General Law of Capitalist Accumulation in Latin America and Beyond

Lorenzo Fusaro is associate professor of political economy at the Universidad Autónoma Metropolitana.Leinad Johan Alcalá Sandoval is lecturer at the Universidad Nacional Autónoma de México.

• Part I. Revisiting Marx’s General LawChapter 1: The General Law of Capitalist Accumulation: A Comprehensive Reading from the Perspective of the Systematic Structure of CapitalChapter 2: Violence and Crepuscular Capitalism. Structural Dynamics and Superstructural Forms of the General Law of Capitalist AccumulationChapter 3: The General Law of Capitalist Accumulation and a Theory of Labor-Shortage Business CyclesChapter 4: The Determination of Wages in the Framework of Capital Accumulation: The Industrial Reserve Army and the Value of Labor-PowerChapter 5: Labor Precariousness as an Abstract Form of DominationPart II. Underdevelopment, Imperialism and the Industrial Reserve Army of Labour in Latin America and BeyondChapter 6: Marx´s General Law and the Development of UnderdevelopmentChapter 7: Bordering the Surplus Population across the Mediterranean: Imperialism and Unfree LaborChapter 8: Marini within its Limits: A Critique of Super-exploitation as a Structural Mechanism of Accumulation in t

Fusaro and Alcalá Sandoval, along with a number of outstanding heterodox scholars, rescue one of the central aspects of Marx's work: the general law of capitalist accumulation. Their book masterly and coherently combines the theoretical study and relevant empirical analysis, thus revealing the explanatory potential of a historical materialist approach. Faced with the primacy of subjectivism in neoclassical or Keynesian versions of orthodox economics— which leads to the consideration of underdevelopment as a transitory anomaly and blames human psychology for the so-called market failures—this book vindicates why the analysis must start from the inner logic of capital, impersonal and objective, which irreversibly opposes capital to labor and is materialized in geographically uneven development. This book is absolutely recommended reading.