Late capitalism /

Mandel, Ernest,

Late capitalism / Ernest Mandel ; translated [from the German] by Joris De Bres. - Revised ed. - London : NLB , 1975. - 618 pages ; 22 cm.

Includes index.

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 and the pressure towards company planning and economic programming -- 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 whole -- 18. The crisis of capitalist relation of production

"One of the central purposes of this book is to provide a Marxist explanation of the causes of the long post-war wave of rapid growth in the international capitalist economy, which took both non-Marxist and Marxist economists by surprise; and at the same time to establish the inherent limits of this period, which ensured that it would be followed by another long wave of increasing social and economic crisis for world capitalism, characterized by a far lower rate of overall growth. When this work was first written and published in German in 1970-72, its basic theses still appeared to many readers empirically unproven or dubious, and were greeted with widespread skepticism... Today, few can doubt that the critical turning-point in post-war economic development is behind us and not in front of us, and that the long boom' us now a thing if the past. Belief in the permanence of rapid growth and full employment within the 'mixed economy' has proved a myth. This book tries to explain why this was necessarily so, and what the consequences of the actual dynamics of post-war capitalism are likely to be, within the framework of classical Marxist categories." -- From the Introduction


Originally published in German.

0902308076 : £9.50

76364617

GB75-30891


Capitalism.
Economic history--1945-

HB 501 / .M313513 1975

330.9

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