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This title in other editionsMarx's Revenge: The Resurgence of Capitalism and the Death of Statist Socialismby Meghnad Desai
Synopses & ReviewsPublisher Comments:In this provocative and enthusiastically revisionist book, the distinguished economist Meghnad Desai argues that capitalism’s recent efflorescence is something Karl Marx anticipated and indeed would, in a certain sense, have welcomed. Capitalism, as Marx understood it, would only reach its limits when it was no longer capable of progress. Desai argues that globalization, in bringing the possibility of open competition on world markets to producers in the Third World, has proved that capitalism is still capable of moving forwards. Marx’s Revenge opens with a consideration of the ideas of Adam Smith and Hegel. It proceeds to look at the nuances in the work of Marx himself, and concludes with a survey of more recent economists who studied capitalism and attempted to unravel its secrets, including Joseph Schumpeter, John Maynard Keynes and Friedrich Hayek. Book News Annotation:It was not Karl Marx, but his followers who claimed that capitalism
was on the verge of sweet and total collapse, says Desai, a scholar
of global governance, and lifelong adherent to leftist ideals. Now
that the propaganda of a socialist state has stopped deafening the
left, he believes it is possible to analyze the world of capitalism
and globalization over the past 150 years or so. His account pivots
on Marx but also weaves in other economic and political thinkers.
Annotation ©2004 Book News, Inc., Portland, OR (booknews.com) Synopsis:In the triumphant resurgence of capitalism, the one thinker who is vindicated is Karl Marx. About the AuthorMeghnad Desai was Director at the Centre for Global Governance at the London School of Economics. His previous books include Marxian Economics, Applied Econometrics, and India's Triple Bypass. What Our Readers Are SayingBe the first to add a comment for a chance to win!Product Details
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