Tag Archives: underconsumption

The Failure of Capitalist Production- Interview With Andrew Kliman

  In late January of 2012 I interviewed Andrew Kliman about his new book on the economic crisis, “The Failure of Capitalist Production.” I am still working on getting a good method of recording Skype interviews so the audio is … Continue reading

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Part 2 of my interview on Diet Soap

Part 2 of My interview on Diet Soap has now been posted.  

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DietSoap Interview on Harvey-Kliman-Wolff

Last week¬† I did another interview with Doug Lain of Diet Soap. We talked about three different Marxist crisis theorists: David Harvey, Andrew Kliman and Rick Wolff.    

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Kapital vol 3; Chapter 14. Counteracting Influences

Capital Vol. III Part III: The Law of the Tendency of the Rate of Profit to Fall Chapter 14. Counteracting Influences (This post is part of an ongoing project: a close reading of volume 3 of Kapital, one post per … Continue reading

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The Tendency of the Mass of Crisis Theory to Rise

This is my first draft of my paper for “The Economic Crisis and the Left Response” which is taking place in New York this coming weekend (11-6-10). “First draft?” you ask, “Isn’t that happening in just 4 days?” Yes, I … Continue reading

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Rethinking Marxism: Temporal Value Theory in a Moment of Crisis; Roundtable on the Economic Crisis

This is video from a roundtable on the economic crisis held during this year’s Rethinking Marxism conference in Amherst Mass. Each panelist’s presentation stands on its own so they need not be viewed in any specific order. A brief bio proceeds each video as well as my own short summary of their argument. This is merely to help viewers decide what to watch and to give some brief context for the uninitated. Continue reading

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Value, Crisis and Marx’s Order of Operations- final draft

An economic crisis manifests itself in many different forms simultaneously: stock market crashes, housing market crashes, over capacity, unemployment, etc. For every aspect of the crisis there is some theorist who mistakes this surface appearance for the inner mechanism of crisis. But a proper analysis of crisis needs to have some reason for selecting some phenomena as causes and others as effects. There must be a proper ordering of the relations between different economic factors in order for our analysis to avoid being arbitrary and piecemeal. Marx gives us a very clear, though complex, ordering of these relations. This paper will attempt to critique credit-centered and underconsumptionist theories of crisis from the perspective of Marx’s “order of operations”. It will close with some brief remarks about the Falling Rate of Profit. Continue reading

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