Marx, Uno and the Critique of Economics

This challenging book induces us to rethink how and why dominant neo-classical economics fails to present correct problems and solutions for really existing capitalism. It demonstrates how and why Kozo Uno…restructured political economy with three levels of research: principles of political economy based upon Marx’s Book Capital, stages theory of capitalist development utilizing Lenin’s Imperialism, and concrete analyses of capitalism since the first world war. Sekine explains why the contemporary economy is mired in an era of ex-capitalist transition and offers policy recommendations for building really feasible socialism. - Makoto Itoh, Professor Emeritus of the University of Tokyo, and a member of the Japan Academy If the Nobel Prize in economics was genuinely awarded for revolutionizing economic science Thomas T. Sekine would have been one of its recipients. - Richard Westra, Author of Economics, Science and Capitalism This unique book, written in a question and answer style, brings to life the work of the world’s foremost Marxian economist Thomas T. Sekine on the scientificity of Marx’s project in Capital, its applicability to navigating world-historic change across capitalist stages of development and what Marxian economics teaches us about building viable future historical societies. Sekine, a student and follower of Marxist Kozo Uno, argues that capitalism neither constitutes the end of history nor does its overthrow await socialist revolution. Rather, based upon its own historical delimitations capitalism, following World War I and the Great Depression of the 1930s, has entered a period of disintegration. Grounded on a scathing critique of bourgeois economics in all its forms, Sekine exposes the futility of bourgeois policy interventions attempting to revive capitalism. This book will be of interest to economists in both the mainstream and heterodox schools, and those broadly interested in the history of economic thought. Thomas T. Sekine received his Ph.D. at LSE in 1966. For 26 years he taught economics at York University, Canada. He completed his teaching career as Director of the International Research Center, Aichi Gakuin University, Japan.