Late Capitalism is a major synthesis of Marxist economics that combines the general theory of capitalist mode of production with the history of capitalism in the twentieth century, providing a framework for understanding the international recession of the 1970s and the world economy today.

Format: Paperback / softback
Length: 640 pages
Publication date: 30 July 2024
Publisher: Verso Books

Late Capitalism, a groundbreaking synthesis by contemporary Marxist economists, is the first major work to integrate the general theory of capitalist mode of production with the concrete history of the twentieth century. It offers a comprehensive explanation of the international recession of the 1970s and remains a vital resource for understanding the global economy today. This edition features a new introduction by Cédric Durand, assessing the book's enduring significance.

Late Capitalism: A Comprehensive Analysis of the Contemporary Economy

Late Capitalism is a landmark work in Marxist economic literature that seeks to combine the general theory of the laws of motion of the capitalist mode of production developed by Karl Marx with the concrete history of capitalism in the twentieth century. Written by a team of renowned economists, this book provides a comprehensive and insightful analysis of the international recession of the 1970s and its impact on the world economy.

One of the key strengths of Late Capitalism is its ability to provide a holistic understanding of the capitalist system. It examines the various factors that contribute to the accumulation of capital, including labor, land, and technology, and analyzes how these factors interact with each other to shape the economic landscape. The book also explores the role of the state in regulating the economy and the impact of globalization on the global economy.

Late Capitalism is divided into three main sections. The first section provides a historical overview of the capitalist mode of production, tracing its origins back to the Industrial Revolution and its development over the centuries. The second section focuses on the dynamics of the capitalist economy, including the laws of motion of capital accumulation, the theory of value, and the role of competition. The third section examines the impact of globalization on the global economy, including the rise of multinational corporations, the spread of neoliberalism, and the challenges faced by developing countries.

One of the most significant contributions of Late Capitalism is its analysis of the international recession of the 1970s. The book argues that the recession was caused by a combination of factors, including the oil crisis, the rise of inflation, and the collapse of the Bretton Woods system. It also highlights the role of the state in responding to the crisis, including the implementation of Keynesian policies and the creation of the International Monetary Fund (IMF).

Late Capitalism is an invaluable guide to understanding the nature of the world economy today. It provides a clear and concise explanation of the various economic theories and policies that have shaped the global economy over the past few decades. The book also offers practical insights into how governments and policymakers can address the challenges facing the global economy, such as income inequality, climate change, and economic instability.

In conclusion, Late Capitalism is a must-read for anyone interested in understanding the contemporary economy. It provides a comprehensive and insightful analysis of the international recession of the 1970s and its impact on the world economy. The book's ability to combine the general theory of the laws of motion of the capitalist mode of production with the concrete history of capitalism in the twentieth century makes it a landmark work in Marxist economic literature. Whether you are a student, researcher, or policymaker, Late Capitalism will provide you with valuable insights into the complex and dynamic world of economics.

Late Capitalism: A Comprehensive Analysis of the Contemporary Economy

Late Capitalism is a landmark work in Marxist economic literature that seeks to combine the general theory of the laws of motion of the capitalist mode of production developed by Karl Marx with the concrete history of capitalism in the twentieth century. Written by a team of renowned economists, this book provides a comprehensive and insightful analysis of the international recession of the 1970s and its impact on the world economy.

One of the key strengths of Late Capitalism is its ability to provide a holistic understanding of the capitalist system. It examines the various factors that contribute to the accumulation of capital, including labor, land, and technology, and analyzes how these factors interact with each other to shape the economic landscape. The book also explores the role of the state in regulating the economy and the impact of globalization on the global economy.

Late Capitalism is divided into three main sections. The first section provides a historical overview of the capitalist mode of production, tracing its origins back to the Industrial Revolution and its development over the centuries. The second section focuses on the dynamics of the capitalist economy, including the laws of motion of capital accumulation, the theory of value, and the role of competition. The third section examines the impact of globalization on the global economy, including the rise of multinational corporations, the spread of neoliberalism, and the challenges faced by developing countries.

One of the most significant contributions of Late Capitalism is its analysis of the international recession of the 1970s. The book argues that the recession was caused by a combination of factors, including the oil crisis, the rise of inflation, and the collapse of the Bretton Woods system. It also highlights the role of the state in responding to the crisis, including the implementation of Keynesian policies and the creation of the International Monetary Fund (IMF).

Late Capitalism is an invaluable guide to understanding the nature of the world economy today. It provides a clear and concise explanation of the various economic theories and policies that have shaped the global economy over the past few decades. The book also offers practical insights into how governments and policymakers can address the challenges facing the global economy, such as income inequality, climate change, and economic instability.

In conclusion, Late Capitalism is a must-read for anyone interested in understanding the contemporary economy. It provides a comprehensive and insightful analysis of the international recession of the 1970s and its impact on the world economy. The book's ability to combine the general theory of the laws of motion of the capitalist mode of production with the concrete history of capitalism in the twentieth century makes it a landmark work in Marxist economic literature. Whether you are a student, researcher, or policymaker, Late Capitalism will provide you with valuable insights into the complex and dynamic world of economics.

Weight: 562g
Dimension: 140 x 209 x 40 (mm)
ISBN-13: 9781804294758