Comprehensive history of the development of Marxist theory by major social theorist. In this succinct and panoramic work—both stimulating for the specialist and accessible to the general reader—one of the world's leading social theorists, Göran Therborn, tackles the question of the trajectory of Marxism in the twentieth century and its legacy for radical thought in the twenty-first. Addressing the history of critical theory from the contemporary vantage-point characterized by postmodernism, post-Marxism and critiques of Eurocentrism, Therborn probes how the recent theoretical currents—including those of Slavoj Zizek, Antonio Negri, and Alain Badiou—have coped with the changed intellectual as well as political and economic contexts. In the light of these discussions, Therborn then proceeds to a global investigation of the parameters of twenty-first century politics. This will become the essential appraisal of Marxism in the modern age.