Capitalism and Catastrophe
By (author) Stephen Rousseas
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Capitalism and Catastrophe by Stephen Rousseas
Book DescriptionCapitalism and Catastrophe questions whether there are processes in advanced capitalism that lead inevitably to systemic collapse. The author challenges those Marxian theories based on a set of historically evolving 'internal contradictions' derived from a purely dialectical analysis of capitalism. In Part I he focuses on the controversy surrounding Rosa Luxemburg's theories of imperialism and capital accumulation, and on Marx's treatment of science and technology in the Grundrisse. In Part I I he critically examines neo- and non-Marxian theories of advanced capitalism, in particular the work of Jurgen Habermas regarding the problem of political legitimation in advanced capitalism. Professor Rousseas argues that Marxists have severely underestimated the resilience of the capitalist system, which must be taken into account by any theory of political economy relevant to the twentieth century.
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Book DetailsISBN: 9780521068512
(228mm x 152mm x 9mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 10-Jul-2008
Country of Publication: United Kingdom
Books By Author Stephen Rousseas
Post Keynesian Monetary Economics, Paperback (July 1992)» View all books by Stephen Rousseas
Rousseas holds a Post-Keynesian view of an elastic and endogenous money supply. His main theme stresses the role of innovation in the financial sector of the US economy and its implications for control of the money supply and credit, as well as the larger issue of macroeconomic policy.
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