Amidst a capitalist crisis that has upturned mainstream orthodoxies, this title underscores the importance of historical and materialist understandings of capitalist economies. It exposes the limitations of neoclassical economics' endogenous growth theory and how it, in fact, gropes for understandings well established within Marxism.

Brings together prominent recent analyses within the Marxist tradition that bear on class formation and social conflict in contemporary capitalism and concludes that class relations continue to be important for analyzing the historical trajectory of, and challenges to, capitalism, although not in the way Marx imagined.

Although Marx’s concept of ideology has been a subject of considerable discussion, much of the debate has proved to be rather disappointing. There has been no systematic attempt to examine why Marx needed the concept of ideology, why it was an important concept for him and how it related to his views on truth and objectivity. This book, first published in 1982, considers these and other neglected questions. It explains why Marx continued to use the term ideology throughout his life to mean both idealism and apologia and traces the complex ways in which, according to Marx, such talented writers as Hegel became apologists. In conclusion the book outlines the lessons Marx learnt from his investigations into the nature and mechanism of ideology and discusses his theories of objectivity and truth.

Over the last twenty-five years, Stephen Resnick and Richard Wolff have developed a groundbreaking interpretation of Marxian theory generally and of Marxian economics in particular. This book brings together their key contributions and underscores their different interpretations. In facing and trying to resolve contradictions and lapses within Marxism, the authors have confronted the basic incompatibilities among the dominant modern versions of Marxian theory, and the fact that Marxism seemed cut off from the criticisms of determinist modes of thought offered by post-structuralism and post-modernism and even by some of Marxism’s greatest theorists.

This book deals with substantive issues that have the potential to enhance our understanding regarding how Marxist theory can be quite useful in interpreting Black specificities and the race paradigm. So far, Marxist theory has been excluded because it is supposedly class and economy reductionist, but the essence of this theory-dialectic-not only proves that it is a meaningful way of seeing racism for what it truly is, but also a way of filtering through the plethora of interpretations of what constitutes race. The timeliness of the approach should help revive discussion on ethnophilosophy as an ideology. So much academic consideration has led scholars to seriously underestimate ideology's extraordinary efficiency in blending into lived experience to the point where much of its most telling effects have become undetectable. This work suggests that critical theory must reorient itself and offers an important discussion on the dominant discourse of poststructuralism, postmodernism, postcolonialism, Marxism, African socialism, NZgritude, and Afrocentricity. The book's approach sheds a radical light on the claim for Black specificities and racism. It shows that racial and ethnological discourses are ideological and political mystifications, masking exploitation. Under such circumstances, racial and racist ideologies become cards to be played by the perpetrators or the victims, as the case studies of Haiti and South Africa illustrate. As can be seen, then, the intelligibility of racism and its various forms can only stem from an analysis of the social structures upon which they rest. Just to show how inextricably linked ideology, race, racism, political expansion, and economic domination are, the book looks at Africa and its Diaspora, revealing how Africans remain the scapegoat for racial 'othering' in the global economy's ideological praxis. In so doing, the book is also able to include African intellectuals' perspectives that have often been omitted from the dialogue on critical theory, race, racism, and Black specificities.

The theory of crisis has always played a central role within Marxism, and yet has been one of its weakest elements. Simon Clarke's important new book provides the first systematic account of Marx's own writings on crisis, examining the theory within the context of Marx's critique of political economy and of the dynamics of capitalism. The book concentrates on the scientific interpretation and evaluation of the theory of crisis, and will be of interest to mainstream economists, as well as to sociologists, political scientists and students of Marx and Marxism.

This edited volume traces the development of the Marxian theory of finance in Japan. Japanese Marxists have long been engaged in this field of study, yet their achievements are hardly known in other languages. Japanese Discourses on the Marxian Theory of Finance brings together in English for the first time six core essays essential to the understanding of the history and development of Japanese Marxian economics. Part I considers the so-called Uno-Miyake debate, which shaped the direction of the research in postwar Japan. Part II includes the three core essays influenced by Uno, including an essay by Shigekatsu Yamaguchi, who introduced a new method to systematically deal with “credit creation” which must be duly taken into consideration if scholars are to analyze today’s “financialization." Finally, the last two essays follow from Yamaguchi’s influential theory to consider the relation of banking with the capital market to complete the theory of finance in Marxian economics.

This book provides a contemporary assessment of Marx's theory of money. This theory is often praised as one of Marx's greatest achievements, especially when compared with either classical or neoclassical economics. On the other hand, Marx's theory of money has also been severely criticized, especially that it seems to require that money be a produced commodity. The contributors to the volume provide a wide-ranging and in-depth appraisal of the strengths and weaknesses of Marx's theory of money, compared to other theories of money.

This book discusses Marx’s thinking on human emancipation based on his critique of capitalism and the prospect of socialism. It analyzes the double relations between persons and things, and persons and persons by tracking Marx’s writings, including MEGA2, and taking into consideration the socialist practice and socialist reform of the last century. It is a necessary study for social scientists, social andpolitical philosophers, and students for its deep and wide analysis from the perspective of Marxian theory in practice.