By Michael Charles Howard, John Edward King
The first quantity of this serious historical past covers the social, political, and theoretical forces in the back of the improvement of Marxian economics from Marx's dying in 1883 till 1929, the yr marking the onset of Stalin's "revolution from above," which in this case reworked the Soviet Union right into a smooth superpower. in the course of those years, Marxists in either Russia and Germany discovered their financial rules inextricably associated with functional political difficulties, and handled concept as a consultant to motion. This e-book systematically examines the $64000 theoretical literature of the interval, together with insightful works through political functionaries outdoor academia--journalists, get together organizers, underground activists, and lecturers within the hard work movement--presented the following because the fundamental forgers of Marxian fiscal thought.
Beginning with Engels's writings, this ebook analyzes the paintings of major Marxist economists within the moment overseas, then concludes with a assessment of the highbrow hobbies in the Marxian political economic system in the course of the Nineteen Twenties. A moment quantity treating the interval from 1929 to the current will follow.
Originally released in 1989.
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Extra resources for A History of Marxian Economics, Volume II: 1929-1990
In fact, so far as Soviet development was concerned, neither Dobb nor Kalecki was especially relevant. There is little evidence that the size of the investable surplus seriously inhibited Soviet growth under Stalin. Indeed, the reverse was true: investment ran ahead of the economy's capacity to absorb it, unnecessarily intensifying deprivation and generating massive inefficiencies (see Chapter 18 below). But the drive to increase the surplus did not reduce output or generate unemployment. The 'war scare' of 1927 also engendered a modification in Stalin's views on imperialism.
Feldman's justification for the priority of department I rested upon the greater growth in consumption which would occur from the initial diversion of resources into capital-goods production. Nevertheless, Feldman's model has provided enthusiasts of the Soviet Union, like Maurice Dobb, with an important argument. Coupled to his idealised presentation of the Stalinist command economy (see section III below), Dobb used it to demonstrate the superiority of socialist industrial development over that of capitalism,54 and his analysis has proved to be exceedingly influential (see Chapters 9 and 18 below).
This was also true for Marxian political economy, research on which never became completely barren. Even the 'blood purges' after 1936 had a 'popular' dimension, which partially escaped attempts to confine it to channels laid down by the Stalinist centre. 11 These sentiments were endorsed by Stalin's 1935 proclamation that socialism had been realised in the Soviet Union. 12 Neither were arbitrary occurrences; the path of socialist construction, its success and its consolidation, all found expression in Stalin's theoretical work.
A History of Marxian Economics, Volume II: 1929-1990 by Michael Charles Howard, John Edward King