The free market can no longer be trusted to bring prosperity. The financial market has had to be rescued by socialisation. The problem is the greed of bankers and speculators, and a lack of sufficient regulation. These are the opinions of world leaders and finance ministers. But there have been no analyses of the deep-seated and fundamental problems of the capitalist system.
Geoff Pilling, leading Marxist theoretician makes just such analyses in this collection of essays, which he was preparing for publication before his death in 1997. In an essay remarkably prescient of todays situation, he analyses the crises of post-war capitalism. Other essays in the book explain fundamental concepts of Marxs analysis of capitalism, their irreconcilability with Keyness theoretical system, and refute the contention that all Marxist theoretical development post-Marx was distorted by Stalinism. Pilling also shows how problems in British capitalism were the forerunners of those in world capitalism. And he defends Engelss contention that the greatest significance of the industrial revolution was the development of a working class that was forced to fight against its conditions of oppression.
Geoff Pilling s work shows that Marxist theory is relevant to those struggling to understand the problems of capitalist society today, and that the work not only of Marx and Engels but also that of later Marxist theorists, including Lenin is worth studying. It also shows that to understand the problems of todays society needs more than narrow specialist economic analysis, but a deep awareness of current developments in society.
Geoff Pilling
Geoff Pilling was a prominent political economist who devoted his life to the achievement of socialism and a truly human society. Geoff taught Economics at Sheffield and Bradford Universities and at Middlesex Polytechnic (later University), where he developed an MA in Political Economy and was awarded a readership. In addition to a distinguished academic career, in which he published several books, he was a prolific writer in the left-wing press, including Labour Review, Fourth International, Workers Press and the Dockers Charter. He sadly died in 1997.
Doria Pilling was Geoffs wife and is an Honorary Senior Fellow at the School of Health Sciences at City University London, UK.
First published 2012
by Routledge
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Simultaneously published in the USA and Canada
by Routledge
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Routledge is an imprint of the Taylor & Francis Group, an informa business
2012 selection and editorial material, Doria Pilling;
The right of Doria Pilling to be identified as the author of the editorial
material, has been asserted in accordance with sections 77 and 78 of the
Copyright, Designs and Patents Act 1988.
All rights reserved. No part of this book may be reprinted or reproduced or
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British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library
Library of Congress Cataloging in Publication Data
Pilling, Geoffrey.
Marxist political economy: essays in retrieval: selected works of Geoff
Pilling/by Geoff Pilling; edited by Doria Pilling.
p. cm.
1. Capitalism 2. Marxian economics. I. Title.
HB501.P437 2012
335.412dc23
2012002307
ISBN 978-0-415-67852-0 (hbk)
ISBN 978-0-203-10723-2 (ebk)
Contents
BEN FINE
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KEITH GIBBARD
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| DORIA PILLING, KAzUTO IIDA, DOT GIBSON, FARUK IBRAHIMOVIC
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Capitalisms latest global crisis and slump have made Geoff Pillings work newly relevant. His essays on value and crisis, and on Marx vs. Keynes and Marx vs. Sraffa, that are brought together here are especially timely. Keith Gibbards intellectual biography of the author, which introduces the volume, is lucid and masterful. One of the foremost contributors to the revival of the Marxian critique of political economy a generation ago, Pilling carried forward a tradition that did not divide theory from practice or economics from philosophy. And his precise, accurate scholarship remains a model; he understood well that one must get Marx right before judging whether Marx got it right. As someone who learned a lot from him, I highly recommend this book.
Andrew Kliman, author of Reclaiming Marxs Capital: A Refutation of the Myth of Inconsistency and Professor of Economics at Pace University
New York,USA
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