Rosa Luxemburg
Subtitle: theory of accumulation and imperialism
By: Tadeusz Kowalik ; translated and edited by Jan Toporowski and Hanna Szymborska
Contributors: Toporowski, Jan; Szymborska, Hanna, 1991-
Series: Palgrave studies in history of economic thought series
Publisher: Palgrave Macmillan
Published: 2014
Place of publication: Houndmills, Basingstoke, Hampshire; New York, NY
Language: eng
Number of pages: 189
ISBN-13: 9781137428332
Subjects: Marxian economics; Saving and investment; Economics; History; BUSINESS & ECONOMICS / Economic History; BUSINESS & ECONOMICS / Economics / General; BUSINESS & ECONOMICS / Economics / Theory
Work titles: Róża Luksemburg
Description: "The purpose of this translated volume Tadeusz Kowalik's book is to examine Rosa Luxemburg's contribution to economic theory. The essential subject-matter is the dependence of capital accumulation on effective demand, the dependence of economic growth on specific capitalist barriers to growth. The second part of this book is devoted to the relationship between capital accumulation and economic and political imperialism.Kowalik attempts to vindicate the analysis of Rosa Luxemburg in her Accumulation of Capital as a Marxist classic. He puts forward as an alternative under-investment theory of capitalist stagnation that was accepted among Marxists, and links this interpretation of Luxemburg with Marx's critique of Say's Law and with the development of Luxemburg's theory in the work of Michal Kalecki and John Maynard Keynes. Luxemburg's analysis is contrasted with the underconsumptionist theory of capitalist crisis that prevailed among her critics. Although Kowalik recognises Luxemburg's analysis as incomplete, he argues that she correctly identified the realisation of surplus as the key constraint on expanded production in capitalism. This then points to a reinterpretation of Kalecki and Keynes, placing their analysis in a clear line of descent from Marx. Kalecki's analysis of militarism complements neatly Luxemburg's analysis, while Kowalik identifies neo-colonialism as a type of Luxemburg's imperialism, providing markets that allow for the realisation of profits in the advanced capitalist countries.Toporowski and Szymborska's accessible translation of Tadeusz Kowalik's masterpiece will appeal to professional economists, scholars, researchers and students of the history of economic thought and economic theory"--
Table of contents: title: Machine generated contents note:; title: Introduction; title: PART I: CAPITALIST BARRIERS TO GROWTH; title: 1. The Origin of the Problem. A General Outline of the Work; title: 2. The Russian Dispute Over Markets. From the Narodniks to Lenin; title: 3. Aggregate Demand and the Accumulation of Capital; title: 4. The Unsuccessful Attempt to Complete Marx's Scheme or Reproduction; title: 5. The Misunderstanding Around the Role of Money in the Process of Capital Accumulation; title: 6. Appendix I: The Theoretical-analytical Significance of the Reproduction Schemes; title: 7. Appendix II: Critics and Heirs of Rosa Luxemburg; title: PART II: THE THEORY OF ACCUMULATION IN RELATION TO IMPERIALISM; title: 8. The Historic Conditions of Capital Accumulation; title: 9. Militarism and Economic Growth; title: 10. Imperialism and the Process of Capitalist Decline; title: 11. Rudolf Hilferding's Theory of Finance Capital; title: 12. V.I. Lenin on Imperialism and the Accumulation of Capital.