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World in Crisis; Marxist Perspectives on Crash & Crisis

Carchedi, Guglielmo,Roberts, Michael
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- 350 Pages
Published: 01/11/2018

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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.

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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.

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