Late Capitalism

by Ernest Mandel, Cédric Durand (Introduction)

Overview

"Late Capitalism is the first major synthesis to have been produced by the contemporary revival of Marxist economics"--

Product Details

ISBN-13:	9781804294758
Publisher:	Verso Books
Publication date:	07/30/2024
Series:	Verso Classics
Pages:	640
Product dimensions:	5.51(w) x 8.26(h) x 1.57(d)

About the Author

Ernest Mandel (1923–95), historian, economist and activist, was a leading figure in the Fourth International from 1945 and was the author of a number of books, including Late Capitalism, Marxist Economic Theory, Long Waves of Capitalist Development, and The Meaning of the Second World War.

Table of Contents

Introduction: Scrutinizing Capital with One’s Eyes Wide Open
Introduction (1975 edition)
1. The Laws of Motion and the History of Capital
2. The Structure of the Capitalist World Market
3. The Three Main Sources of Surplus-Profit in the Development of Modern Capitalism
4. ‘Long Waves’ in the History of Capitalism
5. Valorization of Capital, Class Struggle and the Rate of Surplus-Value in Late Capitalism
6. The Specific Nature of the Third Technological Revolution
7. The Reduction of the Turnover-Time of Fixed Capital
8. The Acceleration of Technological Innovation
9. The Permanent Arms Economy and Late Capitalism
10. The International Concentration and Centralization of Capital
11. Neo-Colonialism and Unequal Exchange
12. The Expansion of the Services Sector, the ‘Consumer Society’, and the Realization of Surplus-Value
13. Permanent Inflation
14. The Industrial Cycle in Late Capitalism
15. The State in the Age of Late Capitalism
16. Ideology in the Age of Late Capitalism
17. Late Capitalism as a Whole
18. The Crisis of Capitalist Relations of Production
Glossary
Index

Editorial Reviews

Late Capitalism is the answer to how Marx might view the complex economic phenomena of the 1970s. It is sophisticated, well written, impressively documented. This volume is, indeed, one of the major contributions of the last decade to Marxist economics.”—Choice

“I recommend this book for the grandeur of its vision, and for its innumerable, suggestive hypotheses which might lead future investigators towards fruitful research in many areas.”—Contemporary Sociology

“Mandel’s book is a serious and scholarly effort.”—Journal of Modern History

“Late Capitalism represents a significant advance for Mandel. A notable feature of his book is an attempt to revive and critically reassess the theory of ‘long waves’ normally associated with such writers as Kondratieff.”—The Economic Journal

From the Publisher