The Law of Accumulation and Breakdown of
the Capitalist System, Being also a Theory of Crisis was Henryk Grossman’s most important, influential, and also most denounced work. As official Communist
economic thought was petrifying,
to comply with the needs of the Stalinist
state in Russia, Grossman’s book
challenged the developing dogma. Combining Marx's method and insights with a
comprehensive assessment of the very substantial literature on crisis theory, Grossman demonstrated how the capitalist system, even under supposedly ideal conditions,
will break down economically. Grossman’s recovery of Marx’s explanations for capitalism’s crises and tendency
to break down is as timely as ever, and thanks to Jairus Banaji and Rick
Kuhn, this
wonderful, first full English
translation is now available.

The Law of Accumulation is the third of four volumes of Grossman's works.