The Last Phase in the Transformation of Capitalism

Contents: Introduction. Preface. 1. Stimulating the business upswing in Nazi Germany 1935. 2. Political aspects of full employment 1943. 3. The economic situation in the United States as compared with the pre war period 1956. 4. The fascism of our times 1964. 5. Vietnam and U.S. big business 1967. 6. Intermediate regimes 1966.

This volume includes six essays the first dating from 1935 and the last from 1967 by one of the outstanding economists of our time. The economics presented in this volume is political economy worthy of the name: a discipline which shows us the social relations in particular the class and group conflicts behind the economic quantitative relations. Michal Kalecki as Joan Robinson has pointed out anticipated the Keynesian system from a training in the field of Marxist economics. The translation to English was executed by the author himself just before his death in April 1970.