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  3. Capitalism and Catastrophe
  • Cited by 7
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    • Publisher:
      Cambridge University Press
      Publication date:
      05 November 2011
      29 June 1979
      ISBN:
      9780511895616
      9780521068512
      DOI:
      https://doi.org/10.1017/CBO9780511895616
      Dimensions:
      Weight & Pages:
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.24kg, 156 Pages
      • Subjects:
      Economics, Economic Thought, Philosophy and Methodology, Economic Theory
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    Subjects:
    Economics, Economic Thought, Philosophy and Methodology, Economic Theory
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    Book description

    Capitalism 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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