World In Crisis
Marxist Perspectives on Crash & Crisis
Published on 1. October 2018
Book
Paperback/Softback
350 pages
978-1-60846-181-3 (ISBN)
Description
Most mainstream economists view capitalism's periodic breakdowns are nothing more than temporary aberrations from another wise unbroken path toward prosperity. For Marxists, this fundamental flaw has long been acknowledged as a central feature of the free market system. This groundbreaking volume brings together Marxist scholars from around the world to offer an empirically grounded defence of Marx's law of profitability and its central role in explaining these capitalist crises.
Reviews / Votes
"World in Crisis presents detailed evidence from across the world, and over the long historical span, to show that the tendency does really exist, and has a clear and ultimately dominant influence in determining the general state of economies, nationally and globally." -CounterfireMore details
Language
English
Place of publication
Chicago
United States
Product notice
Paperback (trade)
Unsewn / adhesive bound
Dimensions
Height: 226 mm
Width: 153 mm
Thickness: 32 mm
Weight
696 gr
ISBN-13
978-1-60846-181-3 (9781608461813)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Guglielmo Carchedi | Michael Roberts
World in Crisis
A Global Analysis of Marx's Law of Profitability
E-Book
10/2018
Haymarket Books
€22.49
Available for download
Persons
Gugliemo Carchedi, doctorate (1965) in Economics, University of Turin, Italy, has worked at the United Nations in New York and has taught at the University of Amsterdam. He is the author of numerous articles and books in several fields of Marxist analysis and research.
Michael Roberts has worked as an economist for over thirty years in the City of London financial center. He is author of The Great Recession: A Marxist View (2009), and The Long Depression (2016).
Michael Roberts has worked as an economist for over thirty years in the City of London financial center. He is author of The Great Recession: A Marxist View (2009), and The Long Depression (2016).
Content
Preface
Introduction
Part 1. The US economy
Chapter 1. G. Carchedi and M. Roberts - The long roots of the present crisis: Keynesians, Austerians, and Marx's law
Chapter 2. G. Carchedi - The law of crises
Chapter 3. J.A. Tapia - Investment, profit, and crises: theories and evidence
Part 2. The international dimension
Chapter 4. E.E. Maito - The tendency of the rate of profit to fall since the 19th century and a world rate of profit
Chapter 5. T. Sato - Japan's 'lost' two decades: a Marxist analysis of prolonged capitalist stagnation
Chapter 6. M. Roberts - The UK rate of profit and British economic history
Chapter 7.. J.P. Mateo - The Long Depression in the Spanish economy: bubble, profits, and debt
Chapter 8. T. Maniatis and K. Passas - Surplus value, profit, and unproductive labor in the Greek economy, 1958-2013
Chapter 9. A. Marquetti, E.M. Filho, and V. Lautert - The profit rate in Brazil, 1953-2008
Chapter 10. M. Gaulard - The Chinese economic crisis: a Marxist approach
Part 3. Credit, fictitious capital, and crises
Chapter 11. M. Roberts - Debt matters
Chapter 12. S. Camara I. and A. Marina F- The neoliberal financialization of the US economy
Chapter 13. M.E.G. Smith and J. Butovsky - The roots of the global crisis: Marx's law of falling profitability and the US economy, 1950-2013
Chapter 14. T. Norfield - Derivatives and capitalist markets: the speculative heart of capital
Chapter 15. S. Nash - High-frequency trading: the unfolding history of speculative capital
Part 4. The crisis and the euro
Chapter 16. G. Carchedi - From the crisis in surplus value to the crisis in the euro
Chapter 17. M. Roberts - The euro crisis is a crisis of capitalism
Introduction
Part 1. The US economy
Chapter 1. G. Carchedi and M. Roberts - The long roots of the present crisis: Keynesians, Austerians, and Marx's law
Chapter 2. G. Carchedi - The law of crises
Chapter 3. J.A. Tapia - Investment, profit, and crises: theories and evidence
Part 2. The international dimension
Chapter 4. E.E. Maito - The tendency of the rate of profit to fall since the 19th century and a world rate of profit
Chapter 5. T. Sato - Japan's 'lost' two decades: a Marxist analysis of prolonged capitalist stagnation
Chapter 6. M. Roberts - The UK rate of profit and British economic history
Chapter 7.. J.P. Mateo - The Long Depression in the Spanish economy: bubble, profits, and debt
Chapter 8. T. Maniatis and K. Passas - Surplus value, profit, and unproductive labor in the Greek economy, 1958-2013
Chapter 9. A. Marquetti, E.M. Filho, and V. Lautert - The profit rate in Brazil, 1953-2008
Chapter 10. M. Gaulard - The Chinese economic crisis: a Marxist approach
Part 3. Credit, fictitious capital, and crises
Chapter 11. M. Roberts - Debt matters
Chapter 12. S. Camara I. and A. Marina F- The neoliberal financialization of the US economy
Chapter 13. M.E.G. Smith and J. Butovsky - The roots of the global crisis: Marx's law of falling profitability and the US economy, 1950-2013
Chapter 14. T. Norfield - Derivatives and capitalist markets: the speculative heart of capital
Chapter 15. S. Nash - High-frequency trading: the unfolding history of speculative capital
Part 4. The crisis and the euro
Chapter 16. G. Carchedi - From the crisis in surplus value to the crisis in the euro
Chapter 17. M. Roberts - The euro crisis is a crisis of capitalism