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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.
Rick Kuhn's Henryk Grossman and the Recovery of Marxism is the
definitive study of the life and work of this renowned economist,
activist, and intellectual. As a young man, Grossman joined the
socialist movement and participated in Jewish workers' strikes and
demonstrations, as well as in boycotts against employers and the
Austro-Hungarian state. He moved to Vienna, but was driven back to
Poland by the Austrian state's racist citizenship policies. A
member of the illegal Polish Communist Party, Grossman was
frequently arrested and jailed, finally leaving Poland for a post
at the Institute for Social Research in Frankfurt am Main, which
gave rise to the famous 'Frankfurt School'. Grossman published his
best known work in Frankfurt, including studies of Marx's method in
Capital and theories of economic crisis that remain influential
today. In tracing Grossman's experiences, from Krakow to New York,
and offering a detailed account of his ideas, the biography
provides an intimate account of key events in twentieth century
history, including the politicization of east European Jewry, the
World Wars, the rise of Stalinism and Nazism, and the cold war.
Once widely regarded as the workers greatest hope for a better
world, the ALP today would rather project itself as a responsible
manager of Australian capitalism. Labor's Conflict provides an
insightful account of the transformations in the Party's policies,
performance and structures since its formation. Seasoned political
analysts, Tom Bramble and Rick Kuhn offer an incisive appraisal of
the Party's successes and failures, betrayals and electoral
triumphs in terms of its competing ties with bosses and workers.
The early chapters outline diverse approaches to understanding the
nature of the Party and then assess the ALP's evolution in response
to major social upheavals and events, from the strikes of the
1890s, through two World Wars, the Great Depression, and the
post-war boom. The records of the Whitlam, Hawke, Keating, Rudd and
Gillard governments are then dissected in detail. The compelling
conclusion offers alternatives to the Australian Labor Party, for
those interested in progressive change.
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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