EconoFiction, Lexicon

Subsumption and Crisis

9 Jul , 2018  

Though it has various senses in general usage,  subsumption  is a term of art within Marx’s critical political economy. It is sub-divided into  formal subsumption and  real subsumption . These designate changes to the production process during the transition to, and ongoing development of capitalism. These changes in aggregate may
...

, , , , , ,