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OverviewThe global economic crisis and recession that began in 2008 had at least one unexpected outcome: a surge in sales of Karl Marx's Capital. Although mainstream economists and commentators once dismissed Marx's work as outmoded and flawed, some are begrudgingly acknowledging an analysis that sees capitalism as inherently unstable. And of course, there are those, like Michael Heinrich, who have seen the value of Marx all along, and are in a unique position to explain the intricacies of Marx's thought. Heinrich's modern interpretation of Capital is now available to English-speaking readers for the first time. It has gone through nine editions in Germany, is the standard work for Marxist study groups, and is used widely in German universities. The author systematically covers all three volumes of Capital and explains all the basic aspects of Marx's critique of capitalism in a way that is clear and concise. He provides background information on the intellectual and political milieu in which Marx worked, and looks at crucial issues beyond the scope of Capital, such as class struggle, the relationship between capital and the state, accusations of historical determinism, and Marx's understanding of communism. Uniquely, Heinrich emphasizes the monetary character of Marx's work, in addition to the traditional emphasis on the labor theory of value, this highlighting the relevance of Capital to the age of financial explosions and implosions. Full Product DetailsAuthor: Michael Heinrich , Alex LocascioPublisher: Monthly Review Press,U.S. Imprint: Monthly Review Press,U.S. Dimensions: Width: 14.00cm , Height: 1.90cm , Length: 21.00cm Weight: 0.281kg ISBN: 9781583672884ISBN 10: 1583672885 Pages: 220 Publication Date: 01 June 2012 Audience: General/trade , General Format: Paperback Publisher's Status: Active Availability: Manufactured on demand We will order this item for you from a manufactured on demand supplier. Table of ContentsReviewsAuthor InformationMichael Heinrich taught economics for many years at the University of Applied Sciences in Berlin and was managing editor of PROKLA: Journal for Critical Social Science. He has written in depth on Marx's critique of political economy in his book, The Science of Value. His An Introduction to the Three Volumes of Karl Marx's Capital is probably the most popular introduction to Marx's economic works in Germany. Alexander Locascio, translator of this biography from German to English, has been active in the U.S. labor movement. His other translations include An Introduction to the Three Volumes of Karl Marx's Capital and Thomas Piketty's Capital in the Twenty-First Century: An Introduction. He lives in Berlin with his family. Tab Content 6Author Website:Countries AvailableAll regions |