was a Japanese economist who was considered internationally to be one of the most important scholars of

Karl Marx Karl Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, political theorist, economist, journalist, and revolutionary socialist. He is best-known for the 1848 pamphlet '' The Communist Manifesto'' (written with Friedrich Engels) ...

's theory of value. He taught at Kokugakuin University, Tokyo, and was a professor emeritus of the

University of Tokyo The University of Tokyo (, abbreviated as in Japanese and UTokyo in English) is a public research university in Bunkyō, Tokyo, Japan. Founded in 1877 as the nation's first modern university by the merger of several pre-westernisation era ins ...

. Itoh belonged to the school of economic thought founded by Kozo Uno and was one of the few Japanese Marxian economists who published widely in English-language journals such as Science & Society,

Monthly Review The ''Monthly Review'' is an independent socialist magazine published monthly in New York City. Established in 1949, the publication is the longest continuously published socialist magazine in the United States. History Establishment Following ...

, Capital & Class,

New Left Review The ''New Left Review'' is a British bimonthly journal, established in 1960, which analyses international politics, the global economy, social theory, and cultural topics from a leftist perspective. History Background As part of the emergin ...

and

Ampo The more commonly known as the U.S.–Japan Security Treaty in English and as the ''Anpo jōyaku'' or just ''Anpo'' in Japanese, is a treaty that permits the presence of U.S. military bases on Japanese soil, and commits the two nations to defen ...

. He published 24 books, of which 6 are in English, and 5 are translated and published in Chinese. Itoh died from a heart attack on February 7, 2023, at the age of 86.伊藤誠さん死去

Books in English

* ''Value and Crisis'' (1980). * ''The Basic Theory of Capitalism'' (1987) * ''The world economic crisis and Japanese capitalism'' (1990) * ''Political Economy for Socialism'' (1995) * with Costas Lapavitsas, ''Political economy of money and finance'' (1999) * ''The Japanese Economy Reconsidered'' (2000)

Articles in English

* Itoh, Makoto
"Money and credit in socialist economies: A reconsideration,"
''Capital & Class'', issue no. 60 (Autumn 1996). (retrieved from bnet 12-04-2010). * Itoh, Makoto
"Skilled Labour in Value Theory"
''Capital & Class'', issue no. 11 (Spring 1987) no. 1 pp. 39–58

References

External links

* Itoh, Makoto
''The Burst of Bubble and Political Economy of the 1990s Depression''. (PDF)
* Filho, Alfredo Saad
''Political Economy of Money and Finance''.
* Foster, John Bellamy
''Marxism and the Uno School. The Basic Theory of Capitalism: The Forms and Substance of the Capitalist Economy'' by Makoto Itoh.
* Lapavitsas, Costas
''Political Economy for Socialism''.
* Hampton, Matt
''Hegemony, class struggle and the radical historiography of global monetary standards''.
* William K. Tabb, William K.
''Political Economy for Socialism''. – book reviews.

List of current publications

World Association of Political Economy
{{DEFAULTSORT:Itoh, Makoto 1936 births 2023 deaths Marxian economists Marxist theorists Japanese economists Japanese Marxists Members of the Japan Academy University of Tokyo alumni Academic staff of the University of Tokyo People from Tokyo