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The Law of Accumulation and Breakdown of the Capitalist System,
Being also a Theory of Crisis was Henryk Grossman's most important,
influential, and also most denounced work. As official Communist
economic thought was petrifying, to comply with the needs of the
Stalinist state in Russia, Grossman's book challenged the
developing dogma. Combining Marx's method and insights with a
comprehensive assessment of the very substantial literature on
crisis theory, Grossman demonstrated how the capitalist system,
even under supposedly ideal conditions, will break down
economically. Grossman's recovery of Marx's explanations for
capitalism's crises and tendency to break down is as timely as
ever, and thanks to Jairus Banaji and Rick Kuhn, this wonderful,
first full English translation is now available. The Law of
Accumulation is the third of four volumes of Grossman's works.
Henryk Grossman is best-known as a Marxist economist, but he also
wrote valuable political interventions from his various positions
within the workers' movement-first as a leader of the revolutionary
organization of Jewish workers in the Polish province of Austria
before the First World War, then as a member of the Communist
Workers Party of Poland during the early 1920s, and later as a
Marxist academic during the early 1930s. These writings deal with
the political situation, tactics and strategy for the Jewish Social
Democratic Party of Galicia, the initial reception of Marxism in
Poland, and include substantial reflections on the left wing
movements, organizations, and leading individuals of his time. This
is the second volume in a substantial multi-volume reference work
collecting and translating all of Grossman's writings.
This volume includes essential texts-many available here in English
for the first time; some available for the first time in any
language-by the influential revolutionary Marxist Henryk Grossman.
This collection pulls from monographs, articles, essays, letters,
and manuscript material to assemble Grossman's most important
contributions on economic theory. The first in four volumes of
Grossman's works, this collection provides the basis for a deeper
understanding of his contribution to Marxist economic theory and
the critique of bourgeois economics. Rick Kuhn's essential
introduction explains the contexts in which the pieces were written
and establishes their contemporary relevance.
This volume assembles several of the Galician Marxist's most
important essays, and serves as an accessible introduction to his
project of 'recovering' Marx. Grossman highlights distinctive
features of Marx's economic theory through contrasting with his
forerunners, from Adam Smith to Jean Charles Sismondi. He moves on
to show how many Marxist economists import faulty assumptions from
mainstream economics into their analyses, and in the process
provides a unique overview of the major debates among Marxists over
politics and economics between Marx's death and the rise of Fascism
in Germany.
Long awaited, the first full translation of Henryk Grossman's The
Law of Accumulation and Breakdown of the Capitalist System, Being
also a Theory of Crisis has been published in English. It was the
most important, influential and yet most denounced of Grossman's
works and recovers not only Marx's primary explanation of
capitalism's economic crises and breakdown tendency but also his
method in Capital.
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