Henryk Grossman Works, Volume 3
The Law of Accumulation and Breakdown of the Capitalist System, Being also a Theory of Crises
Long awaited, this volume offers the first full English language translation of Henryk Grossman's The Law of Accumulation.
The Law of Accumulation and Breakdown of the Capitalist System, Being also a Theory of Crises was Henryk Grossman’s most important, influential, and also most denounced work. As official Communist economic thought was petrifying,to comply with the needs of the Stalinist state in Russia, Grossman’s book challenged the developing dogma. Combining Marx's method and insights with a comprehensive assessment of the very substantial literature on crisis theory, Grossman demonstrated how the capitalist system, even under supposedly ideal conditions,will break down economically. Grossman’s recovery of Marx’s explanations for capitalism’s crises and tendency to break down is as timely as ever, and thanks to Jairus Banaji and Rick Kuhn, this wonderful, first full English translation is now available.
The Law of Accumulation is the third of four volumes of Grossman's works.
Henryk Grossman (1881-1950) was the preeminent Marxist economist of the twentieth century. He was the founding theoretician and secretary of the Jewish Socialist Party of Galicia; a Professor at the Free University of Warsaw; then, as a member of the Institute for Social Research, at the University of Frankfurt; and later at the University of Leipzig.
Rick Kuhn is a member of Socialist Alternative in Australia. In addition to numerous other publications, he wrote the Deutscher Prize winning biography Henryk Grossman and the Recovery of Marxism (University of Illinois Press, 2008), co-authored Labor's Conflict: Big Business, Workers and the Politics of Class (Cambridge, 2011) and edited Class and Struggle in Australia (Pearson, 2005).
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