This is an important and unparalleled work which situated Marx's
economic theory in relation to the economic theories that predate
him - from mercantilism to John Stuart Mill. First published in
1929, the book dates from the fertile period of Marxist economic
theory that produced the works of Preobrazhensky, Kondratiev and
Bukharin. However as a review of pre-Marxist economics it stands
out from the many books which dwell only on the contemporary
industrialisation debates. This is a selective reading of economic
thought, offering analysis of those elements in past economics that
accord with the areas of interest to Marxism. Each section gives a
brief analysis of a specific school of thought, with particular
attention to the social and ideological climate within which it
evolved. The book differs from orthodox accounts in not merely
mentioning historical background but using it as a central
explanation of the evolution of economic theories. As a
counterpoint to Rubin, Catherine Colliot-Thelene has written a
daring essay which locates a crucial flaw in the logical structure
of Marx's Capital.
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