New PDF release: Across the Pond: An Englishman's View of America

By Terry Eagleton

ISBN-10: 0393088987

ISBN-13: 9780393088984

In this pithy, warmhearted, and intensely humorous e-book, Eagleton melds a superb outdated roast with real admiration for his associates "across the pond."
Americans have lengthy been fascinated by the oddness of the British, however the English, says literary critic Terry Eagleton, locate their transatlantic pals simply as unusual. purely an alien race might admiringly check with a colleague as “aggressive,” use superlatives to explain every thing from one’s puppy puppy to one’s rock assortment, or communicate usually of being “empowered.” Why, asks Eagleton, needs to we broadcast our children’s tuition grades with bumper stickers asserting “My baby Made the honour Roll”? Why don’t we savor the indispensability of the teapot? And why needs to we stay so irritatingly positive, even if all indicators element to failure?
On his quirky trip in the course of the language, geography, and nationwide personality of the USA, Eagleton proves to be right now an off-the-cuff and completely idiosyncratic advisor to our abnormal race. He solutions the questions his compatriots have regularly had yet (being British) dare no longer ask, like why americans willingly upward push on the break of day, even on Sundays, or why we publicly chastise cigarette people who smoke as though we’re all spokespeople for the health care professional general.

In this pithy, warmhearted, and extremely humorous e-book, Eagleton melds an exceptional outdated roast with actual admiration for his buddies “across the pond.”

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Additional resources for Across the Pond: An Englishman's View of America

Sample text

Marx 1991a: 266). When measuring a conunodity's value in money terms, he often calls it simply the "value," while at other times he calls it the "monetary expression of value" or, equivalently, the price. "Price, taken by itself, is only the monetary expression of value" (Marx 1971: 35, emphasis omitted; cf. Marx MARX'S VALUE THEORY AND CONTENDING INTERPRETATIONS 25 1990b: 1068). In this sense, then, "price" refers to value measured in terms of money rather than in terms of labor-time. The other distinction between "value" and "price" is quantitative.

I) term for the sum of value transferred plus variable capital-in other words, what it costs a capitalist to produce a commodity. According to his theory, the value produced in an industry equals cost price plus surplus-value, 11 while the price of production equals cost price plus average profit. Let us imagine that cost price, k, is $30 in the restaurant industry and $40 in the chemical industry, and that these are the only two industries in the economy. 2. 2. In accordance with Marx's theory, each industry's price of production rate of profit, TtIC, is equal to and determined by the general rate of profit for the total economy, 16%, and thus each industry's average profit, rr , is equal to 16% of the capital it advanced.

But his explanation is garbled on this reading as well: he pairs "the sum of surpluses" with "the sum of prices," the quotation from Marx is still irrelevant, and Serensen fails to explain why Marx's theory needed to be corrected in the first place. On an extremely charitable reading, Serensen is suggesting that surplus-value has no implications for profit-even though their totals are equal-because they differ at the industry level. To make sense, this novel and counterintuitive claim would require an explanation that he does not provide.

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