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A Critique of Crisis Theory

From a Marxist perspective

Schedule Change

critiqueofcrisistheory Economics May 19, 2019 1 Minute

This month’s post will be delayed one week owing to an editor’s commitment arising from a death in the family. The next blog post will be published May 26.

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Published May 19, 2019

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About Me and This Blog
The Problem: Marx Didn't Leave Us a Completed Crisis Theory
Crisis Theories: Underconsumption
- Unconsumption (cont'd)
Crisis Theories: Profit Squeeze
Crisis Theories: Falling Rate of Profit
- Falling Rate of Profit (cont'd)
Crisis Theories: Disproportionality
- Disproportionality (pt 2)
- Disproportionality (pt 3)
Money as the Universal Equivalent
From Money as Universal Equivalent to Money as Currency
Money as a Means of Payment
The Rate of Interest and the Profit of Enterprise
The Phases of the Industrial Cycle
Ricardo's Theory of International Trade
A Reply to 'Anonymous' on Gold's Monetary Role Today
Ricardo's Theories Challenged by the Crises of 1825 and 1837
The Ideas of John Maynard Keynes
Reply to a Comment and Question Regarding 'Socially Necessary Labor'
Does Capitalist Production Have a Long Cycle?
The Five Industrial Cycles Since 1945
The 'Long Cycle'—Summary and Conclusions
Historical Materialism and the Inevitable End of Capitalism
Responses to Readers — Austrian Economics Versus Marxism
The 'Implications' of Paul Baran
- The 'Implications' of Paul Baran, Pt 2
- The 'Implications' of Paul Baran, Pt 3
The September 2012 Unemployment Numbers and the 'Surplus Population'
Obama's Re-election and the 'Fiscal Cliff' Fraud
A Major Attack on Labor Rights in the U.S. as the Federal Reserve Makes Another Inflationary Move
Behind the Austerity Drive
Economic Stagnation, Mass Unemployment, Budget Deficits and the Industrial Cycle
Update on Status of eBook
Can the Capitalist State Ensure 'Full Employment' by Providing a Replacement Market?
Monetary crisis in Cyprus and the ghost of 1931
John Bellamy Foster's Latest Attempt To Reconcile Marx and Kalecki
Bitcoins and Monetary Reform in the Digital Age
Michael Heinrich's 'New Reading' of Marx—A Critique, Pt 1
Some Observations on 'Obamacare' and the NSA Spying Scandal
Change of Guard at the Fed, the Specter of 'Secular Stagnation,' and Some Questions of Monetary Theory
The Fed Tapers as Yellen Prepares to Take Over, and the Unemployed Get Screwed Over
Big Challenges Facing Janet Yellen
Capitalist Anarchy, Climatic Anarchy, Ukraine and New Threats of War and Fascism
Money, wage-labor and Marx's 'Critique of the Gotha Program'
Is Russia Imperialist?
Low-Wage Workers of the World, Unite!
World War I—Its Causes and Consequences (pt 1)
The Marxist Theory of Ground Rent (Pt 1)
- The Marxist Theory of Ground Rent (Pt 2)
Russia, Oil, the 'Strong Dollar' and the Economic Conjuncture
David Harvey, Michael Roberts, Michael Heinrich and the Crisis Theory Debate
Update on Status of eBook
Che Guevara and Marx's Law of Labor Value
- Che Guevara and Marx's Law of Labor Value (Pt 2)
- Che Guevara and Marx's Law of Labor Value (Pt 3)
Capitalist Economists Debate 'Secular Stagnation'
Crisis in Greece Only the Tip of the Iceberg
Germany and the U.S. Empire (Pt. 1)
The U.S. Elections and the Decline of Empire
Three Books on Marxist Political Economy
The Current U.S. Economic Boom in Historical Perspective (Pt 1)
- The Current U.S. Economic Boom in Historical Perspective (Pt 2)
Modern Money
Political and Economic Crises
The Crisis (Pt 1)
The Current Industrial Cycle (Pt 1)
The U.S. Election and People’s Front Politics
Trump Loses, Party of Order Wins
The End of the Trump Era
The Putsch of January 6, 2021
The abortive 18th Brumaire of Donald John Trump
The Second Trump Impeachment Trial
Commodity Money Versus Non-Commodity Money
Putting monopoly super-profits over human lives
Analyzing Currency Circulation
- The Federal Reserve’s Open Market Committee Meets
- A Return to Austerity
Biden, ‘Sanctions’, Blockades, and Imperialism
Afghanistan – Past, Present and Future, a Marxist Analysis
Jon Britton 1939-2021
COVID’s Long Economic Shadow
Perfect Competition
Ukrainian War
Global Economic and Financial War Erupts
Economic Prospects
Comparative Advantage, Monopoly, Money, John Maynard Keynes, and Anwar Shaikh
The Fed Meets and Congress Investigates January 6
Money and Anwar Shaikh
Fighting Bonapartism by Bonapartist Methods
World Trade
The Dollar System Shows its Fangs
Election Results
2022: COVID aftermath boom, overproduction, crypto downfall
The Economic Outlook for 2023
Where is the U.S. Economy Going?
The New Banking Crisis
Trump Charged
The Phony Crisis, the Real Crisis, and the Whip of Hunger
- Whip of Hunger, part 2
Law and Bonapartism in U.S. Politics
Written and Unwritten Laws
The Political Crisis of U.S. Capitalism
Corporate Joe on the Picket Line
Palestine
The Genocide Resumes
Can the Palestinians Win?
How Vietnam Won, Part 1
The Fate of Rafah
The Genocide Continues
Student Protests Against U.S.-Supported Israeli Genocide Spread Globally
How Vietnam defeated U.S. imperialism
Presidential Election Goes From Bad to Worse
Genocide Joseph Biden Bows Out
Assassinated in Tehran
Elections, Genocide, and a Federal Reserve Cut
A Marxist Guide to Capitalist Crises
Gang Warfare
Donald Trump, Once Again the Chief of World Imperialism
Missiles, Minerals, and Money
Syria Falls to Pro-Imperialist Forces
Genocide Joe
The Decline of Imperialist Democracy
Gaza Genocide Resumes as U.S. Wages War on Yemen
Liberation Day
Unraveling of the Post-1945 Order
MAGA
Class War at Home, Imperialist War Abroad
Artificial Intelligence
Marxism versus Individual Terror
Palestine
Gold, Overproduction, and the Emerging Monetary Crisis
The Historical Limits of Capital: From Stagflation to Artificial Intelligence
From Caracas to Minneapolis

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