The Capitalist Cycle: An Essay on the Marxist Theory of the Cycle
The Capitalist Cycle is a translation of a previously unknown work in Marxist economic theory. Originally published in 1928, this rediscovered work is one of the most creative essays witten by a Soviet economist during the first two decades after the Russian Revolution. Following the dialectic of Hegel and Marx, Maksakovsky aims to provide a 'concluding chapter' for Marx's Capital. The book examines economic methodology and logically reconstructs Marx's analysis into a comprehensive and dynamic theory of cyclical economic crises. The introductory essay by Richard B. Day situates Maksakovsky's work within the Hegelian and Marxist philosophical traditions by emphasizing the book's dialectical logic as well as its contribution to economic science. Richard B. Day, Ph.D. (1970), University of London, is Professor of Political Economy at the University of Toronto. He has written extensively on early Soviet debates and translated several books, including works by N.I. Bukharin and E.A. Preobrazhensky.
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Maksakovskys The Capitalist Cycle
Foreword by A S Mendelson
Methodological Foundations of the Theory of the Conjuncture
5 other sections not shown
abstract activity analysis becomes bourgeois economics branches of Department Bukharin capitalist competition Capitalist Cycle capitalist economy capitalist reproduction capitalist system circulating capital commercial credit composition of capital concrete condition constant capital consumer demand consumption contradictions credit money crises crisis cyclical dynamic cyclical movement depression determined deviations dialectical disproportion disruption elements equilibrium exchange-value existence expanded reproduction expression fixed capital fluctuations fundamental growing growth Hegel Hilferding 1981 increase individual capitals industrial capital inevitably interaction Kondrat'ev labour law of value law-governed logic long cycles market prices Marx Marx's Marxist massive renovation means of production monetary money capital organic composition organised overproduction period of expansion Pervushin phases price of production problem production apparatus productive capital productive forces profit proportionality realised reason relations renovation of fixed replaced reproduction process result rise scale of production social capital social production specific stage supply surplus-value theoretical theory turnover use-value volume whole