Mandel, Ernest

(1923–1995)
   An influential Marxist economist, theorist and activist, Mandel was prominent in the Trotskyist Fourth International and wrote two major texts in the Marxist canon, Marxist Economic Theory (1962) and Late Capitalism (1975). Of Belgian origin, he grew up in Antwerp where he joined a Belgian affiliate of the Fourth International when just 17 years old. He was active in the anti-Nazi resistance during World War II for which he was arrested and sent to a prison camp in 1944. After the war he studied in Paris and Brussels, and he later earned a doctorate in political economy from the Free University of Berlin. Aloyal Trotskyist (he was a member of the Fourth International’s Central Committee from 1941 until his death), Mandel subscribed to the view that Vladimir Ilich Lenin and Leon Trotsky had helped to lay the foundations of a socialist state, but that Josef Stalin’s actions had turned the Soviet Union into a “degenerated workers’ state” and had created “deformed workers’ states” in the Eastern Bloc.
   Mandel’s greater contribution to Marxism lay in his economic theorizing, particularly his analysis of late capitalism. In Late Capitalism he applied Marx’s theory outlined in Capital to contemporary capitalism. Modern capitalism, while different in key respects from the capitalism of Marx’s time, for example, in the development of the dominance of multinational corporations and in the greater role of the state in the national and international economy, remained fundamentally the same in terms of its crisis-prone and contradictory nature.
   Capitalism is characterized by periodic crises of under-consumption when workers cannot afford to buy the goods they have produced and by an overall decline in the rate of profit, ultimately leading to capitalism’s collapse. Capitalism, according to Mandel, went through different stages of development—national competition, international competition/imperialism, and late capitalism—and these saw “long waves” of development in which the rate of profit rises and falls, and prosperity along with it. These waves might last 50 years between economic crises. The message in brief according to Mandel was that capitalism cannot be regulated or be used to create social justice, and that Marx’s basic analysis of capitalism was correct: it is crisis-prone and liable to collapse.

Historical dictionary of Marxism. . 2014.

Look at other dictionaries:

  • Mandel Ernest — Ernest Mandel Pour les articles homonymes, voir Mandel. Ernest Mandel (5 avril 1923, Francfort sur le Main 20 juillet 1995, Bruxelles), économiste, fut l un des dirigeants trotskistes les plus important de la seconde moitié du …   Wikipédia en Français

  • Mandel, Ernest — ▪ 1996       German Marxist economist, Trotskyist academician, and author of such works as Late Capitalism and Power and Money (b. April 5, 1923 d. July 20, 1995). * * * …   Universalium

  • Ernest Mandel — (* 5. April 1923 in Frankfurt am Main; † 20. Juli 1995 in Brüssel) war ein einflussreicher marxistischer Ökonom, Theoretiker des Sozialismus und – zeitweise zusammen mit Michel Pablo – ein führendes Mitglied der Vierten Internationale. Von 1970… …   Deutsch Wikipedia

  • Ernest Mandel — Ernest Ezra Mandel, also known by various pseudonyms such as Ernest Germain, Pierre Gousset, Henri Vallin, Walter etc. (April 5, 1923 July 20, 1995) was a Trotskyist theorist.LifeBorn in Frankfurt, Mandel was recruited to the Belgian section of… …   Wikipedia

  • Ernest Mandel — Saltar a navegación, búsqueda Ernest Ezra Mandel (Fráncfort del Meno, Alemania, 5 de abril de 1923 – Bruselas, 20 de julio de 1995) fue un economista, historiador y político belga. Es uno de los líderes del trotskismo después de la muerte de… …   Wikipedia Español

  • Ernest Mandel — Pour les articles homonymes, voir Mandel. Ernest Mandel (5 avril 1923, Francfort sur le Main 20 juillet 1995, Bruxelles), économiste, fut l un des dirigeants trotkistes les plus importants de la seconde moitié du… …   Wikipédia en Français

  • MANDEL (E.) — Ernest MANDEL 1923 1995 Le premier engagement d’Ernest Mandel est particulièrement précoce: dès 1939, il milite au Parti socialiste révolutionnaire (P.S.R.), trotskiste. Puis, on le trouve dans la Résistance, poursuivant le même engagement… …   Encyclopédie Universelle

  • Mandel — is the surname of: Eli Mandel (1922–1992), Canadian writer Emmanuil Mandel, Russian poet known by his pen name Naum Korzhavin Ernest Mandel (1923–1995), Trotskyist theoretician and political activist Georges Mandel (1885–1944), French politician… …   Wikipedia

  • Ernest Lafont — Parlementaire français Date de naissance 26 juillet 1879 Date de décès 7 mai 1946 Mandat Député 1914 1936 Début du mandat 1914 Circonscription …   Wikipédia en Français

  • Ernest — ist ein männlicher Vorname. Der daraus abgeleitete Kosename Ernie wird auch als eigenständiger männlicher Vorname verwendet. Verbreitung und Varianten Ernest ist ein männlicher Vorname, der im englischen Sprachkreis, aber auch in anderen Sprachen …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.