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Tag Archives: recession
Falling Rate of Profit
The Falling Rate of Profit The financial world is a mysterious one. It appears that through trading stock, advancing credit, or swapping currencies profit can appear out of thin air- that is, money can be turned into more money just … Continue reading
Posted in Econ 303- Crisis
Tagged abstract, automation, bail-out, capital, capitalism, concrete labor, constant, crisis, depression, exchange, falling rate of profit, innovation, machines, marx, money, recession, sub-prime, surplus, technology, theory, underconsumption, value, variable, wages
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Consume!
This video on consumption and underconsumption theory is part of a larger, ongoing set of videos about the nature of economic crisis in a capitalist society. Continue reading
Posted in Econ 303- Crisis
Tagged automation, capitalism, commercials, credit, crisis, depression, Exploitation, falling rate of profit, labor, labor theory of value, marx, marxism, money, overaccumulation, prices of production, recession, transformation problem, underconsumption, value
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