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Marx's Revenge : the Resurgence of Capitalism and the Death of Statist Socialism (02 Edition)by Meghnad Desai
Synopses & ReviewsPlease note that used books may not include additional media (study guides, CDs, DVDs, solutions manuals, etc.) as described in the publisher comments.
The failure of economists to anticipate the global financial crisis and mitigate the impact of the ensuing recession has spurred a public outcry. Economists are under fire, but questions concerning exactly how to redeem the discipline remain unanswered. In this provocative book, renowned economist Meghnad Desai investigates the evolution of economics and maps its trajectory against the occurrence of major political events to provide a definitive answer.
Desai underscores the contribution of hubris to economistsandrsquo; calamitous lack of foresight, and he makes a persuasive case for the profession to re-engage with the history of economic thought. He dismisses the notion that one over-arching paradigm can resolve all economic eventualities while urging that an array of already-available theories and approaches be considered anew for the insights they may provide toward preventing future economic catastrophes. With an accessible style and keen common sense, Desai offers a fresh perspective on some of the most important economic issues of our time.
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)
In the triumphant resurgence of capitalism, the one thinker who is vindicated is Karl Marx.
A frank assessment of economistsandrsquo; blindness before the financial crash in 2007andndash;2008 and what must be done to avert a sequel
About the Author
Meghnad 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.
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