In this lecture, Radhika Desai removed the layers of misunderstanding that have plagued Marx’s Capital Volume II thanks to the capitulation of so many Marxists to neoclassical economics. It explains this capitulation and goes on to discuss the following questions:
- What is Vol II about? Why is it so fundamentally misinterpreted in Western Marxism?
- Why does it matter?
- What does Marx really say about the question of demand? Does Vol II endorse Say’s Law, even in its ‘productivist’ form where it’s only a question of proportions?
- Rosa Luxemburg’s battle against ‘pure capitalism’ and for an understanding of the intimate relationship between capitalism and imperialism.
You can download her presentation slides here: why-vol-ii-is-so-radically-misunderstood.