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Response to Heinrich—In Defense of Marx’s Law

It was Marx’s ultimate purpose, as stated in the preface to the first edition of Das Kapital, “to lay bare the economic law of motion of modern society.” It is clear that Marx regarded as his central achievement in this regard the “Law of the Falling Tendency of the Rate of Profit.” In vol.3, (p.303) he declares that: “The barrier of the capitalist mode of production becomes apparent | more…

Spectres of Capitalism: A Critique of Current Intellectual Fashions

Spectres of Capitalism: A Critique of Current Intellectual Fashions

Samir Amin, one of the most influential economists today, has produced another groundbreaking work. Spectres of Capitalism cuts through the current intellectual fashions that assume a global capitalist triumph, taking the occasion of the 150th anniversary of Marx and Engels’s classic tract, the Communist Manifesto, to focus upon the aspirations of the destitute millions of the post-Cold War era. | more…