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Full Access New Perspectives on Rosa Luxemburg’s Critique of Global Capitalism

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New Perspectives on Rosa Luxemburg’s Critique of Global Capitalism

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AbstractThe global economic-financial downturn has given new impetus to a re-examination of Rosa Luxemburg’s writings on capitalist accumulation and economic crisis, which pinpointed the central contradiction of capitalism in its drive for global expansion. In this article I critically engage Luxemburg’s theory of capital accumulation and crisis by evaluating it in comparison with the central categories of Volumes One and Two of Marx’s Capital on the one hand, and the quest for an alternative to capitalism in the twenty-first century on the other. I argue that Marx’s procedure in Volume Two of Capital, in which he abstracts from realization crises and foreign trade in order to discern the “law of motion” of capital freed from secondary and tertiary considerations, captures the internal dynamic of capitalist development and crises far better than its Keynesian and neo-Keynesian alternatives.

Affiliations: 1: Loyola University Chicago, Email: PeterHudis@aol.com, URL: http://www.w3.org/1999/xlink

10.1163/156914912X620716
/content/journals/10.1163/156914912x620716
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1. Adler George , Hudis Peter , Lashitza Annelies The Letters of Rosa Luxemburg 2011 London and New York Verso Books
2. Bellofiore Riccardo Rosa Luxemburg and the Critique of Political Economy 2009a London Routledge
3. Bellofiore Riccardo "“General Introduction: Rosa Luxemburg on capitalist dynamics, distribution and effective demand crises”" Rosa Luxemburg and the Critique of Political Economy 2009b London Routledge 1 23
4. Harvey David The Enigma of Capital and the Crises of Capitalism 2010 London and New York Verso Books
5. Hegel G. W. F. Miller A.V. Science of Logic 1969 Atlantic Highlands NJ Humanities Press
6. Hudis Peter "“Rosa Luxemburg’s Concept of a Post-Capitalist Society”" 2006 Wuhan, China Paper Presented at the International Conference on Rosa Luxemburg
7. Hudis Peter Marx’s Concept of the Transcendence of Value Production 2011 Chicago Loyola University Unpublished PhD dissertation
8. Kalecki Michal Collected Works of Michal Kalecki. Capitalism: Economic Dynamics 1991 Vol Volume 2 Oxford Clarendon Press
9. Kowalski Tadeusz Bellofiore Riccardo "“Luxemburg’s and Kalecki’s theories and visions of capitalist dynamics”" Rosa Luxemburg and the Critique of Political Economy 2009 London Routledge 102 116
10. Luxemburg Rosa Schwarzschuld Agnes The Accumulation of Capital 1969 New York Modern Reader
11. Marx Karl Rubel Maximilien Oeuvres de Karl Marx, Economie II 1968 Paris Editions Gallimard
12. Marx Karl Fowkes Ben Capital 1976 Vol Volume One New York Vintage Books
13. Marx Karl Fernbach David Capital 1978 Vol Volume Two New York Vintage Books
14. Marx Karl "“Notes on Wagner’s Lehrbuch des politischen Ökonomie.”" Marx-Engels Collected Works 1989 Vol Vol. 24 New York International Publishers 531 562
15. Marx Karl Gesamtausgabe Abt. II 2008 Vol Band 11 Berlin Akademie Verlag
16. Mattick Paul Jr. Bellofiore Riccardo "“Economic, politics, and crisis theory: Luxemburg, Bukharin and Grossman on the limits of capital”" Rosa Luxemburg and the Critique of Political Economy 2009 London Routledge 92 101
17. Zarembka Paul "“Accumulation of Capital, its Definition: A Century After Lenin and Luxemburg”" Research in Political Economy: Value, Capitalist Dynamics and Money 2000 Vol 18 183 241 http://dx.doi.org/10.1016/S0161-7230(00)18007-1
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/content/journals/10.1163/156914912x620716
2012-01-01
2016-12-07

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