Reinventing Marxism

The collapse of the Soviet Union provides economist Howard Sherman the opportunity to re-evaluate Marxism as an alternative to conventional pro-capitalist perspectives. Arguing that Soviet Marxism distorted Marxian thought, Sherman acknowledges that Marxism must move beyond its traditional Soviet formulation. What is needed, he writes, is a new, critical Marxism that is integral to a radical political economy--a Marxism that sees society as an organic whole, dependent upon an integrated set of relationships.

Howard J. Sherman is professor of economics at the University of California, Riverside. His many books include The Business Cycle: Growth and Crisis in Capitalism, and Foundations of Radical Political Economy.