The Crises of Capitalism: A Different Study of Political Economy by Saral Sarkar, Hardcover | Barnes & Noble
The Crises of Capitalism: A Different Study of Political Economy

The Crises of Capitalism: A Different Study of Political Economy

by Saral Sarkar
     
 

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The Crises of Capitalism exists at the intersection of environmental awareness and economic theory. Sarkar challenges predominant explanations for catastrophic events like the 2008 global economic crisis, revises the classic paradigm of growth, and points to evidence of systemic economic failure. In this provocative, revolutionary criticism, Sarkar suggests that

Overview

The Crises of Capitalism exists at the intersection of environmental awareness and economic theory. Sarkar challenges predominant explanations for catastrophic events like the 2008 global economic crisis, revises the classic paradigm of growth, and points to evidence of systemic economic failure. In this provocative, revolutionary criticism, Sarkar suggests that like other long-abandoned systems (with their theories), capitalism (with its theories) has reached its limits.

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Praise for The Crises of Capitalism

"For those who passionately believe that innovation can no longer prolong capitalism, that the end of the Oil Age is near, that dwindling resources and today’s dangerously unstable economic moment point to “ecological socialism as the only convincing alternative,” Sarkar’s text supplies the requisite theoretical scaffolding" —Kirkus

Kirkus Reviews
A prominent eco-socialist explains why capitalism is doomed. Sarkar (Eco-Socialism or Eco-Capitalism?, 1999, etc.) casts himself as not merely a reformer of capitalism, but rather a radical who believes no amount of tinkering will prop up a capitalist system that's come up against the twin killers of global warming and the imminent depletion of vital, nonrenewable natural resources. Neither of these developments, he insists, could have been foreseen either by the defenders of capitalism or its fiercest critics. Focusing primarily on the 20th century, the author engages in a critique of the theories of prominent economic commentators, carefully distinguishing the historical crises in capitalism--the Great Depression, the mid-'70s stagflation, the disruptions caused by globalization, the Great Recession of 2008--from the crisis of capitalism, the system's inevitable collision with the newly appreciated fact of finite resources. He intends this manifesto for general readers interested in political-economic issues, economists open to a new critique of political economy and, primarily, for well-meaning activists who require theoretical clarity and objective knowledge to abandon the illusions and false theories that have heretofore hobbled them. Sarkar refers to fellow activists as comrades, but there's nothing friendly about the turgid, relentlessly donnish prose (to be fair, the text is translated from the German) that carries his argument. It's difficult to imagine those already converted to Sarkar's worldview casually picking up this tome for guidance. Still, for those who passionately believe that innovation can no longer prolong capitalism, that the end of the Oil Age is near, that dwindling resources and today's dangerously unstable economic moment point to "ecological socialism as the only convincing alternative," Sarkar's text supplies the requisite theoretical scaffolding so dear to the academy. Strictly for graduate school seminars.

Product Details

ISBN-13:
9781619020061
Publisher:
Counterpoint Press
Publication date:
08/28/2012
Pages:
224
Product dimensions:
8.90(w) x 6.20(h) x 1.30(d)

Meet the Author


Saral Sarkar was a lecturer at the Goethe Institute, Hyderabad, and is a leading proponent of ecosocialism. He has published several works including Green-Alternative Politics in West Germany and Eco-Socialism or Eco-Capitalism?: A Critical Analysis of Humanity's Fundamental Choices.

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