Tag Archives: kapital karl marx crisis falling rate of profit underconsumption credit

Kapital vol. 3 Part 3, Opening Thoughts

There is so much debate between Marxists over how to properly understand capitalist crisis. Some claim that Marx does not give us a completed theory of crisis at all and that our job is to fill in the gaps. Others claim that Marx provides the essential structure of the argument, a structure which only requires some fleshing out. Then there are those that think Marx’s argument is flawed and requires replacing. This latter group contains those who believe they can construct a theory of crisis still within the framework of Marx’s logic and those who have turned to other theoretical frameworks. Continue reading

Posted in Kapital Vol. 3 | Tagged | 9 Comments