Leon Trotsky has become one of the twentieth century’s most enduring political legends. Joining the Bolsheviks on the eve of the 1917 revolution he played a vital role as Lenin’s right-hand man in the insurrection and went on to lead the Red Army to victory in the ensuing civil war. Having lost to Stalin the struggle for power which followed Lenin’s death, he became an implacable opponent of the dictator over the next three decades—a stance which cost him his political career, his citizenship and ultimately his life. A charismatic orator, a prolific author and a political philosopher whose ideas continue to resonate in the wake of the collapse of the Stalinist regimes of Eastern Europe, Trotsky made an indelible mark on world history. Ernest Mandel, one of the foremost leaders of the international movement which Trotsky founded before the Second World War and an influential economist and political theorist, is uniquely placed to review the life and work of Trotsky. In Trotsky as Alternative he presents a portrait of his subject which is appreciative yet critical. He shows that Trotsky’s contribution to the history of the twentieth century was primarily political rather than sociological, and this in a practical as well as a theoretical sense. He locates Trotsky’s theory of uneven and combined development as a crucial tool whose explanatory power of the mechanisms of world imperialism is as relevant to the late capitalism of the 1990s as it was to the first three decades of the century when it was formulated. Ranging across Trotsky’s struggles against Stalin’s bureaucracy, his formulation of an alternative economic strategy, his theories relating to the Third World, fascism and the national question, his extensive literary criticism, and concluding with a moving assessment of an extraordinary life, this book is a fitting testimony to a man who, in Mandel’s words, “will be judged by history as the most important strategist for the socialist movement.”

In this revised and expanded edition of Long Waves of Capitalist Development , Ernest Mandel seeks to explain the underlying determinants of the booms and slumps of the trade cycle. Mandel first establishes that there have indeed been twenty- to twenty-five-year-long waves of capitalist expansion and contraction—and that these have persisted in the period since World War II. He then assembles evidence to show that while broad tendencies in the rate of profit have been decisive in triggering downturns, the ingredients necessary for a new upswing are, by contrast, generally political and extra-economic in character. He thereby demonstrates the falsity of neo-liberal doctrines, according to which the free market will itself generate a new formula for balanced and sustainable expansion. Long Waves of Capitalist Development not only offers a penetrating analysis of the ills that have afflicted contemporary capitalist economies but also surveys, and takes forward, one of the classical debates of modern economic history.

Ernest Mandel’s book is a study of Eurocommunism unlike any other. Written in the polemical tradition of Trotsky, its sweep extends well beyond the immediate prospects of the Communist Parties of Western Europe. Mandel traces the long historical process which has transformed the once embattled detachments of the Third International into the constitutionalist formations of “historic compromise” and “union of the people” today. He then goes on to argue that the national roads to socialism of contemporary Eurocommunism are the “bitter fruits of socialism in one country” in the USSR. Mandel’s book contains trenchant and documented criticisms of the ideas of Santiago Carrillo in Spain, the economic policies of the PCI in Italy, and the PCF’s theories of the State in France. But it also sets these Western developments in the context of European politics as a whole—discussing the Russian response to Carrillo, the organizational attitudes of the CPSU to the Western parties, and the emergence of major dissident currents in Eastern Germany sympathetic to Eurocommunism. From Stalinism to Eurocommunism represents the first systematic and comprehensive critique from the Marxist Left of the new strategy of Western Communism. It can be read as a barometer of the storms ahead in the European labour movement.