Trotskyism’s Latest Sortie

L. Kasharsky


In January and February 1932 the Institute of Economics of the Leningrad branch of the Communist Academy held meetings on the Trotskyist Theory on Imperialism (already translated and published in RD in April 2016) and the Universal Crisis of Capitalism. Here we publish the contribution of L. Kasharsky in this conference in which the author evaluated the recently published book by E.A. Preobrazhensky ‘The Decline of Capitalism’ which had been published in Moscow in 1931. (An English translation of this book was published in 1985: E.A. Preobrazhensky, ‘The Decline of Capitalism’, translated and edited with an introduction by Richard B. Day, M. E. Sharpe, Inc. Armonk, New York). Kasharsky argues that Preobrazhensky breaks with Marx and Lenin on a range of issues of political economy, on the crisis of capitalism, on the theory of reproduction of Marx, a rejection of Lenin’s theory of imperialism, particularly of the theory of uneven development under imperialism and is heavily influenced by the theories of Karl Kautsky, Hilferding, Trotsky and Luxemburg. This paper, as that of V. Serebryakov published earlier in this journal, shows the valuable literature on political economy which was occluded after the 20th Congress of the CPSU.

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