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

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

Follows on from the 1st quantity which handled the interval from the dying 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 system lay in Western Europe and North the United States. New difficulties additionally arose during this interval, and components of Marx's economics which had past obtained scant awareness have been elavated to larger prominance. additionally after 1929 theoretical advancements in Marxian economics turned indifferent from profitable innovative perform. 1929 was once a 12 months of substantial promise for Marxism. within the East, Stalin secured the seizure of energy in 1917 by way of sporting via a "revolution from above" which created a brand new mode of creation, speedily speeded up monetary improvement, and gave delivery 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 background of Marxian Economics quantity 2, 1929-1990" takes an outline of Marxian economics, outlining the main major thoughts, the incorporation of Keynesian concept 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 thought.

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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. 328; original stress. Bauer. ZlI'ischen, p. 71; cf. ibid, pp. 55-6, and Bauer, 'Die Akkumulation'. pp. 104-8 of the English translation.

831-8, 862-74, translated in History of Polilical Eeollomy, 18, 1986, pp. 87-110. A full discussion ofGrossmann's modeJ and its reception is given in Ch. J6 of volume 1 of this book. 41. See respectively E. Varga, 'Akkumulation und Zusammenbruch des Kapitalismus', Unler Dem Ballller Des Marxismlls, 4, 1930. pp. 74-6; H. Bauer, 'Ein Neuer Zusammenbruchstheoretiker', Der Kampf. 22, 1929, pp, 270-80; and F. Sternberg, . Der Imperialismus' und Seine Kriliker (Berlín: Soziologische VerlagsAnstalt. 1929), pp.

Marx, Capital, volume IIJ (Moscow: Foreign Languages Publishing House, J962), Ch. XIV. 47. Sweezy, Theory, pp. 100--8; Dobb, Poli/ieal Economy, p. 112. 48. Bauer, 'Die Akkumulation', pp. 104-8 of the English translatíon. 49. Moszkowska, Das Marxsche Syslem, pp. J28, 142-3. 50. Strachey, Nmure of Capi/alis/ Crisis, p. 320. 51. Sweezy, T/¡eory, pp. 147-55; Dobb Poli/ical Economy, pp. 123-5. 52. Corey, Decline, pp, 74-93; Varga, The Grear Crisis, pp. 86-98. 53. Tugan-Baranovsky, SI/Idien zur Theorie, pp.

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