Karl Marx Capitalism

This book explores the ideas of nine renowned economists to present the evolution of economic thought on the development and trajectory of capitalism as a system. The author shows how this diverse group of thinkers are linked by their thinking on the future role of capitalism in society and fleshes out the influences informing each economist’s work. With chapters dedicated to Karl Marx, Joseph Schumpeter, Thorstein Veblen, Henry George, Gunnar Myrdal, Alfred Marshall, Allyn Young, J. M. Keynes and Amartya Sen, the book aims to analyse contrasting views on the future of capitalism in historical perspective and make a critical assessment of their insights in contemporary contexts.

Karl Kautsky was, for three decades before the First World War, the main authority on the intellectual heritage of Marx and Engels, the founding fathers of Marxism. His interpretation of Marx s Capital and the basic laws and contradictions of capitalism was the standard reference point for both the foes and allies of Social Democracy.