Download A History of Marxian Economics, Volume 2: 1929-1990 by Michael Charles Howard, John Edward King PDF

By Michael Charles Howard, John Edward King

This moment quantity completes a severe historical past of the social, political, and theoretical forces at the back of Marxian economics--the in simple terms paintings in English to provide such finished remedy. starting with Marxian analyses of the nice melancholy and Stalinism, it explores the theories constructed to provide an explanation for the "long boom" in Western capitalism after the second one international conflict. Later chapters care for post-Leninist theories of imperialism and carrying on with controversies in worth idea and the speculation of exploitation. After outlining contemporary paintings at the "second slump," the mixing of rational-choice conception into Marxism, and the political economic climate of socialism, the publication concludes with a overview and assessment of Marxian conception over the entire interval considering that Marx's loss of life. compliment for the 1st quantity: "Howard and King have performed an exceptional job... One comes away with the impact of Marxian economics being a colourful topic, proper to the issues of those instances and invaluable in functional matters."--Meghnad Desai, the days better schooling Supplement

Originally released in 1992.

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Extra info for A History of Marxian Economics, Volume 2: 1929-1990 (Princeton Legacy Library)

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The 'war scare' of 1927 also engendered a modification in Stalin's views on imperialism. He departed from Bukharin's theory that post-war capital­ ism had stabilised, in favour of a neo-Luxemburgist position which explained Western aggressiveness in terms of the persistent need for new markets, arising from severe underconsumption. This was to remain Stalinist doctrine throughout the 1930s and, although it dovetailed with Stalin's commitments on Soviet industrialisation, at the end of the 1920s it further distanced him from the Bukharinist Right, while moving him closer to the views of the Left Opposition.

59 Her theory of crisis may be summarised as follows. Competition between capitalists reduces real wages, either absolutely or in relation to profits. Thus the rate of exploitation rises, making it increasingly difficult for capitalists to find sufficient consumption demand for them to realise the surplus value contained in their commodities. So long as real wages grow less rapidly than 16 The Great Depression and Stalinism labour productivity, there is disequilibrium in the market for labour power.

Kautsky, 'Um die Einheit', Vorwarts 11 October 1931. 4. K. Kautsky, introduction to the 3rd ed of his The Proletarian Revolution, published as 'Die Proletarische Revolution', Der Kampf 24 (1931), pp. 292-7. 5. W. Gottschalch, Strukturveranderungen der Gesellschaft und Politisches Handeln in der Lehre von Rudolf Hilferding (Berlin: Drucker & Humblot, 1962), p. 196; cf. Bleaney, Rise and Fall, Ch. 2; A. Sturmthal, The Tragedy of European Labour 1918-1939 (London: Gollancz, 1944), pp. A. Gates, 'German Socialism and the Crisis of 1929-33', Central European History 7 (1974), pp.

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