Rakesh Bhandari (bhandari@phoenix.Princeton.EDU)
Fri, 6 Feb 1998 23:27:11 -0500 (EST)

I have been looking through E.A. Preobrazhensky The Decline of Capitalism
(ME Sharpe, 1985), translated and edited by Richard B. Day whose efforts
here are a tremendous contribution to Marxian studies in the
English-speaking world. I am very thankful. In the full length version of
this book, Day mentions that there was a chapter of critique of other
theorists, Grossmann included. Does anyone know anything about this? It
seems to me that EAP's extension of Marx's reproduction schemes is very
interesting (in the main he pursues the idea of how monopolism affects the
renewal of fixed capital and imparts a different character to the crisis
cycle), indeed the analysis of the tendency towards overproduction of fixed
capital reminds me of a bit of Grossmann's *Marx, The Classical Economists
and the Problem of Dynamics* (is there mention of EAP's analysis of the
reproduction schemes in Rosdolsky's chapter?--don't have my copy of *The
Making of Marx's Capital*); has anyone done work on this, commented on it?