Late Capitalism - Verso Classics, 23 Author:Ernest Mandel Late Capitalism represents the first ever attempt to combine the general theory of the 'laws of motion' of the capitalist mode of production developed by Marx with the concrete history of capitalism in the twentieth century. Mandel sketches the structure of the world market and develops a bold schema for the 'long-waves' of expansion and contrac... more »tion in the history of capitalism.« less