A History of Marxian Economics, Volume II: 1929-1990 : 1929-1990

This second volume completes a critical history of the social, political, and theoretical forces behind Marxian economics--the only work in English to offer such comprehensive treatment. Beginning with Marxian analyses of the Great Depression and Stalinism, it explores the theories developed to explain the "long boom" in Western capitalism after the Second World War. Later chapters deal with post-Leninist theories of imperialism and continuing controversies in value theory and the theory of exploitation. After outlining recent work on the "second slump," the integration of rational-choice theory into Marxism, and the political economy of socialism, the book concludes with a review and evaluation of Marxian theory over the whole period since Marx's death. Praise for the first volume: "Howard and King have done an excellent job... One comes away with the impression of Marxian economics being a vibrant subject, relevant to the problems of these times and useful in practical matters."--Meghnad Desai, The Times Higher Education Supplement Originally published in 1992. The **Princeton Legacy Library** uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905. This second volume completes a critical history of the social, political, and theoretical forces behind Marxian economics--the only work in English to offer such comprehensive treatment. Beginning with Marxian analyses of the Great Depression and Stalinism, it explores the theories developed to explain the "long boom" in Western capitalism after the Second World War. Later chapters deal with post-Leninist theories of imperialism and continuing controversies in value theory and the theory of exploitation. After outlining recent work on the "second slump," the integration of rational-choice theory into Marxism, and the political economy of socialism, the book concludes with a review and evaluation of Marxian theory over the whole period since Marx's death. Praise for the first volume: "Howard and King have done an excellent job. One comes away with the impression of Marxian economics being a vibrant subject, relevant to the problems of these times and useful in practical matters."--Meghnad Desai, The Times Higher Education SupplementOriginally published in 1992. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905 Contents Acknowledgements Introduction Part I: The Great Depression and Stalinism 1. Marxian Economics and the Great Depression 2. The Political Economy of Stalin 3. The Soviet Mode of Production Part II: The Long Boom 4. ‘Has Capitalism Changed?’ 5. Marx and Keynes 6. Monopoly Capital 7. The Falling Rate of Profit 8. The Permanent Arms Economy Part III: New Theories of Imperialism 9. Capitalism and Underdevelopment 10. Unequal Exchange 11. Critics of Underdevelopment Part IV: Value and Exploitation 12. Value Theory Before Sraffa 13. Sraffa and the Critique of Marxian Theory 14. Marxian Value Theory After Sraffa 15. Marxian Political Economy and Surplus Economics Part V: Current Controversies 16. The ‘Second Slump’: Theories of Crisis after 1973 17. Rational Choice Marxism Conclusion Index of Names Index of Subjects