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I am honored to receive the World Marxian Economics Award from the World Association for Political Economy.Marxist economics has two aims,as Marx noted:to understand the world and to contribute to changing it.Indeed,if we wish to create a mo humane world than that of global capitalism,we must understand how capitalism works,in general and today.Unless we can develop an understanding of contemporary capitalism-its main tendencies and contradictions-we cannot hope to devise strategies to overcome it and replace it with socialism.