The Law of Accumulation and Breakdown of
the Capitalist System, Being also a Theory of Crisis was Henryk Grossman’s most important, influential, and also most denounced work. As official Communist

economic thought was petrifying,

to comply with the needs of the Stalinist

state in Russia, Grossman’s book

challenged the developing dogma. Combining Marx's method and insights with a

comprehensive assessment of the very substantial literature on crisis theory, Grossman demonstrated how the capitalist system, even under supposedly ideal conditions,

will break down economically. Grossman’s recovery of Marx’s explanations for capitalism’s crises and tendency

to break down is as timely as ever, and thanks to Jairus Banaji and Rick

Kuhn, this

wonderful, first full English

translation is now available.

The Law of Accumulation is the third of four volumes of Grossman's works.