Twenty-First-Century Capital: Critical Post-Soviet Marxist Reflections

How would Marx have understood twenty-first-century capitalism? For Buzgalin and Kolganov, the answer lies in a theoretical investigation of how and why the fundamental elements of capitalism commodities, money and capital have changed since the publication of Marxs Capital more than 150 years ago.

Introducing the concepts of social creativity, markets for simulacra and virtual fictitious capital Buzgalin and Kolganov offer a recovery and development of Marxs understanding of social transformations. Twenty-first century capitalism not only demonstrates Marxisms relevance to the core economic questions of our time and its superiority over neoclassical economics, but it leads English-language readers into the undiscovered country of Soviet and post-Soviet critical Marxism.

How might modern Marxism respond to the contemporary challenges of the commodification of knowledge and information? And can it arrive at something resembling a Capital for the twenty-first century? This accessible and comprehensive account is essential reading for those wanting to understand the problems of the modern economy.