Otto Bauer 1917–38

Chapter 6 deals with the work of the mature Otto Bauer between 1917 and his death in 1938. In the 1920s he published books and many articles on the contemporary problems of the Austrian economy that touched on important economic issues. Later in the decade he gave a course of lectures on Marxian political economy, the text of which constitutes a long and systematic textbook on Marxian economics. With the onset of the Great Depression and the Stalinist industrialisation of the Soviet Union, Bauer returned to the question of crisis theory and revised his views on the Soviet economy. I conclude this chapter by discussing his books on Capitalism and Socialism After the World War: Rationalisation and False Rationalisation, the still unpublished manuscript on The Economic Crisis, and his last major work, Between Two World Wars? The Crisis of the World Economy, Democracy and Socialism.