"One of the major contributions of the last decade to Marxist economics." - Choice

Late Capitalism is the first major synthesis to have been produced by the contemporary revival of Marxist economics. It represents, in fact, the only systematic attempt so far ever made to combine the general theory of the 'laws of motion' of the capitalist mode of production developed by Marx with the concrete history of capitalism in the twentieth century. A landmark in Marxist economic literature, Late Capitalism is specifically designed to explain the international recession of the 1970s and is an invaluable guide to understanding the nature of the world economy today. This edition includes a new introduction by Cédric Durand assessing the book's continued relevance.

"Late Capitalism is the answer to how Marx might view the complex economic phenomena of the 1970s. It is sophisticated, well written, impressively documented. This volume is, indeed, one of the major contributions of the last decade to Marxist economics." - Choice

"Late Capitalism represents a significant advance for Mandel. A notable feature of his book is an attempt to revive and critically reassess the theory of 'long waves' normally associated with such writers as Kondratieff." - The Economic Journal

"I recommend this book for the grandeur of its vision, and for its innumerable, suggestive hypotheses which might lead future investigators towards fruitful research in many areas." - Contemporary Sociology

"Mandel's book is a serious and scholarly effort." - Journal of Modern History