By Michael Charles Howard, John Edward King

ISBN-10: 0691003777

ISBN-13: 9780691003771

ISBN-10: 0691003963

ISBN-13: 9780691003962

ISBN-10: 0691042500

ISBN-13: 9780691042503

ISBN-10: 0691043035

ISBN-13: 9780691043036

The first quantity of this serious historical past covers the social, political, and theoretical forces at the back of the advance of Marxian economics from Marx's dying in 1883 till 1929, the 12 months marking the onset of Stalin's "revolution from above," which consequently reworked the Soviet Union right into a smooth superpower. in the course of those years, Marxists in either Russia and Germany discovered their fiscal rules inextricably associated with sensible political difficulties, and taken care of thought as a advisor to motion. This e-book systematically examines the $64000 theoretical literature of the interval, together with insightful works via political functionaries outdoor academia--journalists, occasion organizers, underground activists, and lecturers within the exertions movement--presented right here because the basic forgers of Marxian fiscal thought.

Beginning with Engels's writings, this e-book analyzes the paintings of top Marxist economists within the moment foreign, then concludes with a assessment of the highbrow routine in the Marxian political economic system throughout the Nineteen Twenties. A moment quantity treating the interval from 1929 to the current will follow.

Originally released in 1989.

The Princeton Legacy Library makes use of the most recent print-on-demand expertise to back make to be had formerly out-of-print books from the prestigious backlist of Princeton college Press. those paperback variants guard the unique texts of those very important books whereas proposing them in sturdy paperback variants. The target of the Princeton Legacy Library is to drastically bring up entry to the wealthy scholarly historical past present in the hundreds of thousands of books released via Princeton collage Press considering that its founding in 1905.

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Luxemburg and N. Bukharin, Imperialism and the Accumulation of Capital (London: Allen Lane, 1972), p. 76n; cf. K. Kautsky, 'Krisentheorien', Die Neue Zeit, 20, 1901-2, pp. 37-47. 38. R. Hilferding, Finance Capital (London: Routledge & Kegan Paul, 1980; first published 1910), pp. 257-6, and Chs 5 and 6 of volume I of this book. 39. Varga, The Great Crisis, p. 23; Day, The 'Crisis' and the 'Crash', p. 188 (reporting the views of one B. Livshits). 40. Grossmann, Das AkkumuIations, pp. 119-22; cf. O.

F. Pollock, 'Die Gegenwartige Lage des Kapitalismus und die Aussichten einer Planwirtschaftlichen Neuordnung', Zeitschrift fur Sozialforschung, 1, 1932, p. 27. Pollock, 'Bemerkungen', pp. 346-53. F. Pollock, 'State Capitalism: Its Possibilities and Limitations', in A. Arato and E. Gebhardt (eds), The Essential Frankfurt School Reader (Oxford: Blackwell, 1978), pp. 71-94; the article was first published in 1941. ', Studies in Philosophy and Social Science, 9, 1941, pp. 440-55. Ibid, pp. 73, 89-90.

This chokes off investment and brings accumulation to a halt. 51 As a theoretical possibility over-accumulation was difficult to deny, but its empirical relevance was another matter. Corey and Varga cited US statistics to show that unemployment had remained high, and real wages had been stagnant, in the years leading up to 1929. 52 However, before this - the most common Marxist interpreta­ tion of the slump - can be examined, it is useful to deal with the disproportionality variant of realisation theory because it sometimes became indistinguishable from a theory of underconsumption.

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