Marx's Revenge PA

by Desai,Meghnad

• ISBN13: 9781859844298
• ISBN10: 1859844294
• Edition: 00
• Format: Paperback
• Copyright: 2004-05-17
• Publisher: VERSO

Summary

In thisprovocative and enthusiastically revisionist book, the distinguishedeconomist Meghnad Desai argues that capitalismrs"s recent efflorescenceis something Karl Marx anticipated and indeed would, in a certainsense, have welcomed. Capitalism, as Marx understood it, would onlyreach its limits when it was no longer capable of progress. Desaiargues that globalization, in bringing the possibility of opencompetition on world markets to producers in the Third World, hasproved that capitalism is still capable of moving forwards.Marxrs"s Revenge opens with a consideration of the ideas of Adam Smith and Hegel. Itproceeds to look at the nuances in the work of Marx himself, andconcludes with a survey of more recent economists who studiedcapitalism and attempted to unravel its secrets, including JosephSchumpeter, John Maynard Keynes and Friedrich Hayek.

Author Biography

Meghnad Desai was Director at the Centre for Global Governance at the London School of Economics. His previous books include Marxian Economics, Applied Econometrics, and India's Triple Bypass

Table of Contents

Preface and Acknowledgements	vii
1 Two Revolutions and a Demolition	1	(11)
2 Adam Smith and the Principles of Social Astronomy	12	(14)
3 Hegel and the Ideal State	26	(10)
4 Marx I: Clearing the Decks	36	(18)
5 Marx II: Profits	54	(30)
6 The Future of Capitalism I: How Soon the End?	84	(20)
7 War and Revolution	104	(26)
8 War and Imperialism (in theory and in practice)	130	(13)
9 The Interwar Years: Return to Normality, 1919-29	143	(15)
10 The Interwar Years: Crisis and Catastrophe	158	(15)
11 Curing Capitalism: Keynes, Schumpeter and Hayek	173	(14)
12 Can Socialism Work?	187	(12)
13 Foundations of the Global Order	199	(17)
14 The Golden Age of National Capitalism	216	(19)
15 The High Noon of Socialism	235	(15)
16 Things Fall Apart	250	(19)
17 Up from the Abyss	269	(23)
18 A Bonfire of Illusions	292	(11)
19 The Future of Capitalism II: Endgame or the Only Game?	303	(13)
Notes	316	(27)
Bibliography	343	(16)
Index	359