Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value

Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value

Author: Samir Amin

Publisher: NYU Press

Published: 2018-02-22

Total Pages: 248

ISBN-13: 1583676570

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The complete collection of Samir Amin's work on Marxism value theory Unlike such obvious forms of oppression as feudalism or slavery, capitalism has been able to survive through its genius for disguising corporate profit imperatives as opportunities for individual human equality and advancement. But it was the genius of Karl Marx, in his masterwork, Capital, to discover the converse law of surplus value: behind the illusion of the democratic, supply-and-demand marketplace, lies the workplace, where people trying to earn a living are required to work way beyond the time it takes to pay their wages. Leave it to the genius of Samir Amin to advance Marx's theories—adding to them the work of radical economists such as Michal Kalecki, Josef Steindl, Paul Baran, and Paul Sweezy—to show how Marxian theory can be adapted to modern economic conditions. Amin extends Marx's analysis to describe a concept of “imperialist rent” derived from the radically unequal wages paid for the same labor done by people in both the Global North and the Global South, the rich nations and the poor ones. This is global oligopolistic capitalism, in which finance capital has come to dominate worldwide production and distribution. Amin also advances Baran and Sweezy’s notion of economic surplus to explain a globally monopolized system in which Marx's “law of value” takes the form of a “law of globalized value,” generating a super-exploitation of workers in the Global South. Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value offers readers, in one volume, the complete collection of Samir Amin’s work on Marxian value theory. The book includes texts from two of Amin's recent works, Three Essays on Marx’s Value Theory and The Law of Worldwide Value, which have provoked considerable controversy and correspondence. Here, Amin answers his critics with a series of letters, clarifying and developing his ideas. This work will occupy an important place among the theoretical resources for anyone involved in the study of contemporary Marxian economic and political theory.


The Implosion of Contemporary Capitalism

The Implosion of Contemporary Capitalism

Author: Samir Amin

Publisher: NYU Press

Published: 2013-09

Total Pages: 160

ISBN-13: 1583674209

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Renowned political economist Samir Amin, engaged in a unique lifelong effort both to narrate and affect the human condition on a global scale, brings his analysis up to the present—the world of 2013. The key events of our times—financial crisis, the emerging nations, globalization, financialization, political Islam, Euro–zone implosion—are related in a coherent, historically based, account. Changes in contemporary capitalism require an updating of definitions and analysis of social classes, class struggles, political parties, social movements and the ideological forms in which they express their modes of action in the transformation of societies. Amin meets this challenge and lays bare the reality of monopoly capitalism in its general, global form. Ultimately, Amin demonstrates that this system is not viable and that the implosion in progress is unavoidable. Whether humanity will rise to the challenge of building a more humane global order free of the contradictions of capital, however, is yet to be seen.


Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value

Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value

Author: Samir Amin

Publisher:

Published: 2018

Total Pages: 149

ISBN-13: 9781583676585

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"Unlike such obvious forms of oppression as feudalism or slavery, capitalism has been able to survive through its genius for disguising corporate profit imperatives as opportunities for individual human equality and advancement. But it was the genius of Karl Marx, in his masterwork, Capital, to discover the converse law of surplus value: behind the illusion of the democratic, supply-and-demand marketplace, lies the workplace, where people trying to earn a living are required to work way beyond the time it takes to pay their wages. Leave it to the genius of Samir Amin to advance Marx's theories—adding to them the work of radical economists such as Michal Kalecki, Josef Steindl, Paul Baran, and Paul Sweezy—to show how Marxian theory can be adapted to modern economic conditions. Amin extends Marx's analysis to describe a concept of “imperialist rent” derived from the radically unequal wages paid for the same labor done by people in both the Global North and the Global South, the rich nations and the poor ones. This is global oligopolistic capitalism, in which finance capital has come to dominate worldwide production and distribution. Amin also advances Baran and Sweezy’s notion of economic surplus to explain a globally monopolized system in which Marx's “law of value” takes the form of a “law of globalized value,” generating a super-exploitation of workers in the Global South. Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value offers readers, in one volume, the complete collection of Samir Amin’s work on Marxian value theory. The book includes texts from two of Amin's recent works, Three Essays on Marx’s Value Theory and The Law of Worldwide Value, which have provoked considerable controversy and correspondence. Here, Amin answers his critics with a series of letters, clarifying and developing his ideas. This work will occupy an important place among the theoretical resources for anyone involved in the study of contemporary Marxian economic and political theory. "--


Imperialism

Imperialism

Author: Vladimir Lenin

Publisher: Ravenio Books

Published: 1939

Total Pages: 128

ISBN-13:

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The pamphlet here presented to the reader was written in the spring of 1916, in Zurich. In the conditions in which I was obliged to work there I naturally suffered somewhat from a shortage of French and English literature and from a serious dearth of Russian literature. However, I made use of the principal English work on imperialism, the book by J. A. Hobson, with all the care that, in my opinion, work deserves. This pamphlet was written with an eye to the tsarist censorship. Hence, I was not only forced to confine myself strictly to an exclusively theoretical, specifically economic analysis of facts, but to formulate the few necessary observations on politics with extreme caution, by hints, in an allegorical language—in that accursed Aesopian language—to which tsarism compelled all revolutionaries to have recourse whenever they took up the pen to write a “legal” work. It is painful, in these days of liberty, to re-read the passages of the pamphlet which have been distorted, cramped, compressed in an iron vice on account of the censor. That the period of imperialism is the eve of the socialist revolution; that social-chauvinism (socialism in words, chauvinism in deeds) is the utter betrayal of socialism, complete desertion to the side of the bourgeoisie; that this split in the working-class movement is bound up with the objective conditions of imperialism, etc.—on these matters I had to speak in a “slavish” tongue, and I must refer the reader who is interested in the subject to the articles I wrote abroad in 1914-17, a new edition of which is soon to appear. In order to show the reader, in a guise acceptable to the censors, how shamelessly untruthful the capitalists and the social-chauvinists who have deserted to their side (and whom Kautsky opposes so inconsistently) are on the question of annexations; in order to show how shamelessly they screen the annexations of their capitalists, I was forced to quote as an example—Japan! The careful reader will easily substitute Russia for Japan, and Finland, Poland, Courland, the Ukraine, Khiva, Bokhara, Estonia or other regions peopled by non-Great Russians, for Korea. I trust that this pamphlet will help the reader to understand the fundamental economic question, that of the economic essence of imperialism, for unless this is studied, it will be impossible to understand and appraise modern war and modern politics.


Imperialism in the Twenty-First Century

Imperialism in the Twenty-First Century

Author: John Smith

Publisher: NYU Press

Published: 2016-01-22

Total Pages: 383

ISBN-13: 1583675795

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Winner of the first Paul A. Baran-Paul M. Sweezy Memorial Award for an original monograph concerned with the political economy of imperialism, John Smith's Imperialism in the Twenty-First Century is a seminal examination of the relationship between the core capitalist countries and the rest of the world in the age of neoliberal globalization.Deploying a sophisticated Marxist methodology, Smith begins by tracing the production of certain iconic commodities-the T-shirt, the cup of coffee, and the iPhone-and demonstrates how these generate enormous outflows of money from the countries of the Global South to transnational corporations headquartered in the core capitalist nations of the Global North. From there, Smith draws on his empirical findings to powerfully theorize the current shape of imperialism. He argues that the core capitalist countries need no longer rely on military force and colonialism (although these still occur) but increasingly are able to extract profits from workers in the Global South through market mechanisms and, by aggressively favoring places with lower wages, the phenomenon of labor arbitrage. Meticulously researched and forcefully argued, Imperialism in the Twenty-First Century is a major contribution to the theorization and critique of global capitalism.


Eurocentrism

Eurocentrism

Author: Samir Amin

Publisher: NYU Press

Published: 2010-01-01

Total Pages: 288

ISBN-13: 1583672079

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Since its first publication twenty years ago, Eurocentrism has become a classic of radical thought. Written by one of the world's foremost political economists, this original and provocative essay takes on one of the great "ideological deformations" of our time: Eurocentrism. Rejecting the dominant Eurocentric view of world history, which narrowly and incorrectly posits a progression from the Greek and Roman classical world to Christian feudalism and the European capitalist system, Amin presents a sweeping reinterpretation that emphasizes the crucial historical role played by the Arab Islamic world. Throughout the work, Amin addressesa broad set of concerns, ranging from the ideological nature of scholastic metaphysics to the meanings and shortcomingsof contemporary Islamic fundamentalism. This second edition contains a new introduction and concluding chapter, both of which make the author's arguments even more compelling.


Only People Make Their Own History

Only People Make Their Own History

Author: Samir Amin

Publisher: NYU Press

Published: 2019-03-25

Total Pages: 246

ISBN-13: 1583677712

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A collection of Samir Amin’s ten most influential essays of the 21st century Radical political economist Samir Amin left behind a cherished oeuvre of Marxist writings. Amin’s intellectual range—from economics to culture—was admirable, and his lessons remain essential. Monthly Review Press is honored to publish this volume, culled from the Monthly Review magazine, of ten of Samir Amin’s most significant essays written in the twenty-first century. The collection is introduced by Amin’s friend and comrade, the Marxist philosopher Aijaz Ahmad, who provides a comprehensive survey of Amin’s life and path-breaking work. Ahmad also offers a contextual focus by which to read such stunningly astute pieces as “Revolution or Decadence?” and “Contemporary Imperialism.” Only People Make Their Own History is a loving and enlightening look at what the work of Samir Amin has meant—and will mean— to millions of people the world over.


The Value of Marx

The Value of Marx

Author: Alfredo Saad Filho

Publisher: Routledge

Published: 2001-11-29

Total Pages: 190

ISBN-13: 1134566972

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This book constitutes an overview of recent developments in political economy in general, and Marxist value theory in particular. The implications of value theory for bank credit, inflation and deflation are fully explored.


Representing Capital

Representing Capital

Author: Fredric Jameson

Publisher: Verso Books

Published: 2014-01-07

Total Pages: 177

ISBN-13: 1781681570

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Representing Capital, Fredric Jameson’s first book-length engagement with Marx’s magnum opus, is a unique work of scholarship that records the progression of Marx’s thought as if it were a musical score. The textual landscape that emerges is the setting for paradoxes and contradictions that struggle toward resolution, giving rise to new antinomies and a new forward movement. These immense segments overlap each other to combine and develop on new levels in the same way that capital itself does, stumbling against obstacles that it overcomes by progressive expansions, which are in themselves so many leaps into the unknown.