2 vol

‘The best and most comprehensive popularisation of Marx’s Economic Theory for more than a generation.’ —Issac Deutscher Ernest Mandel (1923-1995) was Professor at the Free University of Brussels. He has been the foremost Marxist Economist of our time. An activist in the revolutionary movement, he was a leader of the Fourth International sicne the 1940s.

CONTENTS: Introduction - Labour, Necessary product, Surplus Product - Exchange, Commodity, Value – Money, Capital, Surplus-value – The Development of Capital - The Contradictions of Capitalism - Trade – Credit – Money – Agriculture- Reproduction and the Growth of National Income - Periodical Crises - Monopoly Capitalism - Imperialism – The Epoch of Capitalist Decline – The Soviet Economy – The Economy of the Transition Period – Socialist Economy – Origin, Rise and Withering Away of Political Economy- Bibliography – Index