Ernest Mandel theorised the capitalist world economy as an articulated system of capitalist, semi-capitalist and precapitalist relations of production, linked to each other by capitalist relations of exchange and domination by the capitalist world market. This seems to be an interesting starting point for an historically well-founded theory, building on and going beyond Marx's work, of the worldwide expansion of the capitalist mode of production from its origins to the present. In his attempt to formulate his theory, Mandel did not (...) succeed in resolving all difficulties, however. His main works – Marxist Economic Theory and Late Capitalism – show a number of dangling loose ends. The central question is whether these loose ends are merely technical difficulties or whether they reveal fatal flaws in the theory as a whole. In order to come a step closer to answering this question, a conference was organised in Amsterdam, November 2003. This introduction formulates the five, closely interrelated issues that were highlighted at this conference. (shrink)

Ernest Mandel theorised the capitalist world economy as an articulated system of capitalist, semi-capitalist and precapitalist relations of production, linked to each other by capitalist relations of exchange and domination by the capitalist world market. This seems to be an interesting starting point for an historically well-founded theory, building on and going beyond Marx's work, of the worldwide expansion of the capitalist mode of production from its origins to the present. In his attempt to formulate his theory, Mandel did not (...) succeed in resolving all difficulties, however. His main works – Marxist Economic Theory and Late Capitalism – show a number of dangling loose ends. The central question is whether these loose ends are merely technical difficulties or whether they reveal fatal flaws in the theory as a whole. In order to come a step closer to answering this question, a conference was organised in Amsterdam, November 2003. This introduction formulates the five, closely interrelated issues that were highlighted at this conference. (shrink)

Between 1940 and 1980, Ernest Mandel studied many aspects of capitalism. With his magna opera, Traité d'économie marxiste and Der Spätkapitalismus he had a great impact on the social movements which emerged in the 1960s and 1970s of the last century. This article attempts to unravel the story of the development of Mandel's economic historical work. It follows the search for the synthesis of late capitalism, positions Mandel in the Marxist tradition and looks for what was innovative in his contributions. (...) The Traité d'economie marxiste was a provocative experiment. The author shows how Mandel replaced history into the core of Marx's economic theory and how he supersedes Eurocentrism by independently asking for attention for Asia, Africa, the Islamic World and pre-Columbian America. Mandel worked on Der Spätkapitalismus for more than ten years. The article shows how Mandel rehabilitated the forgotten 'long-wave theory', which enabled him to offer an explanation for the exceptional postwar expansion, but also made him predict the end of the 'golden days of capitalism'. The study was completed in 1972 in a turbulent West Berlin, where as visiting professor at the leading Otto-Suhr-Institut für Politikwissenschaft he defended his vision in lively debate with students and confrères and where the last theoretical differences were ironed out. (shrink)

Although neither Marx nor Engels attempted a systematic analysis of the development of merchant capitalism in 17th-century Holland, both did mention this "model capitalist nation" in their writings. Their analysis stressed that Dutch capitalism was based on the exploitation of non-capitalist forms of production, and that the decline of the Dutch Republic in the 18th century was the history of the subordination of commercial capital to industrial capital. Since the turn of the century Dutch Marxists have contributed substantially to this (...) classical analysis, paying much attention to the Dutch Revolt against Spain, which they considered as an early bourgeois revolution led by aristocrats. Nowadays Marxist historians seem to be divided as to the nature of the Dutch Republic: was it a "feudal business economy" or the first appearance of a full-fledged capitalism? A necessary conclusion seems to be that the realities of Dutch history call for a non-unilinear Marxist interpretation. (shrink)

How did Rosa Luxemburg, in herThe Accumulation of Capitaland other writings, analyse the development of the working class and other subordinate classes under capitalism, and how did she view the relationship between these classes and those living in ‘natural economic societies’? Following primary sources closely, the present essay reconstructs and evaluates Luxemburg’s class analysis of global society. It is shown that Luxemburg pioneered a truly global concept of solidarity from below, including the most oppressed – women and colonised peoples.