This is the first English version of Karl Kautsky’s essay “Theories of Crises,” originally published in 1902 in Die neue Zeit , the theoretical organ of the Social Democratic Party of Germany. Kautsky’s essay was a review of Michael von Tugan-Baranowsky, Studien zur Theorie und...

This challenging book examines the origins and dynamics of financial–economic crises. Its wide theoretical scope incorporates the theories of Marx, Keynes and various other Post Keynesian scholars of endogenous money, and provides a grand synthesis of these theoretical lineages, as well as a...

In the midst of the current world economic crisis, many claim there is a necessity to return to the Marxian and Keynesian traditions in order to better understand the dynamics of market economies. This book is an important step in that direction. It presents a critical examination of the...

Introduction / Nobuharu Yokokawa and Gary Dymski -- 1. From the subprime to the great earthquake crisis in Japan / Makotoh Itoh -- 2. The global financial crisis : the instability of U.S.-centered global capitalism / Tetsuji Kawamura -- 3. Financialization and capitalist accumulation : a...

Contents: Part I: Capitalism and financial crisis -- 1. Marx and the monetary business cycle -- 2. Marx and the emergence of debt markets -- 3. Rosa luxemburg and the marxists on finance -- Part II: Critical theories of finance in the twentieth century: Unstable money and finance -- 4. Ralph...