By M. Howard, J. King
This moment quantity of the hugely profitable, A historical past of Marxian Economics, covers the interval from 1929 to the current. the most debates and topics of this era are the good melancholy and Stalinism, the lengthy increase and its death, New Theories of Imperialism, worth and Exploitation, and present Controversies. As with the 1st quantity Michael Howard and John King have written an authoritative and stimulating account of the background of Marxian Economics over this era.
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Additional info for A History of Marxian Economics
Moszkowska, Zur Kritik, pp. 50-2. 45. Moszkowska, Das Marxsche System: Ein Beitrag Zu Dessen Aujbau (Berlin: Verlag Hans Robert Engelmann, 1929), pp. 118-19; Moszkowska, Zur Kritik, pp. 46--7; cf. Sweezy, Theory, pp. 100-108. 46. K. Marx, Capital, volume III (Moscow: Foreign Languages Publishing House, 1962), Ch. XIV. 47. Sweezy, Theory, pp. 100-8; Dobb, Political Economy, p. 112. 48. Bauer, 'Die Akkumulation', pp. 104-8 of the English translation. 49. Moszkowska, Das Marxsche System, pp. 128, 142-3.
Otto Bauer came closer to such a model of macroeconomic instability in his discussion of government intervention in the era of bureaucratically directed monopoly capitalism. The state could not overcome the basic contradictions of capitalism, Bauer argued. If its intervention served to raise the rate of exploitation, underconsumption would ensue, while state action which reduced the rate of exploitation wOilld spark off a crisis by lowering the rate of profit. 75 However, Bauer made no attempt to formalise this intuition, and it would be both wrong and unnecessary to read into his work the theoretical advances of a later generation.
Corey, Decline, p. 513. Sweezy, Theory, pp. 145-6. Ibid, pp. 100-6 and 209-13; and 147-55, respectively. Ibid, pp. 156-62 and 162-89 respectively. 22 The Great Depression and Stalinism 36. M. Tugan-Baranovsky, Studien Zur Theorie und Geschichte der Handelskrisen in England (lena: Fischer, 1901), pp. 197-231; L. von Bortkiewicz, 'Value and Price in the Marxian System', International Economic Papers 2, 1952, pp. 36-51 (first published 1907). See also B. Croce, Historical Materialism and the Economics of Karl Marx (London: Cass, 1966), pp.
A History of Marxian Economics by M. Howard, J. King