Abstract

Grossman’s first major, published study of Marxist economic theory was a devastating critique of Fritz Sternberg’s ambitious and long book, Imperialism. The article exposed the way Sternberg failed to grasp Marx’s method and basic economic arguments, and drew impatient revolutionary conclusions from assumptions of anti-revolutionary revisionism. It also outlined Grossman’s own recovery, restatement and elaboration of features of Marx’s economic analysis, and Lenin’s conception of workers’ revolution. This abridgement consists of the first three sections of the article. An introduction to Grossman’s article is published simultaneously.