By M. Howard, J. King
This moment quantity of the hugely profitable, A background of Marxian Economics, covers the interval from 1929 to the current. the most debates and topics of this era are the good melancholy and Stalinism, the lengthy increase and its loss of life, New Theories of Imperialism, worth 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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Additional resources for A History of Marxian Economics
This gives rise to disequilibrium in commodity markets, causing a growing disproportion between production and consumption. One result is an increase in circulation costs, as capitalists try desperately to create demand through various forms of sales promotion. 6o In monopoly capitalism underconsumptionist forces are stronger as, due to the suppression of price competition, the rate of exploitation rises even if money wages remain constant. 61 Moszkowska denies that underconsumptionism entails stagnation rather than sharp fluctuations in economic activity.
33 Petit-bourgeois relations within Russia posed the threat of counter-revolution, but the peculiarities of Tsarist development had endowed the country with largescale industry in the hands of the proletarian state, allowing a largely autarkic development which could overcome the internal contradictions of backwardness, and would culminate in the 'complete' building of socialism. 34 'Final' victory could be ensured, however, only through world revolution, which would remove the threat of military intervention by capitalist powers that threatened to roll back any domestic successes of socialism, no matter how advanced.
Organs of internal security swelled both in size and in powers to meet the needs of running the gulag and to ensure general surveillance of a people suffering immense deprivation. 7 The magnitude of the repression was staggering. Between 1929 and 1937 11000000 peasants died as a result of dekulakisation and collectivisation. In the years of the 'blood purges', 1936-8, 5000000 people were arrested for political reasons, of whom at least 1 000000 were shot and 2000000 died in prison. The decade after 1929 was one in which Stalin effectively wiped out all the 'old Bolsheviks', including many Stalinists as well as those who had constituted the various opposition groups in the 1920s.
A History of Marxian Economics by M. Howard, J. King