Download e-book for kindle: A History of Marxian Economics, Volume II by M.C. Howard and J.E. King

By M.C. Howard and J.E. King

ISBN-10: 0333388135

ISBN-13: 9780333388136

Follows on from the 1st quantity which handled the interval from the demise of Marx in 1883 to 1929. From 1930 onmwards the emphasis for theoretical research started to shift westwards, in order that within the post-war period the heartland of Marxian political economic climate lay in Western Europe and North the United States. New difficulties additionally arose during this interval, and parts of Marx's economics which had past got scant consciousness have been elavated to larger prominance. additionally after 1929 theoretical advancements in Marxian economics turned indifferent from profitable progressive perform. 1929 was once a yr of substantial promise for Marxism. within the East, Stalin secured the seizure of strength in 1917 through sporting via a "revolution from above" which created a brand new mode of construction, speedily sped up monetary improvement, and gave start to a brand new orthodoxy. within the West, the onset of the nice melancholy promised the industrial cave in of capitalism and the finishing of Soviet isolation. "A historical past of Marxian Economics quantity 2, 1929-1990" takes an outline of Marxian economics, outlining the main major techniques, the incorporation of Keynesian conception into Marxism, in addition to tackling the recent theories of Imperialism and finishing with an research of present controversies in economics and their hyperlinks to a Marxist concept.

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Sweezy, T/¡eory, pp. 186-9. Corey, Decline, p. 117; eL Sternberg, 'Die Weltwirtschaftskrisls', pp. 112-18, and (at a more popular leve]) A. , ? 1937), pp. 286-298. E. Varga, Tl1'o Syslems: Socialisl Economy and Capita/isl Economy (London: Lawrenee & Wishart, 1939), p. 89; ef. Varga, The Grea! Crisis, pp. 19-23, and Day, The 'Crisis' and {he 'Cras/¡ '. Moszkowska, Das Marxsche System, pp. 122-3. ilica! H. Dobb, 'Random Biographieal Notes', Cambridge Jouma! 01 Ecollomics, 2, 1978, p. 119. Straehey, Narure 01 Capitalisl Crisis, p.

Dobb and Sweezy were equally eclectíc. Only the falling rate of profit explanation was completely rejected by Sweezy, while elements of all four crisis theories are mingled in Dobb's subtle, if rather confusing, discussion 73 Several wríters attempted an explicit synthesís. Sweezy's was probably t mos! coherent, adding overaccumulatíon as a source of short-run fluctualions to underconsumption as the root cause of secular stagnation. Preobrazhensky's contribution was also impressive, going well beyond the generally vague idea or disproportionality to formula te a rather convincing theory of underinvestment in monopoly (as compared with competitive) capitalísm.

Pollock. 'Bemerkungen zur Wirtschaflskrise', Zeilschrifl für Sozialforschung 2 (1933), pp. 324--5. 7. Naphtali, Wirtschaftskrisis, p. 12; Pollock, 'Bemerkungen', p. 325n; cf. E. Mandel, Long Waves of Capitalisl Development (Cambridge: Cambridge University Press, 1980) and L. sky, 'The Curve of Capitalist Development' (1923) in Trotsky, Problems of Everyday Lije (New York: Monad Press, 1979), pp. 272-80. 8. Naphtali, Wirtschaftskrisís, pp. 11-13; O. Bauer, Zwischen Zwei Weltkriegen? (Bratislava: Eugen Prager Verlag, 1936), pp.

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A History of Marxian Economics, Volume II by M.C. Howard and J.E. King

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