|Author||Alex Locascio and Michael Heinrich|
|File size||324.5 KB|
einrich's Introduction to Marx's CAPITAL is a very important work for many a reason. First of all, its language is clear, precise and accurate, so that everybody will be able to understand very difficult terms like surplus value, avarage profit, etc.; secondly, Heinrich's analysis is comprehensive because it is not focused only on the first volume of Marx's CAPITAL but it takes into account all the three volumes. Thus everybody who is interested in Marxism and in the study of the current stage of capitalism will benefit from reading this Introduction.
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.