Late Capitalism

Author:   Ernest Mandel ,  Mandel Ernest
Publisher:   Verso Books
Edition:   New edition
ISBN:  

9781859842027


Pages:   620
Publication Date:   09 April 1999
Format:   Paperback
Availability:   In Print   Availability explained
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Late Capitalism


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Overview

Late Capitalism is the first major synthesis to have been produced by the contemporary revival of Marxist economics. It represents, in fact, the only systematic attempt so far ever made to combine the general theory of the laws of motion of the capitalist mode of production developed by Marx, with the concrete history of capitalism in the twentieth century. Mandel's book starts with a challenging discussion of the appropriate methods for studying the capitalist economies. He seeks to show why the classical approaches of Luxemburg, Bukharin, Bauer and Grossman failed to accomplish the further development of Marxist theory whose urgency became evident after Marx's death. He then sketches the structure of the world market and the variant types of surplus-profit that have characterized its successive stages. On these foundations, Late Capitalism proceeds to advance an extremely bold schema of the long waves of expansion and contraction in the history of capitalism, from the Napoleonic Wars to the present. Mandel criticizes and refines Kondratieff's famous use of the notion. Mandel's book surveys in turn the main economic characteristics of late capitalism as it has emerged in the contemporary period. The last expansionary long wave, it argues, started with the victory of fascism on the European continent and the advent of the war economies in the US and UK during the 1940s, and produced the record world boom of 1947-72. Mandel discusses the reasons why the dynamic upswing of growth in this period was bound to reach its limits at the turn of the 1970s, and why a long wave of economic stagnation and intensified class struggle has set in today. Late Capitalism is a landmark in Marxist economic literature. Specifically designed to explain the international recession of the 1970s, it is a central guide to understanding the nature of the world economic crisis today.

Full Product Details

Author:   Ernest Mandel ,  Mandel Ernest
Publisher:   Verso Books
Imprint:   Verso Books
Edition:   New edition
Dimensions:   Width: 14.00cm , Height: 3.40cm , Length: 21.60cm
Weight:   0.778kg
ISBN:  

9781859842027


ISBN 10:   185984202
Pages:   620
Publication Date:   09 April 1999
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Reviews

Late Capitalism is the answer to how Marx might view the complex economic phenomena of the 1970s. It is sophisticated, well written, impressively documented. This volume is, indeed, one of the major contributions of the last decade to Marxist economics. -- Choice <br><br> I recommend this book for the grandeur of its vision, and for its innumerable, suggestive hypotheses which might lead future investigators towards fruitful research in many areas. -- Contemporary Sociology <br><br> Mandel's book is a serious and scholarly effort. -- Journal of Modern History <br><br> Late Capitalism represents a significant advance for Mandel. A notable feature of his book is an attempt to revive and critically reassess the theory of 'long waves' normally associated with such writers as Kondratieff. -- The Economic Journal


Late Capitalism is the answer to how Marx might view the complex economic phenomena of the 1970s. It is sophisticated, well written, impressively documented. This volume is, indeed, one of the major contributions of the last decade to Marxist economics. --Choice I recommend this book for the grandeur of its vision, and for its innumerable, suggestive hypotheses which might lead future investigators towards fruitful research in many areas. --Contemporary Sociology Mandel's book is a serious and scholarly effort. --Journal of Modern History Late Capitalism represents a significant advance for Mandel. A notable feature of his book is an attempt to revive and critically reassess the theory of 'long waves' normally associated with such writers as Kondratieff. --The Economic Journal


Author Information

Ernest Mandel (1923-95), historian, economist and activist, was a leading figure in the Fourth International from 1945 and was the author of a number of books, including Late Capitalism, Marxist Economic Theory, Long Waves of Capitalist Development, and The Meaning of the Second World War.

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