By M. Howard, J. King
This moment quantity of the hugely profitable, A historical past of Marxian Economics, covers the interval from 1929 to the current. the most debates and subject matters of this era are the nice melancholy and Stalinism, the lengthy growth and its loss of life, New Theories of Imperialism, price and Exploitation, and present Controversies. As with the 1st quantity Michael Howard and John King have written an authoritative and stimulating account of the background of Marxian Economics over this era.
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17 Nevertheless, Stalin's intellectual endeavours should not be so lightly dismissed. He valued theory for exactly the same reason as did other Marxists. It provided 'the power of orientation, and an understanding of the inner relation of surrounding events ... it alone can help practice to realise ... 18 Furthermore, by the early 1920s the quality of Lenin's own thought had markedly declined, and Stalin's codification of his ideas as a whole provided a coherence which was sufficiently robust to accommodate the sharp changes in policy brought about by successive crises.
Trotsky, The Struggle Against Fascism in Germany (New York: Pathfinder, 1971) and Preobrazhensky, Decline of Capitalism, ch. 11. Corey, Decline, p. 513. Sweezy, Theory, pp. 145-6. Ibid, pp. 100-6 and 209-13; and 147-55, respectively. Ibid, pp. 156-62 and 162-89 respectively. 22 The Great Depression and Stalinism 36. M. Tugan-Baranovsky, Studien Zur Theorie und Geschichte der Handelskrisen in England (lena: Fischer, 1901), pp. 197-231; L. von Bortkiewicz, 'Value and Price in the Marxian System', International Economic Papers 2, 1952, pp.
60. 61. 62. 63. 64. 65. 66. 67. 68. 69. 70. 71. n. 73. 74. 75. 76. 77. 78. 79. 80. 23 Pathfinder Press, 1970); Day, The 'Crisis' and the 'Crash'; Sweezy, Theory, pp. 156-62; see also Chs 4 and 14 of volume I of this book. Moszkowska, Das Marxsche System, p. 159; cf. ibid, pp. 153-4, and Moszkowska, Zur Kritik, pp. 63-9, 87. Moszkowska, Das Marxsche System, pp. 115-17, 129-30, 148-9, 183-4; cr. Moszkowska, Zur Kritik, pp. 8, 102 and Preobrazhensky, Decline of Capitalism, pp. 66-8, 75-6. Ibid, pp.
A History of Marxian Economics by M. Howard, J. King