This collection of original essays offers a defense of socialism in the face of its recent collapse. The volume provides both an overview and a critical inquiry into the essential aspects of the crisis and fall of socialism. It also, however, assesses the prospects of the renewal of the socialist project by addressing long-neglected issues in socialist thinking and writing. Recent developments in Russia, Cuba, and China, combined with theoretical expositions of the crisis and fall of socialism, are used to assess some of the strengths and weaknesses of socialist regimes. Critical essays on specific issues---such as the environment, feminism, law, and Marxist theory---point the way, the authors hope, toward a renewal and re-energizing of socialism.

This volume will be of interest to scholars and students of socialism, Marxism, comparative politics, and political theory.

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.

This work brings together a collection of original essays on the contemporary study of international political economy (IPE). It provides contrasting and challenging interpretations of the study of IPE and the global political economy in general. It also exposes the reader to major issues and problems in international political economy such as European unification, U.S.-Japanese trade tensions, Africa's role in the world economy, international debt, and international financial reform.

A cross-section of viewpoints provide challenging and insightful analyses of the major contemporary issues in international political economy. The volume will be of interest to scholars and students of international relations, political economy, and political science.

Early in the 20th century, revolutionary socialism was not only gaining momentum but appeared destined to conquer the world. By mid-century, the red flag flew over capitals in Eastern Europe, Russia, China, Southeast Asia, Africa, and Central America; by the 1970s over one-third of the world's population lived under socialist regimes. All that has changed. With the 20th century drawing to a close, the political map of the globe looks very different: most socialist states have collapsed, revolutionary movements have been abandoned, and the United States stands as the world's lone superpower. This unique volume examines these changes--the "defeat" of Marxism--and suggests that the present historical juncture is but a temporary setback in the march of the working class. The authors propose that Marxism remains the most useful approach in understanding and explaining contemporary capitalism and its decay, as well as the only path toward the liberation of society from class exploitation.