Exposition of the basic points of the Marxist theory of value and its ideological implications, of money (Parts I and II), of social capital and of crises (Parts III and IV) makes it clear that the theoretical analysis (the system […]
On the Character of Marxian Theory, “Ricardian Marxism” and the Role of F. Engels
In this 2010 interview, Robert Kurz discusses Marx’s theory of crisis, the theories of “collapse” advocated by a minority of Marxists (Luxemburg, Grossman, Mattick) in the early 1900s, the implications of the “third industrial revolution of microelectronics” for capitalist accumulation,
Marx’s theory, the crisis and the abolition of capitalism
The notion of capital overaccumulation, as constructed by Marx in Volume 3 of Capital on the basis of his “preliminary definition” of “absolute overproduction”, is considered in this paper as the key element of Marx’s crisis theory. Following what the
ON MARX’S CRISIS THEORY IN THE ORIGINAL MANUSCRIPT OF THE 3RD VOLUME OF CAPITAL
John G. Milios, Spyros Lapatsioras and Dimitris P. Sotiropoulos Extreme austerity policies implemented by Greek and European governments after the outbreak of the 2008 global economic crisis constitute neither a ‘correct’ strategy for economic reform and development nor an ‘erroneous’
The ‘Greek Crisis’ and the Austerity Controversy in Europe
The new Global Wealth Report 2017 is out. It says there is 280 trillion dollar global wealth and that there will be 341 trillion dollar by 2022. As always, you have to consider a few things: Some countries are missing
FORS and the new Global Wealth Report 2017
Like every crisis, 2008’s surprised. Some of us failed to see how turmoil originating in finance, and apparently in a limited area of finance to do with the US housing market, could have such great impact on factories and offices
Crisis and Sequels: capitalism and the new economic turmoil since 2007
Uncertain Futures: An Assessment of the Conditions of the Present provides a detailed look into the economic and political conditions of our present moment from a Marxist perspective. Key aspects of Marxist economic theory are illustrated in clear ways in
… Conclusions The growth of derivatives-trading in the past decade or so was facilitated by changes in government-regulation. But the fundamental reasons why derivatives-trading exploded have more to do with the attempts by banks, finance-companies and corporations to boost their
Derivatives and Capitalist Markets: The Speculative Heart of Capital
ABSTRACT: The presidential election of Donald Trump has rekindled hopes for a U.S. recovery. The new president promises to ‘make America great again’, partly by creating many millions of new jobs for U.S. workers, and judging by the rising stock
Can Capitalists Afford a Trumped Recovery?
The reference in the title Riot. Strike. Riot will be abundantly clear to readers of Marx. It is reference to the formulas that open volume one of Capital, C-M-C and more importantly M-C-M’ or Money. Commodity. Money Prime. It is the
The Modality of Necessity: On Clover’s Riot. Strike. Riot
Lassen wir uns, für einen Augenblick, nicht den so fundamental verengten Blick auf die „Flüchtlingsfrage“ von der Rechten aufzwingen, sondern versuchen, auch wenn es schwer fällt, einen weiteren, distanzierteren Blick auf das Geschehen in Europa und anderswo zu gewinnen. Die
Rechtspopulismus. Vorschlag für einen kleinen Perspektivwechsel
Marxist theory, financial system and crisis of 2008 S. Lapatsioras, D.P. Sotiropoulos and J. Milios Abstract: Returning to Marx’s analysis in the third volume of Capital we shall endeavour to outline a Marxist interpretation of contemporary capitalism, contemporary financialization
Marxist theory, financial system and crisis of 2008