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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
Posted in Interviews
Tagged andrew kliman, crisis, economics, failure of capitalist production, falling rate of profit, interview, marx, underconsumption
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Part 2 of my interview on Diet Soap
Part 2 of My interview on Diet Soap has now been posted.
Posted in Uncategorized
Tagged andrew kliman, brendan cooney, capitalism, crisis, David Harvey, diet soap, falling rate of profit, marx, rick wolfe, underconsumption
3 Comments
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.
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
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
Posted in Uncategorized
Tagged capital, capitalism, counter-tendency, crisis, falling rate of profit, finance, harvey, kliman, monopoly school, realization, speculation, surplus value, sweezy, tendency, underconsumption, wolfe
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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
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
Posted in Econ 303- Crisis
Tagged credit, crisis, demand, exchange-value, falling rate of profit, finance, marx, money, prices, profit, stocks, underconsumption, use value, value
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Crisis, Value and Marx’s “Order of Operations”
Abstract:
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. Interestingly enough the misunderstanding of Marx’s method, of the proper relation between different aspects of his value theory, is also one of the main reasons that many have dismissed the labor theory of value and Marx’s theory of crisis in the first place. This paper will seek to explain and defend Marx’s “order of operations” in hopes that this can shed valuable light onto what exactly differentiates Marx’s theory of capitalism from others. Continue reading
Interview with Andrew Kliman
Here is an interview with Andrew Kliman in which Kliman discusses the Marxist theory of capitalist crisis. Kliman is professor of economics at PACE university and author of the very important book Reclaiming Marx’s Capital. Kliman talks about some of … Continue reading
Posted in Uncategorized
Tagged andrew kliman, brenner, capitalism, credit, crisis, economics, Exploitation, falling rate of profit, labor theory of value, marx, moseley, Okishio, organic composition of capital, political economy, reclaiming Marx's capital, surplus value, transformation problem, underconsumption
4 Comments
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
13 Comments
Kapitalism101 