As a few alert mainstream and corporate economists rediscover the certain elements of Marx's analysis of capitalism, the essays in the first part of this volume demonstrate that they have far to go. To their discredit, mainstream understandings whether of capitalism's growth or of Western capitalism's interrelated long-term stagnation and financialization are derailed precisely by political aversion to, or ignorance of, Marxist categories and analyses. The chapters in the second part extend Marxist insights into assessing the value of the so-called information, or knowledge-based,...

This work advances geopolitical economy as a new approach to understanding the evolution of the capitalist world order and its 21st century form of multipolarity. Neither can be explained by recently dominant approaches such as 'U.S. hegemony' or 'globalization': they treat the world economy as a seamless whole in which either no state matters or only one does. Today's 'BRICs' and 'emerging economies' are only the latest instances of state-led or combined development. Such development has a long history of repeatedly challenging the unevenness of capitalism and the international division of...