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Marx's Revenge: The Resurgence of Capitalism and the Death of Statist Socialism
 
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Marx's Revenge: The Resurgence of Capitalism and the Death of Statist Socialism (Paperback)

by Meghnad Desai (Author)
4.5 out of 5 stars  See all reviews (2 customer reviews)
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Product details

  • Paperback: 320 pages
  • Publisher: Verso Books (25 Mar 2004)
  • Language English
  • ISBN-10: 1859844294
  • ISBN-13: 978-1859844298
  • Product Dimensions: 19.6 x 15.2 x 3 cm
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon.co.uk Sales Rank: 405,311 in Books (See Bestsellers in Books)

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Review

"A stimulating, judicious and learned book, at times provocative and merry, but, above all, thoughtful on where the world has come from ... and the errors and breakthroughs of judgement which allow us to treat our economic world with enhanced self-consciousness." -- Development Policy Review "A criticism from the Left was that it was over-optimistic to hope for "social capitalism". Well, perhaps. But capitalism is all we've got and Meghnad Desai's book Marx's Revenge, published by Vero, is brilliantly timed." -- William Keegan, The Observer "Marx, if we did but know it, is the prophet and advocate of globalization." -- Will Hutton, Independent Magazine "... anti-globalization activists would do well to check out Marx's Revenge, which is an economic history aimed at the general reader." -- Irish Times


Product Description

"This book is intended to annoy and provoke..." A distinguished economist, and a seasoned heretic, Meghnad Desai has spent most of his like as an advocate of the Left. This book is the culmination of a period of reassessment, initiated by the challenge of Thatcherism, the collapse of the Soviet system, and the British Labour Party's Embrace of market-driven politics, which has led Desai to his recognition of 'the end of the road for democratic socialism'.
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Marx's Revenge: The Resurgence of Capitalism and the Death of Statist Socialism
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18 of 22 people found the following review helpful:
4.0 out of 5 stars Essential overview of Economic History, 1 Aug 2002
By Tim Punter (Ilford, United Kingdom) - See all my reviews
This review is from: Marx's Revenge: The Resurgence of Capitalism and the Death of Statist Socialism (Hardcover)
Essential book for anyone who wants a detailed an extremely readable overview of economic histrory. Similar in content to Galbraith's "A History of Economics", but as the title obviously suggests, focusing particulary on the influence of Marx. Desai examines Marx's work in detail, and examinies how Marx's ideas have been used, (and often abused), by so called Marxist followers. Desai believes that the growth of global Capatalism is now back on course, after much of the world embarked on various socialist and communist economic experiments for much of the 20th century. Desai wonders if Marx's prediction of the eventual implosion of capatalism may now eventually come about, now that capatalism has no other economic rival . An excellent read
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1 of 1 people found the following review helpful:
5.0 out of 5 stars "Thoroughly Modern Marx", 13 Jun 2009
By CM Weston (Warsaw) - See all my reviews
(REAL NAME)   
There is something endlessly fascinating about Marx - even almost one hundred and thirty years after his death, he still evokes many articles and books. To give just one example - the "June/July 2009" edition of the august "Foreign Policy" journal contains a portrait of Marx and the invocation "Why he matters now". (I have borrowed the author`s title of his article for my title review).
Mr Desai has written an excellent book that puts Marx in perspective. He starts off with Adam Smith and, of course, Hegel, before giving us a thoroughly readable introduction to Marxism. After that, the author deals with Schumpeter, Hayek, Keynes and other economists to test the relevance and strength of Marx`s original ideas, including surplus value. The book is fairly ambitious in its scope as it weaves into its storyline history/political changes/world developments over the nineteenth/twentieth centuries - but it somehow works - a tribute to Mr Desai`s background and experience.
According to the author, the Soviet system could not cope with the crisis of profitability - production efficiency, and therefore collapsed.
Marx`s analysis was despite all its shortcomings and crises, capitalism would not go away until after it had exhausted its potential. Capitalism still has some way to go but, as per the author, Marx had predicted that.
The author fairly sums up: "Marx emerges as a serious but not an infallible theorist of social astronomy".
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