Henryk Grossman Works, Volume 1 Historical Materialism Book Series

Henryk Grossman Works, Volume 1 Historical Materialism Book Series Editorial Board Sébastien Budgen (Paris) David Broder (Rome) Steve Edwards (London) Juan Grigera (London) Marcel van der Linden (Amsterdam) Peter Thomas (London) volume 170 The titles published in this series are listed at brill.com/hm Henryk Grossman Works Volume 1 Essays and Letters on Economic Theory By Henryk Grossman Edited and Introduced by Rick Kuhn Translated by Dominika Balwin, Ian Birchall, Ben Fowkes, Joseph Fraccia, Julian Germann, Rick Kuhn, Geoffrey McCormack, David Meienreis, Einde O’Callaghan, Tom O’Lincoln, Nick Reynolds and Frank Wolff LEIDEN | BOSTON Library of Congress Cataloging-in-Publication Data Names: Grossmann, Henryk, 1881–1950, author. | Kuhn, Rick, 1955- editor. Title: Henryk Grossman works : essays and letters on economic theory / by Henryk Grossman ; edited and introduced by Rick Kuhn ; translated by Dominika Balwin [and eleven others]. Description: Leiden ; Boston : Brill, [2018] | Series: Historical materialism book series, ISSN 1570-1522 ; volume 170 | Includes bibliographical references and index. Identifiers: LCCN 2018042450 (print) | LCCN 2018044038 (ebook) | ISBN 9789004384750 (ebook) | ISBN 9789004384743 (hardback : alk. paper) Subjects: LCSH: Economics. | Capitalism. | Marxian economics. Classification: LCC HB71 (ebook) | LCC HB71 .G83 2018 (print) | DDC 335.4–dc22ß LC record available at https://lccn.loc.gov/2018042450 Typeface for the Latin, Greek, and Cyrillic scripts: “Brill”. See and download: brill.com/brill‑typeface. ISSN 1570-1522 ISBN 978-90-04-38474-3 (hardback) ISBN 978-90-04-38475-0 (e-book) Copyright 2019 by Rick Kuhn. Published by Koninklijke Brill NV, Leiden, The Netherlands. Chapter 30, ‘The Evolutionist Revolt against Classical Economics’ originally appeared in two parts as ‘The Evolutionist Revolt Against Classical Economics: I. In France – Condorcet, Saint-Simon, Simonde de Sismondi’ and ‘The Evolutionist Revolt Against Classical Economics: II. In England – James Steuart, Richard Jones, Karl Marx’, by Henryk Grossman in Journal of Political Economy 51, no. 5 and 6, University of Chicago Press. © 1943, Journal of Political Economy, The University of Chicago Press. Published by Koninklijke Brill NV, Leiden, The Netherlands. Koninklijke Brill NV incorporates the imprints Brill, Brill Hes & De Graaf, Brill Nijhoff, Brill Rodopi, Brill Sense, Hotei Publishing, mentis Verlag, Verlag Ferdinand Schöningh and Wilhelm Fink Verlag. All rights reserved. No part of this publication may be reproduced, translated, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission from the publisher. Authorization to photocopy items for internal or personal use is granted by Koninklijke Brill NV provided that the appropriate fees are paid directly to The Copyright Clearance Center, 222 Rosewood Drive, Suite 910, Danvers, MA 01923, USA. Fees are subject to change. This book is printed on acid-free paper and produced in a sustainable manner. Contents Acknowledgements ix Introduction 1 Rick Kuhn 1 The Fortieth Anniversary of Capital 42 2 The Theory of Economic Crisis 44 3 The Economic System of Karl Marx (on the Fortieth Anniversary of His Death) 50 4 Simonde de Sismondi and His Economic Theories (a New Interpretation of His Thought) 55 5 A New Theory of Imperialism and the Social Revolution 120 6 Review of Othmar Spann, The Principal Theories of Economics 177 7 Review of Maurice Bourguin, Socialist Systems and Economic Evolution 182 8 The Change in the Original Plan for Marx’s Capital and Its Causes 183 9 Notes for ‘Response to Criticisms of the Principle Work’ 210 10 Letters to Frieda and Paul Mattick 226 11 Gold Production in the Reproduction Schema of Marx and Rosa Luxemburg 276 12 The Value-Price Transformation in Marx and the Problem of Crisis 304 13 Fifty Years of Struggle over Marxism 1883–1932 332 vi contents 14 Letters to Leo Löwenthal 389 15 Letters to Max Horkheimer 400 16 Sismondi, Jean Charles Leonard Simonde de (1773–1842) 439 17 Review of Élie Halévy, Sismondi 443 18 Review of Robert Bordaz, Marx’s Law of Capitals in Light of Contemporary Events 444 19 Contributions to a Seminar Series on Monopoly Capitalism 446 20 Review of G.N. Clark, Science and Social Welfare in the Age of Newton, and George Sarton, The History of Science and the New Humanism 450 21 Review of Karl Marx and Friedrich Engels, The Civil War in the United States 455 22 Review of F. Grandeau, The Theory of Crises 461 23 Review of Cleona Lewis, America’s Stake in International Investments 462 24 Review of Jürgen Kuczynski, Hunger and Work 465 25 Review of L.P. Ayres, Turning Points in Business Cycles 467 26 Marx, Classical Political Economy and the Problem of Dynamics 469 27 Review of Josef A. Schumpeter, Business Cycles: A Theoretical, Historical and Statistical Analysis of the Capitalist Process 534 28 Review of Solomon Fabricant, The Output of Manufacturing Industries 1899–1937 546 29 Review of Lynn Thorndike, A History of Magic and Experimental Sciences 549 contents vii 30 The Evolutionist Revolt against Classical Economics 556 31 William Playfair, the Earliest Theorist of Capitalist Development 600 32 Letters to Bill Blake and Christina Stead 624 33 Letters to Walter Braeuer 633 References 639 Index and Abbreviations 684 Acknowledgements Sandra Bloodworth, Tom Bramble, Günther Chaloupek, Liam Dee, Daniel Gaido, Andrew Gilbert, Ben Hillier, Peter Jones, John King, David Mayer, Fred Moseley and Thomas Weiss offered valuable comments on or advice for drafts of essays related to the introduction to this volume or issues encountered in editing Grossman’s writings. I am grateful to Daniel Gaido, David Paenson, Geoff McCormack and the staff of the Archive of the Polish Academy of Sci- ences for access to materials. The translation of Marx, Classical Political Eco- nomy and the Problem of Dynamics benefitted from reference to previous trans- lations by Pete Burgess and Paul Mattick Jr. The Australian National University provided funding and other support for the project of which this book forms a part. My partner Mary Gorman, especially, as well as close friends and Socialist Alternative comrades continue to provide emotional and intellectual support for my Grossmaniac endeavours. Introduction Rick Kuhn On May Day 1905, Jacob Bros announced the formation of the Jewish Social Democratic Party to a rally of striking workers and other socialists in Kraków. Marching to join the rally organised by the Polish Social Democratic Party, the Jewish demonstrators’ ranks had grown to over 2,000. Events were similar in Lviv, Przemyśl, andTarnów. Henryk Grossman, a 24-year-old university student, was the principal author of the new organisation’s manifesto, wrote an earlier pamphlet justifying the self-organisation of Jewish workers, and became the JSDP’s founding secretary and principal theoretician.1 He already had years of experience leading students and workers in associations and trade unions asso- ciated with the PPSD in Galicia, the Polish province of the Austro-Hungarian Empire. From his first publications, as a leader of Jewish workers, through to his later academic works, Grossman was concerned to make the Marxist case for revolutionary working-class action. His investigations dealing primarily with economic theory and brought together here for the first time were always linked to this end. Most of Grossman’s works in this volume were first translated into English in the course of a broader project of making them more readily accessible. Three further volumes will contain his more politically focused writings, studies in economic history, and the first full translation of his The Law of Accumulation and Breakdown of the Capitalist System. His main contributions to the history of science have already been published together.2 All of Grossman’s letters, written after World War I, and reviews included in the project are in the current volume, even when their primary concerns are not economic theory. The first substantive part of this Introduction outlines Grossman’s life and the content of his writings. The second, ‘Insights’, focuses on his elucidation of Marx’s method, the dialectic between use value and value, crisis theories, and revolutionary politics. These issues recurred in his economic works, highlight- ing aspects of Marx’s theory that had been overlooked or misunderstood before 1 Grossman 1905; Komitet organizacyjny żydowskiej Partyi socyalno-demokraticyczney w Gali- cyi 1905. Grossman’s name in most of his German publications was rendered as ‘Henryk Grossmann’. The source for the present account of Grossman’s life and work, unless otherwise referenced, is Kuhn 2007. 2 In Freudenthal and McLaughlin 2009. © koninklijke brill nv, leiden, 2019 | doi:10.1163/9789004384750_002 2 kuhn Grossman. Many of them are still neglected or distorted, weakening efforts to analyse contemporary capitalism in order to overthrow it. The final part outlines the structure and the conventions employed in this volume of Grossman’s works. It also indicates the content of subsequent volumes. Grossman’s Life and Work University Student, Marxist Leader and Scholar: Kraków and Vienna Born in Kraków to a prosperous Jewish family in 1881, Grossman became act- ive in the PPSD while at school. The party’s neglect of Jewish workers led to the formation of the JSDP, which immediately applied for but was refused membership of the federal General Austrian Social

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