Abstract

Tony Smith Philosophy, Iowa State University Robert Brenner‟s recent monograph on the economics of global turbulence has renewed interest in one of the most important topics in Marxian thought, the theory of crisis tendencies in capitalism.1 In their introduction to Brenner‟s monograph the editors of The New Left Review praise him as a worthy successor to Marx in the strongest possible terms. In the eyes of a number of critics, however, Brenner is guilty of a major betrayal of Marx‟s legacy. In Michael Lebowitz‟s view, for instance, Brenner should now be seen as a disciple of Adam Smith, not Karl Marx, while Fine, Lapavitsas, and Milonakis refer to Brenner‟s position as “a distinctly non-Marxist perspective.”.