Named by Choice as an 'Academic Book of the Year' for 1979, The Second Slump locates the 1970s recession in the context of the theory and history of capitalist crises. It argues that the slump, unlike the earlier one in 1929-32, is marked by a high level of organization by the working class in the developed capitalist countries, and that it is fundamentally a crisis of over-production, in which oil price rises play only a secondary role.
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ISBN-13
978-0-86091-012-1 (9780860910121)
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Schweitzer Klassifikation
Ernest Mandel (1923-95), historian, economist and activist, was a leading figure in the Fourth International from 1945 and was the author of a number of books, including Late Capitalism, Marxist Economic Theory, Long Waves of Capitalist
Development, and The Meaning of the Second World War.
