Karl Marx and His "Capital": From the 19^th to the 21^st Century

The article analyzes the destiny of Marx's theoretical legacy as presented in his major work - "Capital". The author discusses the development of Marxist theory in the 20^th century shows the specific features of Marxist economic science today and explicates the influence of recent interpretations of Marx's economics on the current state of Marxism. The paper describes the status of Marxist theory in the modern economic science. The author analyzes the forecasts of the transition from the industrial society to the post-industrial one which may be found in the works of Marx and argues for their relevance for the 21^st century.

R. NUREEV

Karl Marx's Legacy: The Historical Overview

The article is devoted to the history of reception and interpretation of the ideas of Marx and Engels. The author considers the reasons for divergence between Marxist and neoclassical economic theories. He also analyzes the ways of vulgarization of Marx's theory and the making of Marxist voluntarism. It is shown that the works of Marx and Engels had a certain potential for their over-simplified interpretations. The article also considers academic ("Western") Marxism and evaluates the prospects of Marxist theory in the future.

A. BUZGALIN, A. KOLGANOV

"Capital" in the XXI Century: Pro et Contra

The article shows that "Capital" gives the key for the understanding of the anatomy of both classical and modern market economy. "Capital" is relevant as such for the analysis of the classical features of market economy which still exists. Critical dialectical method of "Capital" has helped to develop critically Marxist theory according to the changes in the economy. Analysis of production relations helps to show historical limits of market, changes in the property actuality of old and new contradictions of capital. The article argues for special actuality of "Capital" for Russia; marks the problems which have not yet been solved within the framework of modern Marxism; critically considers dogmatic anti-Marxism which has become very popular among modern scholars and students.

E. O. Wright

What is Analytical Marxism?

The paper written by a famous sociologist, one of the main advocates of analytical Marxism, analyzes this school of social and economic thought which emerged in the end of the 1970s. The author briefly outlines the history of analytical Marxism and explicates its distinctive characteristics which distinguish it from both neoclassical tradition and different heterodox schools of thought. The paper also shows the connections between analytical Marxism and Marxist theory. The author discusses modern interpretations of Marx's conceptions and the influence of analytical Marxism on contemporary social and economic thought.

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