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Book Review: Deciphering Capital: Marx’s Capital and its Destiny by Alex Callinicos
Callinicos's analysis of Marx’s relevance is worth deciphering, writes JOHN MOORE

 

Deciphering Capital is a scholarly contribution to the renewed discussion of Marxist political economy stimulated by today’s capitalist crisis.

As its author Alex Callinicos makes clear, Marx’s basic theory of crisis was of competitive overproduction in relation to the limits of the market —  “the restricted consumption of the masses” —  but this was by no means a terminal failure. 


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