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by Ernest Mandel
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Business & Finance
  • Author:
    Ernest Mandel
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  • Publisher:
    Merlin Press (January 1, 1968)
  • Pages:
    798 pages
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    Business & Finance
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    1961 kb
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Marxist Writers: Ernest Mandel. Marxists’ Internet Archive.

Marxist Writers: Ernest Mandel. The working class’s periodic upsurges into direct action create at the same time the conditions for resolving the crisis of the subjective factor, on condition that revolutionaries have been active in the movement for long enough, effectively enough and on a sufficiently wide enough scale.

Ernest Ezra Mandel (1923-1995) was a revolutionary Marxist theorist. This 1967 book has been widely used as a textbook in classes on Marxist economics. He notes that social surplus product comes into existence as "an appropriation without compensation, by a ruling class of a part of the production of a producing class.

Marxian economics comprises several different theories and includes multiple schools of thought, which are sometimes opposed to each other, and in many cases Marxian analysis is used to complement or supplement other economic approaches. Because one does not necessarily have to be politically Marxist to be economically Marxian, the two adjectives coexist in usage rather than being synonymous

After publishing Marxist Economic Theory, Mandel traveled to Cuba and worked closely with Che Guevara on economic planning, after Guevara (who was fluent in French) had read the new book and encouraged Mandel's interventions.

After publishing Marxist Economic Theory, Mandel traveled to Cuba and worked closely with Che Guevara on economic planning, after Guevara (who was fluent in French) had read the new book and encouraged Mandel's interventions. He resumed his university studies and graduated from what is now the École Pratique des Hautes Études in Paris in 1967. Only from 1968 did Mandel become well known as a public figure and Marxist politician, touring student campuses in Europe and America giving talks on socialism, imperialism and revolution.

Marxist economic theory. Books for People with Print Disabilities. Internet Archive Books.

Ernest Mandel’s most popular book is An Introduction to Marxist Economic Theory.

An Introduction to Marxist ECONOMIC THEORY Ernest Mandel 2 An Introduction to Marxist Economic Theory Co n t e n t s In t r o d u c t i o n by Doug Lorimer. 1 An Introduction to Marxist ECONOMIC THEORY Ernest Mandel 5 Social surplus product.

Marxist Economic Theory (Paperback). Ernest Mandel (author). Publisher: Aakar Books ISBN: 9788189833466 Added to basket. Paperback Published: 01/01/2009. Usually dispatched within 3 weeks. By (author) Ernest Mandel. Close X. Learn about new offers and get more deals by joining our newsletter.

Marxist Economic Theory, by Ernest Mandel. PP. 797. 4 gns, This is an ambitious book attempting, as it does, to elucidate Marxist economic theory within a framework that reaches from pre-historic times to the anticipated socialist society. Mandel deems this comprehensive procedure necessary because of the dialectical proposition that the lost, social collectivity of primitive society will make its reappearance in the socialist future, albeit in a 'higher form'.

CONTENTS: Introduction - Labour, Necessary product, Surplus Product - Exchange, Commodity, Value – Money, Capital, Surplus-value – The Development of Capital - The Contradictions of Capitalism - Trade – Credit – Money – Agriculture- Reproduction and the Growth of National Income - Periodical Crises - Monopoly Capitalism - Imperialism – The Epoch of Capitalist Decline – The Soviet Economy – The Economy of the Transition Period – Socialist Economy – Origin, Rise and Withering Away of Political Economy- Bibliography – Index

Some of the chapters are very good and well explained but others not so good. I was very impressed with his chapter on the contradictions of capitalism. Also the later chapters on monopoly capital and imperialism. Mandel held to the Trotskyist idea that the Soviet Union was a degenerate worker's state and could have returned back to a worker's state with a political revolution and this is reflected in his chapters on the soviet economy. The chapter I was really disappointed with was the chapter on money where his explanations aren't clear and which aren't suitable for anyone who hasn't had some background reading in finance. I was also disappointed that Mandel didn't say more about Marx's method in 'Capital', true this is a book on Marxist economics rather than a book about 'Capital' but the economic theory of Marx is largely derived from 'Capital' and more attention could have been paid to the method he used in developing his economic theories. Mandel does mention this method in the introduction but it's only a short description rather than a full explanation. One of its strong points is that Mandel tends not to drown the reader with algebraic formula. I've heard it said that Mandel wrote for workers. Perhaps he wrote some books for workers but not this book. The book is suitable for middle to upper class well educated people and not for toilers unless they're really committed and can be helped along whilst reading it. I suspect Mandel was like a lot of well healed academic Marxists-there were no garbage collectors in the gallery being played to. All in all it's not a bad book and worth the effort. Normally I don't bother with 'not bad' reviews sticking to the very exceptionally good and extremely poor-to be avoided. But this is a big book, two volumes and 730 pages or so long and has very exceptionally good chapters and some that really needed to be better explained. It's a good book to complement with both volumes of David Harvey's ' A companion to Marx Capital' or indeed as a precursor to reading Marx's Capital volumes 1,2 and 3. Also it's a good introduction to Lenin's theory of imperialism which Mandel updates with his own theory of late capitalism. It's somewhat dated being written in the early 60's but surprisingly relevant in many ways to today's global economy. Indeed Mandel's ideas on the development of modern imperialism anticipated many aspects of neo liberalism.
This is one of a handful of expository treatments of classical Marxist theory that one can unequivocally recommend. Though it was initially published over forty-five years ago, it remains relevant to understanding what is happening in the world today, as the crisis of capitalism assumes global proportions,and as capitalistic endeavor assumes ever more predatory forms.

The book contains a clear exegesis of classical theory: the historical development of capitalism, the increasing dominance of exchange value, the relentless pursuit of surplus-value, the inevitable development of exploitation, the various crises and contradictions of capitalism, the development of trusts and cartels, and the inexorable drive towards oligopoly,the role of the state in bolstering profits, and providing legal and social control mechanisms without which capital accumulation can't take place, and the rise of imperialism as capital seeks to expand.

Along with this book, one might recommend Baran and Sweezy's old classic, "Monopoly Capital."