Rosa Luxemburg: Theory of Accumulation and Imperialism (Palgrave Studies in the History of Economic Thought)

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-- Machine Generated Contents Note: -- Introduction -- Part I: Capitalist Barriers To Growth -- 1. The Origin Of The Problem. A General Outline Of The Work -- 2. The Russian Dispute Over Markets. From The Narodniks To Lenin -- 3. Aggregate Demand And The Accumulation Of Capital -- 4. The Unsuccessful Attempt To Complete Marx's Scheme Or Reproduction -- 5. The Misunderstanding Around The Role Of Money In The Process Of Capital Accumulation -- 6. Appendix I: The Theoretical-analytical Significance Of The Reproduction Schemes -- 7. Appendix Ii: Critics And Heirs Of Rosa Luxemburg -- Part Ii: The Theory Of Accumulation In Relation To Imperialism -- 8. The Historic Conditions Of Capital Accumulation -- 9. Militarism And Economic Growth -- 10. Imperialism And The Process Of Capitalist Decline -- 11. Rudolf Hilferding's Theory Of Finance Capital -- 12. V.i. Lenin On Imperialism And The Accumulation Of Capital. Tadeusz Kowalik ; Translated And Edited By Jan Toporowski And Hanna Szymborska. Includes Bibliographical References And Index. Translated From The Polish. "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"-- Provided by publisher Résumé : 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. This translated volume of Tadeusz Kowalik's Rosa Luxemburg examines the theorist's contribution to economic theory. Part I discusses the dependence of capital accumulation on effective demand and also on specific capitalist barriers to growth. Part II is devoted to the relationship between capital accumulation and economic (and political) imperialism. Luxemburg's analysis is contrasted to the underconsumptionist theory of capitalist crisis that prevailed among her critics. Although Kowalik recognizes Luxemburg's analysis as incomplete, he argues that she correctly identified the realization of surplus as the key constraint on expanded production in capitalism. This then points to a reinterpretation of Kalecki and Keynes, placing their analyses in a clear line of descent from Marx. Kalecki's analysis of militarism neatly complements Luxemburg's analysis, while Kowalik identifies neo-colonialism as a type of Luxemburg 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 Cover 1 Contents 6 Translators’ Note 7 Preface 8 Acknowledgements 15 Introduction 16 Part I: Capitalist Barriers to Growth 22 1 The Origin of the Problem: A General Outline of the Work 23 2 The Russian Dispute over Markets: From the Narodniks to Lenin 35 3 Aggregate Demand and the Accumulation of Capital 54 4 The Unsuccessful Attempt to Complete Marx’s Scheme of Reproduction 71 5 The Misunderstanding around the Role of Money in the Process of Capital Accumulation 84 Appendix I: The Theoretical-Analytical Significance of the Reproduction Schemes 92 Appendix II: Critics and Heirs of Rosa Luxemburg 108 Part II: Imperialism and the Theory of Accumulation 114 6 The Historic Conditions of Capital Accumulation 115 7 Militarism and Economic Growth 124 8 Imperialism and the Process of Capitalist Decline 131 9 Rudolf Hilferding’s Theory of Finance Capital 143 10 Lenin on Imperialism and the Accumulation of Capital 155 Notes 171 Index 199 Front Matter....Pages i-xiv Introduction....Pages 1-6 Front Matter....Pages 7-7 The Origin of the Problem: A General Outline of the Work....Pages 9-20 The Russian Dispute over Markets: From the Narodniks to Lenin....Pages 21-39 Aggregate Demand and the Accumulation of Capital....Pages 40-56 The Unsuccessful Attempt to Complete Marx’s Scheme of Reproduction....Pages 57-69 The Misunderstanding around the Role of Money in the Process of Capital Accumulation....Pages 70-77 Front Matter....Pages 101-101 The Historic Conditions of Capital Accumulation....Pages 103-111 Militarism and Economic Growth....Pages 112-118 Imperialism and the Process of Capitalist Decline....Pages 119-130 Rudolf Hilferding’s Theory of Finance Capital....Pages 131-142 Lenin on Imperialism and the Accumulation of Capital....Pages 143-158 Back Matter....Pages 159-189