By distinguishing between classical Marxist and neo-Marxist
approaches to imperialism, this volume challenges generally
accepted views on the relationship between these two branches of
Marxist thought, reaffirming the principles and tools of
fundamental Marxism as essential for understanding and explaining
the internationalization of capitalist economic life. Together,
original source materials and Polychroniou's highly readable
analysis present a commentary both outlining and clarifying
essential ideas contained in Marxist writings from the late 19th
century to the present. Marxist Perspectives on Imperialism also
identifies current political and economic issues to which authentic
Marxist concepts can be applied.
A review of Marx's views on capitalist production relations and
expansion opens the discussion and defines criteria for evaluating
analyses which follow. Studies by classical Marxists such as
Hilferding, Bukharin, and Lenin are then contrasted to the
neo-Marxist writings of Baran, Frank, and Wallerstein, among
others. Polychroniou's defense of orthodox Marxism strengthens as
he turns his attention to the practical uses of Marxist ideology to
topics of international concern. His conclusions clarify a complex
topic and provide political economists, sociologists, and political
scientists with a clear explanation of the theoretical and
methodological contours of Marxist thought on capitalist
imperialism.
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