Marx's Revenge: The Resurgence of Capitalism and the Death of Statist Socialism

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Verso, 2002 - Business & Economics - 372 pages
3 Reviews
In this provocative and enthusiastically revisionist book, the distinguished economist Meghnad Desai argues that capitalism's recent efflorescence is something Karl Marx anticipated and indeed would, in a certain sense, have welcomed. Capitalism, as Marx understood it, would only reach its limits when it was no longer capable of progress. Desai argues that globalization, in bringing the possibility of open competition on world markets to producers in the Third World, has proved that capitalism is still capable of moving forwards. Marx's Revenge opens with a consideration of the ideas of Adam Smith and Hegel. It proceeds to look at the nuances in the work of Marx himself, and concludes with a survey of more recent economists who studied capitalism and attempted to unravel its secrets, including Joseph Schumpeter, John Maynard Keynes and Friedrich Hayek.
  

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Review: Marx's Revenge: The Resurgence of Capitalism and the Death of Statist Socialism

User Review  - Richard - Goodreads

A provocative treatment of Marxism that argues Marx's mature theories regarding capitalism as espoused in Capital did not - contra Lenin and Stalin - necessarily envisage a fatal crisis within ... Read full review

Review: Marx's Revenge: The Resurgence of Capitalism and the Death of Statist Socialism

User Review  - Owen - Goodreads

A really interesting take on Marxism and our modern political climate. Mainly useful as a history of Marxism and the responses it has received from the marginalists, and a good documentation of the ... Read full review

Contents

Two Revolutions and a Demolition
1
Adam Smith and the Principles of Social Astronomy
12
Hegel and the Ideal State
26
Marx I Clearing the Decks
36
Marx II Profits
54
The Future of Capitalism I How Soon the End?
84
War and Revolution
104
War and Imperialism in theory and in practice
130
Foundations of the Global Order
199
The Golden Age of National Capitalism
216
The High Noon of Socialism
235
Things Fall Apart
250
Up from the Abyss
269
A Bonfire of Illusions
292
The Future of Capitalism II Endgame or the Only Game?
303
Notes
316

The Interwar Years Return to Normality 191929
143
The Interwar Years Crisis and Catastrophe
158
Curing Capitalism Keynes Schumpeter and Hayek
173
Can Socialism Work?
187

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About the author (2002)

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.

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