Synopses & Reviews
In this extensively revised and expanded edition of the 1978 classic, Samir Amin suggests new approaches to Marxian analysis of the crisis of the late capitalist system of generalized, financialized, and globalized oligopolies following on the financial collapse of 2008.
Considering that Marx's Capital—written before the emergence of imperialism as a decisive factor in capitalist accumulation—could provide no explanation for the persistent “underdevelopment” of the countries of the “global South,” Amin advances several important theoretical concepts extending traditional Marxian views of capitalist evolution. Most strikingly, he proposes adding to the model of reproduction in Volume II of Capital a Third Department of Production devoted to surplus absorption and explores the concept of “imperialist rent” by extending the Marxian "law of value" in the form of a new “law of globalized value.”
Amin sees the present crisis as a moment in the second long crisis of the capitalist system, dating from the early 1970s (the first long crisis, he maintains, lasted from 1873 until 1945). He sees no exit from repeatedcrises under capitalism except the descent into barbarism. The challenge is not to escape from the crisis of capitalism—a hopeless project—but to escape from capitalism in crisis. And Amin reasserts his historical optimism as to the socialist project, expecting a “second wave” of socialist attempts that will stem from the self-liberating efforts of the nations and peoples of the South and will lead to an awakening of the Northern popular classes to join the awakening of the global South. This book has an important place among the theoretical resources for anyone involved in the study of contemporary Marxian economic and political theory.
Review
“A substantial contribution to Marxist analysis . . . without a doubt a significant advance.”
-Choice,
Review
““The Pathfinder” of 21st Century Socialism.”
“István Mészáros is one of the few people who has made essential contributions to the body of Marxist thought. Like Marx, he is not easy to read, but he is definitely worth the effort.”
Synopsis
"Portions of this book were originally published as The Law of value and historical materialism c1978 by Monthly Review Press."
Synopsis
In
The Dialectic of Structure and History, Volume Two of
Social Structure and Forms of Consciousness, István Mészáros brings the comprehension of our condition and the possibility of emancipatory social action beyond the highest point reached to date. Building on the indicatory flashes of conceptual lightning in the
Grundrisse and other works of Karl Marx, Mészáros sets out the relations of structure and agency, individual and society, base and superstructure, nature and history, in a dialectical totality open to the future.
The project is brought to its conclusion by means of critique, an analysis that shows not only the inadequacies of the thought critiqued but at the same time their social historical cause. The crucial questions are addressed through critique of the highest point of honest and brilliant thought in capitals ascending phase, that of Adam Smith, Kant, and Hegel, as well as the irrationalities and dishonesty of the apologists of the capital systems descending phase, such as Hayek and Popper. The dead ends of both Lévi-Strausss structuralism and post-modernism, arising from their denial of history, are placed in their context as capital-apologetics.
What Mészáros, the leading Marxist philosopher of our times, has achieved is of world historical importance. He has cleared the philosophical ground to permit the illumination of a path to transcend the destructive death spiral of the capital system.
About the Author
István Mészáros is a world-renowned philosopher and critic. He left his native Hungary after the Soviet invasion of 1956. He is professor emeritus at the University of Sussex, where he held the chair of philosophy for fifteen years. Meszaros is author of The Challenge and Burden of Historical Time, Beyond Capital, The Power of Ideology, The Work of Sartre, and Marxs Theory of Alienation.