Marxist crisis theory
E952948
Marxist crisis theory is a body of economic thought, rooted in Karl Marx’s analysis of capitalism, that explains recurring economic crises as inherent and inevitable outcomes of capitalist production and accumulation.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Marxist crisis theory canonical | 1 |
| Marxist economics | 1 |
Statements (52)
| Predicate | Object |
|---|---|
| instanceOf |
Marxist theory
ⓘ
crisis theory ⓘ economic theory ⓘ heterodox economics ⓘ |
| analyzes | capitalist mode of production ⓘ |
| appliedTo |
1970s profitability crisis
ⓘ
2007–2008 global financial crisis ⓘ Great Depression NERFINISHED ⓘ |
| associatedWith |
Anwar Shaikh
NERFINISHED
ⓘ
David Harvey NERFINISHED ⓘ Ernest Mandel NERFINISHED ⓘ Henryk Grossman NERFINISHED ⓘ Paul Sweezy NERFINISHED ⓘ Rosa Luxemburg NERFINISHED ⓘ Rudolf Hilferding NERFINISHED ⓘ Vladimir Lenin NERFINISHED ⓘ |
| basedOn |
capital accumulation theory
ⓘ
labor theory of value ⓘ surplus value theory ⓘ |
| claims |
economic crises are inevitable under capitalism
ⓘ
economic crises are inherent to capitalism ⓘ |
| contrastsWith |
Keynesian crisis theory
ⓘ
neoclassical business cycle theory ⓘ |
| drawsFrom |
Capital, Volume I
NERFINISHED
ⓘ
Capital, Volume II NERFINISHED ⓘ Capital, Volume III NERFINISHED ⓘ |
| emphasizes |
class struggle
ⓘ
contradictions of capital accumulation ⓘ contradictions of capitalist production ⓘ disproportionality between sectors ⓘ realization problems in commodity markets ⓘ role of credit and finance in crises ⓘ tendency of the rate of profit to fall ⓘ tendency toward overaccumulation of capital ⓘ tendency toward overproduction ⓘ |
| explains |
economic crises
ⓘ
recurring crises of capitalism ⓘ |
| field |
macroeconomics
ⓘ
political economy ⓘ |
| hasTheoreticalBasisIn |
Karl Marx
NERFINISHED
ⓘ
Marxian economics ⓘ |
| includesVariant |
disproportionality crisis theory
ⓘ
falling rate of profit crisis theory ⓘ financialization crisis theory ⓘ overaccumulation crisis theory ⓘ underconsumptionist crisis theory ⓘ |
| language | English ⓘ |
| usedIn |
critique of capitalism
ⓘ
socialist economic analysis ⓘ |
| viewsCrisesAs |
mechanisms for devaluation of capital
ⓘ
mechanisms for restoring profitability ⓘ systemic features of capitalism ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Marxist economics