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Overview
By distinguishing between classical Marxist and neo-Marxist approaches to imperialism, this volume challenges generally accepted views on the relationship between these two branches of Marxist thought, reaffirming the principles and tools of fundamental Marxism as essential for understanding and explaining the internationalization of capitalist economic life. Together, original source materials and Polychroniou's highly readable analysis present a commentary both outlining and clarifying essential ideas contained in Marxist writings from the late 19th century to the present. Marxist Perspectives on Imperialism also identifies current political and economic issues to which authentic Marxist concepts can be applied.
A review of Marx's views on capitalist production relations and expansion opens the discussion and defines criteria for evaluating analyses which follow. Studies by classical Marxists such as Hilferding, Bukharin, and Lenin are then contrasted to the neo-Marxist writings of Baran, Frank, and Wallerstein, among others. Polychroniou's defense of orthodox Marxism strengthens as he turns his attention to the practical uses of Marxist ideology to topics of international concern. His conclusions clarify a complex topic and provide political economists, sociologists, and political scientists with a clear explanation of the theoretical and methodological contours of Marxist thought on capitalist imperialism.