Abstract

This book is a rare piece of writing in any language. Its first merit is that it puts in 360-odd pages a concise and highly readable history of economic thought from Ricardo and Adam Smith to modern times as seen through the critical spectacles of classical Marxist political economy. Its second merit is that it does not dismiss capitalist economics as mere apologetics or mystification, but--in the genuine spirit of Marx's principles of criticism--it also seeks out the positive aspects of methodology and understanding which can help clarify the workings and malfunctions of late twentieth century capitalism. Nor does the author bow before any mystic infallibility of current Soviet economic theory. Among the most interesting treatments are those of the theories of Böhm-Bawerk, Schumpeter, Marshall, Veblen, Hobson, Hilferding, Kalecki, Keynes, Harrod-Domar, Kaldor, Sraffa, Galbraith, Myrdal, Strachey, and Bettelheim. Aguilar is a professor of economics at the University of Mexico and displays impressive scholarship and perception in his chosen field. His call is for Latin American intellectuals to free themselves from the restrictions of the economic theories of capitalist economics and to dedicate themselves to the development of the theoretical foundations necessary for the liberation of Latin America not only from economic domination, but also from the cultural, social, and political tutelage of their economic masters. Marx's model of capitalism and Lenin's model of imperialism have not lost their power in Latin America as grounds for explaining the continued economic, cultural, social, and political backwardness of this huge area. The present work demonstrates the intellectual sweep of this power. The book is well-footnoted, but, deplorably, lacks an index.--H. B.