Rosa Luxemburg: Theory of Accumulation and Imperialism by Tadeusz Kowalik (auth.)
By Tadeusz Kowalik (auth.)
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Additional resources for Rosa Luxemburg: Theory of Accumulation and Imperialism
Example text
Proclaiming the decisive victory of the Russian legal Marxists in the dispute with the Narodniks, Rosa Luxemburg added that ‘in the heat of battle, all three – Struve, Bulgakov and Tugan-Baranovsky – overstated their case. The question was whether capitalism in general, and Russian capitalism in particular, is capable of development; these Marxists, however, proved this capacity to the extent of even offering theoretical The Russian Dispute over Markets 33 proof that capitalism can go on for ever’ (p.
The most prominent economic theorists belonging to the reformist strand of the Narodnik movement developed the pioneering concept of non-capitalist development of underdeveloped countries. At the root of this idea lay a specific theory of markets (realization), related to Rosa Luxemburg’s theory of accumulation. In a collection of essays published in 1882 entitled Sud’by kapitalizma v Rossii1 Vasiliy P. Vorontsov (1847–1918) outlined his views on three fundamental issues: 1. The relationship between the development of capitalism and foreign markets; 2.
Classical political economy proceeded in this way from Smith to Marx. In contrast, ‘the approach of vulgar economics always attempts to solve the problem of value by reference to fluctuations in demand and supply’ (p. 8). The scientific approach to the problem of value begins precisely where demand and supply cease to operate. The same applies to the issue of the reproduction of aggregate capital. Just as in the analysis of value one has to assume demand and supply equilibrium, so, in analysing the laws of reproduction, a certain average, obtained as a mean of all the phases of a cycle, needs to be assumed.