Marxian Crisis Theory: Structure and Implications
This paper constructs a specifically Marxian theory of economic crisis from scattered but sufficient theoretical arguments in Marx's work. This theory integrates the following conceptual elements viewed as central: capital accumulation, falling rate of profit, realization problem, the efficiency structure of firms within an industry, and capitalists' expectations. Implications of this theory for assessments of government economic policy and of recent economic history are briefly suggested.
Year of publication: |
1978
|
---|---|
Authors: | Wolff, Richard D. ; Wolff, Richard D. |
Published in: |
Review of Radical Political Economics. - Union for Radical Political Economics. - Vol. 10.1978, 1, p. 47-57
|
Publisher: |
Union for Radical Political Economics |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Teaching economics differently by comparing contesting theories
Resnick, Stephen, (2011)
-
Resnick, Stephen, (1981)
-
A Marxian Alternative to the Traditional "Transformation Problem"
Wolff, Richard D., (1984)
- More ...