The Problem: Marx Didn’t Leave Us a Completed Crisis Theory

These writings are built on the foundations of “Capital,” a work that at least in Germany is becoming a bestseller once again. But “Capital” itself, though it lays the foundation, is not a book about the periodic crises capitalist production goes through. Nor is there a section within “Capital” dealing with such crises, as is generally the case with works that popularize the theories of “Capital.”

Since Marx and Engels put so much emphasis on crises in the Communist Manifesto and other works, this omission at first seems surprising. Marx had planned to crown his economic work with a book on the world market, the state, competition and crises. As is well known, Marx did not have the time to write this work. It is, of course, impossible for any other person to write the work Marx might have written if he had had the time.

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2 thoughts on “The Problem: Marx Didn’t Leave Us a Completed Crisis Theory

  1. Hello Sam! It’s a pleasure to read you, and congratulations on this ebook. I’ve been reading you for about 2 years. I’m an economics student at the UBA, Buenos Aires, Argentina. I wanted to ask you about the position of Professor Rolando Astarita, a well-known Marxist, at least in Latin America, who has Very visited blogs, I leave the link, in his latest posts, he defends a position that can explain the cyclical crises by “overproduction” at least for developed countries, I leave the links to his notes, I would like some comment on this position when I can.

    Por qué crisis “cíclicas”

    Las crisis cíclicas en la correspondencia de Marx y Engels

    Las crisis cíclicas y la LTDTG

    This is about Okishio’s theorem. 

    Tasa de ganancia y el teorema Okishio

    Regards, Sam.

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