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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