Contribution To Theory
While at Frankfurt in the mid-1920s, Grossman contended that a "general tendency to cling to the results" of Marx's theory in ignorance of the subtleties of "the method underlying Capital" was causing a catastrophic vulgarisation of Marxian thought - a trend which was undermining the revolutionary possibilities of the moment.
The Law of Accumulation was his attempt to demonstrate that Marxian political economy had been underestimated by its critics - and by extension that revolutionary critiques of capitalism were still valid. Amongst other arguments, it sets forth the following demonstration (for a complete definition of the terms employed, the whole book is recommended):
Read more about this topic: Henryk Grossman
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