How would Marx have understood twenty-first-century capitalism? For
Buzgalin and Kolganov, the answer lies in a theoretical
investigation of how and why the fundamental elements of
capitalism- commodities, money and capital - have changed since the
publication of Marx's Capital more than 150 years ago. Introducing
the concepts of social creativity, markets for simulacra and
virtual fictitious capital - Buzgalin and Kolganov offer a recovery
and development of Marx's understanding of social transformations.
Twenty-first century capitalism not only demonstrates Marxism's
relevance to the core economic questions of our time and its
superiority over neoclassical economics, but it leads
English-language readers into the 'undiscovered country' of Soviet
and post-Soviet critical Marxism. How might modern Marxism respond
to the contemporary challenges of the commodification of knowledge
and information? And can it arrive at something resembling a
Capital for the twenty-first century? This accessible and
comprehensive account is essential reading for those wanting to
understand the problems of the modern economy. -- .
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