Translations of Resnick and Wolff book planned

"Class Theory and History: Capitalism, Communism, and the USSR in 2002," written by professors Stephen Resnick and Richard Wolff of the Economics Department, will be available in Greek and Korean editions later this year.

Published by Routledge three years ago, the book was translated last year into Portuguese, according to Wolff.

Using the class analytics they developed over the last three decades, Resnick and Wolff formulate the most fully developed economic theory of communism and use that theory to answer the question: did communism ever exist in the USSR and if so, where, why and for how long? Their initial and controversial conclusion is that Soviet industry never established a communist class structure.

Their conclusion leads to a discussion of the future of private capitalism, state capitalism and communism.