Waistline2 The structural link between capital and imperialism was actually written about by the economist Mr. Henry CK Liu. This is not to say that Lenin should not be read, but for those who used Lenin regularly as a guide, this long article is enlightening. Henry is an accomplished economist and investor and extremely schooled in the writing of Lenin and Marx Capital. This is not to kowtow to Mr. Liu but simply to acknowledge the obvious and give forewarning.
Dig how Henry attacks the subject of the structural link between capitalism and imperialism in part 1, which is called "the structural link." Quote. "The structural link between capitalism and imperialism was first observed by John Atkinson Hobson (1858-1940), English economist, who wrote in 1902 an insightful analysis of the economic basis of imperialism. Hobson provided a humanist critique of neoclassical economics, rejecting exclusively materialistic definitions of value. With Albert Frederick Mummery (1855-1895), the great British Mountaineer who was tragically killed in 1895 by an avalanche whilst reconnoitering the Rakhiot Face of Nanga Parbat, an 8,000-meter Himalayan peak, Hobson wrote The Physiology of Industry (1889), which argued that an industrial economy requires government intervention to maintain stability, and developed the theory of over-saving that was given an overflowing tribute by John Maynard Keynes three decades later. http://www.henryckliu.com/page143.html ^^^ CB: Lenin credits Hobson as originating the imperialism thesis. He also draws heavily upon the German Marxist economist Hilferding. ^^^ Quote. This message has been scanned for malware by SurfControl plc. www.surfcontrol.com _______________________________________________ Marxism-Thaxis mailing list [email protected] To change your options or unsubscribe go to: http://lists.econ.utah.edu/mailman/listinfo/marxism-thaxis
