Robert Brenner's analysis of the structural crisis of the late 20th century, in his Economics of Global Turbulence, is based on the observation of the decline of the profit rate, as is common among Marxist economists. Instead of the usual reference to the features of technical change, Brenner...

The Argentinean crisis in the late 1990s and early 2000s was another manifestation of various “neoliberal crises†that struck Latin America, Asia, Turkey, and Russia. During the 1990s, Argentina underwent typical neoliberal reforms: further opening of trade, liberalization of capital...

This study empirically reveals a direct link between profitability and stability. To make the demonstration, we develop and then estimate a short-run dynamic disequilibrium model of a capitalist economy, with money, in which agents react to the observation of disequilibria. The condition for the...