, deﬁning the conceptual issues underlying and accounting for analytical arguments. The main theme of the book can be brieﬂy summarized in the following way. The important analytical errors in economic theory are made for reasons. Uncovering these reasons is more important than correcting the mistakes. The reasons have to do with implicit and explicit conceptual arguments. Errors arise because theorists attempt to hold inconsistent arguments simultaneously within a single analytical-conceptual construct. Theorists attempt...
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