The Failure of Capitalist Production: Underlying Causes of the Great Recession

by Andrew Kliman

Book Overview

The recent financial crisis and Great Recession have been analysed endlessly in the mainstream and academia, but this is the first book to conclude, on the basis of in-depth analyses of official US data, that Marx's crisis theory can explain these events. Marx believed that the rate of profit has a tendency to fall, leading to economic crises and recessions. Many economists, Marxists among them, have dismissed this theory out of hand, but Andrew Kliman's...

• Format: Paperback
• Language: English
• ISBN: 0745332390
• ISBN13: 9780745332390
• Release Date: November 2011
• Publisher: Pluto Press (UK)
• Length: 256 Pages
• Weight: 0.75 lbs.
• Dimensions: 0.7" x 5.3" x 8.3"