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Pavel V. Maksakovsky

The Capitalist Cycle is a translation of a previously unknown work in Marxist economic theory. Originally published in 1928, this rediscovered work is one of the most creative essays witten by a Soviet economist during the first two decades after the Russian Revolution. Following the dialectic of Hegel and Marx, Maksakovsky aims to provide a 'concluding chapter' for Marx's Capital. The book examines economic methodology and logically reconstructs Marx's analysis into a comprehensive and dynamic theory of cyclical economic crises. The introductory essay by Richard B. Day situates Maksakovsky's work within the Hegelian and Marxist philosophical traditions by emphasizing the book's dialectical logic as well as its contribution to economic science.
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Table of Contents

Translator's Introduction: Maksakovsky's The Capitalist Cycle Pavel V. Maksakovsky The Capitalist Cycle: An Essay on the Marxist Theory of the Cycle Foreword by A.S. Mendel'son Introduction 1. Methodological Foundations of the Theory of the Conjuncture 2. The General Theory of the Cycle 3. The Role of Credit in the Conjuncture 4. The Problem of Crises in the Works of Marx 5. In Place of a Conclusion Bibliography Index

About the Author

Brigitte Stern is Professor at the University Paris 1, Pantheon Sorbonne and at the Graduate Institute of International Studies in Geneva, as well as director of CERDIN, the Centre of International Law at Paris I. Helene Ruiz Fabri is Professor at the University Paris 1, Pantheon Sorbonne and member of the Institute of France.

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