Henryk Grossman Works, Volume 3: The Law of Accumulation and Breakdown of the Capitalist System, Being also a Theory of Crises

The Law of Accumulation and Breakdown of the Capitalist System, Being also a Theory of Crisis was Henryk Grossman’s most important, influential, and also the most denounced of the preeminent economist’s works. In a moment when Marxist economic thinking was beginning to calificy around the needs of official Soviet political policy-with the Comintern uplifting theories that proved the possibility of stability and allowed for accommodation-Grossman’s opus would come to be seen as a challenge to the developing orthodoxy.

Through a careful analysis of classical political economy, combined with his own economic modelling and the rediscovery of Marx’s method in Capital, Grossman illustrates how the capitalist system, even when operating under supposedly ideal conditions, will by its own logic run into economic breakdowns. Grossman’s recovery of Marx’s own explanations for capitalism’s crises and breakdown tendency is as timely as ever, and thanks to the wonderful translation by Rick Kuhn, is now available for the first time to English readers.

This is the third volume in a substantial multi-volume reference work collecting and translating all of Grossman’s writings.