crisis theory in a sentence
Examples
- Marx's theory of business cycles; of economic growth and development, especially in two sector models; and of the declining rate of profit, or crisis theory, are other important elements of Marx's political economy.
- The socialist journal Monthly Review with which Yates is associated hosted a special debate about the falling rate of profit and crisis theory, featuring Michael Heinrich, Shane Mage, Fred Moseley, and Guglielmo Carchedi.
- In 1975, the RCG began publishing a theoretical journal called " Revolutionary Communist " in which it in part espoused a view of crisis theory, a theme they had already addressed in the IS when challenging the work of the theoreticians of that group.
- The failure of 1905 revolution and the failure of socialist movements to resist the outbreak of World War 1 led to renewed theoretical effort and valuable contributions from Lenin and Rosa Luxemburg towards an appreciation of Marx's crisis theory and efforts to formulate a theory of imperialism.
- Michael Heinrich argued that there is now considerable evidence that in the original draft manuscripts Marx left behind, he never proposed a crisis theory in terms of the falling rate of profit, or that if he did, he was reconsidering that theory at the end of his life.
- Although perceiving flaws in Marx's work as it is typically interpreted in the context of its modern reading, Perelman writes that " Marx s crisis theory was far more sophisticated than many modern readers had realized, " focusing on an interpretation that is largely bypassed by many readers of Marxian economic thought.
- Even though the journal was launched by a group of economists ( among others, Stephen Resnick, Richard D . Wolff, Jack Amariglio, David Ruccio ) and continues to regularly publish articles in the various sub-fields of Marxian economics, such as the labor theory of value, class analysis, and crisis theory, " Rethinking Marxism " does not have an exclusive economics focus.
- Other orthodox Marxists or economists inspired by Marx ( including Karl Kautsky, Mikhail Tugan-Baranovsky, Nikolai Bukharin, Rudolf Hilferding, Rosa Luxemburg, Vladimir Lenin, Otto Bauer, Fritz Sternberg, Natalia Moszkowska, Paul Sweezy, Kozo Uno and Makoto Itoh ) provided alternative crisis theories, focusing variously on the chaos of capitalist production, sectoral disproportions, underconsumption and realization problems, labor-shortage and population pressures, credit insufficiency, excess capital and wages squeezing profits.