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 USA. New difficulties additionally arose during this interval, and components of Marx's economics which had past got scant recognition have been elavated to bigger prominance. additionally after 1929 theoretical advancements in Marxian economics turned indifferent from winning innovative perform. 1929 used to be a yr of substantial promise for Marxism. within the East, Stalin secured the seizure of energy in 1917 by way of wearing via a "revolution from above" which created a brand new mode of construction, speedily speeded up fiscal improvement, and gave beginning to a brand new orthodoxy. within the West, the onset of the good melancholy promised the commercial cave in of capitalism and the finishing of Soviet isolation. "A heritage of Marxian Economics quantity 2, 1929-1990" takes an summary of Marxian economics, outlining the main major recommendations, the incorporation of Keynesian thought 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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14-9. e. E. King, T/¡e Polilical Economy 01 Marx (Harlow: Longman, second edition, 1985), 2nd edn, pp. 209-11. J. Robinson, An Essay on Marxian Economics (London: Maemillan, 1942), p. 95. erated. Between 1928 and 1937 industrial production increased threefold. rismg from less than one-third of national produet to nearly one-halL It more than doubled again between 1937 and 1953, constituting close to 60 per eent of total output at the time of Stalin 's death Only through large investments was tbis made possible.

Kautsky, 'Um die Einheit', Vorwiirts 11 October 19314. K. Kautsky, introduction lO the 3rd ed of his The Prolelarian Revolution, published as 'Die Proletarische RevolulÍon', Der Kampf, 24 (1931), pp. 292-7. 5. W. Oottschalch, Strukturveriinderungen der Gesellschaft und Poli/isches 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 Lobour 1918-1939 (London: Gollancz, 1944), pp. A. Gales, 'Oerman Socialism and the Crisis of 1929-33', Central Europea/!

24, 31. 22. F. Polloek, 'Die Gegenwartige Lage des Kapitalismus und die Aussíehten emer Planwirtschaftlichen Neuordnung', Zeilschrifr lúr Sozialforschwlg, 1, 1932, p. 27. 23. Pollock, 'Bemerkungen', pp. 346-53. 24. F. Pollock, 'State Capitalism: Its Possibilities and Limitations', in A. Arato and E. Gebhardl (eds), Tile EsseIIlial Frallklurl Sellool Reader (Oxford: Blackwell. 1978), pp. 71-94; the article was firsl published in 194 \. ', Sludies in P/¡ilosop¡'y and Social Science, 9, 1941, pp. 440-55.

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