About the time of the First World War, when interest in Marxist theory was virtually nonexistent in the United States, rival schools of thought in Japan emerged, and brilliant debates took place on Marx’s Capital and on capitalism as it was developing in Japan. Forty years ago, Makoto Itoh’s Value and Crisis began to chronicle these Japanese contributions to Marxist theory. Now, in a second edition of Value and Crisis, Itoh deepens his study of Marx’s theories. The promise of these theories has not waned. If anything—considering the failure of Soviet-style socialism and the catastrophe of neoliberalism—it grows daily.
New! “Value and Crisis: Essays on Marxian Economics in Japan” (2nd ed.)
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