A History of Marxian Economics, Volume 2: 1929-1990 (Radical Economics Series)

A History of Marxian Economics, Volume 2: 1929-1990 (Radical Economics Series)

M. C. Howard, John E. King

Language: English

Pages: 444

ISBN: 2:00135615

Format: PDF / Kindle (mobi) / ePub

Follows on from the first volume which dealt with the period from the death of Marx in 1883 to 1929. From 1930 onmwards the emphasis for theoretical analysis began to shift westwards, so that in the post-war era the heartland of Marxian political economy lay in Western Europe and North America. New problems also arose in this period, and elements of Marx's economics which had earlier received scant attention were elavated to greater prominance. Also after 1929 theoretical developments in Marxian economics became detached from successful revolutionary practice. 1929 was a year of considerable promise for Marxism. In the East, Stalin secured the seizure of power in 1917 by carrying through a "revolution from above" which created a new mode of production, rapidly accelerated economic development, and gave birth to a new orthodoxy. In the West, the onset of the Great Depression promised the economic collapse of capitalism and the ending of Soviet isolation. "A History of Marxian Economics Volume 2, 1929-1990" takes an overview of Marxian economics, outlining the most significant innovations, the incorporation of Keynesian theory into Marxism, as well as tackling the new theories of Imperialism and ending with an analysis of current controversies in economics and their links to a Marxist theory.

The East German Dictatorship: Problems and Perspectives in the Interpretation of the GDR

Post-Rationalism: Psychoanalysis, Epistemology, and Marxism in Post-War France

The Beginning of History: Value Struggles and Global Capital

Marx Against Marxism (Routledge Library Editions: Political Science, Volume 56)

The Strange Death of Marxism: The European Left in the New Millennium

Marx's Theory of Crisis











hesitantly - Dobb. these factors made il impossible to draw any Marxiall Economists and rhe Great Depression 13 Biogrsphy or Maurice Dobb Dobb was born in London in 1900, ¡nto a Nonconformist family of small businessmen. Educated at Charterhouse and Pembroke College, Cambridge, he first joined the Independent Labour Party, becoming a Communist in 1922 after he had moved to the London School of Economics as a research student. Dobb remained an active and loyal (though sometimes crítical)

Greenwood Press. 1988). Stalin initially took an 'objectivist' posirían: see WS, VI. pp. 242-5, 265f[, 280; VII, pp. 30, 165-6: VIII, pp. 286-7; X, pp. 265, 365: XI. 365; XI. p. 330. But he also sometímes alluded lO siníster motives: see WS. VI, pp. 367rr; VIII, pp. 242-3; Xl, p. 330, and Ihese became explicit in XII, pp. 362-4; XIII, p. 10 IfC; PL. p. 791; se, pp. 136, 218, 324-5. 100. N. Harding, Lenin's Polítical Thoug/¡¡ (London: MacmilJan, 1983), pp. 268-74; I. Getzler, Kronsladl /9/7-/92/:

legs. 33 One characteristic of Trotsky's stand which went unacknowledged was that on economic policy he was drawn doser to Bukharin. Whíle he never equivocated in his support for Stalin against the Right,34 Trotsky made much the same criticism of the emerging Slalinist system that Bukharin voiced. Both believed that administrative measures would be unable to overcome economic backwardness, that planning needed supplementation by market relations, and that in the long mn bourgeois elements could

2/30C2 + 1/60V2 + 1/60s2 2/30'3 + 1/60v3 + 1/60s3 = = = 4/10 1/10 l/lO (7.7) with the organie composition of capital ... 4 in eaeh department, the rate of exploítalion = 100 per cent and the rate of protit >= 20 per eent. Denoting the priees of the tirst two eommodities in tenns of gold by Ps and Pe, the wage rate by lV and the rate of protit by r. the corresponding príee magnitudes can be obtained by solving (8/30ps + 2/3lV) (1 + r) (2/30ps + 1/6011')(1 + r) (2/30po + 1/601\')( l + r) = =

and Capitalism', pp, 68-9. 26, M, Bleaney, The Rise and Fall 01 Keynesian Economics (London: Macmillan, 1986), pp, 103-4. 27. M. Kidron, Western CapiJalísm Sílice rile War (Harmondsworlh: Penguin, 1970). pp, 12-13,42-7. 28. Ibid, pp. 49, 55-{í1; M. Kidron, 'Capitalism: The Latest Stage', and 'Imperialism: Highesl Stage but One', in Kidron, Capítalism and Theory (London: Pluto Press, 1974), pp. 11-31 and 124-42; C. Harman, Explainíng rbe Crisis: A MarxiSI Reappraisal (London: Bookmarks, 1984), pp.

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