 Rubin was arrested once more during the Great Purge in 19 November 1937.After this arrest he was never seen alive again.He was executed under the accusation of Trotskyist conspiracy in 25 November 1937

Rubin's work was never reissued in the Soviet Union after 1928, but in 1972 "Essays on Marx's Theory of Value" was translated into English by Fredy Perlman and Milos Samardzija.