Explaining the Crisis: A Marxist Re-appraisalSince the early 1970s the world economy has been,in a state of acute instability. Now the world,seems to be facing the most serious crisis of all,as the much proclaimed 'free market' teeters on,the brink of collapse. In this newly reprinted,classic account of Marxist economics, the author,explains the essential elements of Marxist,analysis and applies these insights to an,explanation to what has happened in the world,economy over the century since Marx's death. |
Contents
Contents | 9 |
The crisis last time | 50 |
State capitalism the arms economy and the crisis today | 75 |
Copyright | |
3 other sections not shown
Common terms and phrases
accumulation advanced countries Aglietta amount argued argument arms economy arms spending banks Baran and Sweezy boom Britain British capitalist cent Chris Harman composition of capital constant capital consumption Corey cost crises cycle decline deficit eastern Europe economists effect Ernest Mandel expansion explain factors falling rate finance firms forces Fordism funds Germany Glyn growing growth hegemony imperialism increase individual capitalist individual capitals industry investment Japan Keynesian Kidron Kindelberger Kondratieff labour power London long waves Mandel market competition Marx Marx's Marxist means of production million monopoly capitalism multinational national capital non-productive organic composition output period Permanent Arms Economy pressure profit rates profit to fall rate of exploitation rate of profit ratio raw materials real wages recession reduce rise ruling class Russia sector slump social stagnation Steindl surplus value techniques tendency tion Tony Cliff total surplus value trend unemployment western workers workforce world economy