Marx's Crises Theory: Scarcity, Labor, and Finance

(Hardback)

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The history of capitalism has long been thought to be a sequence of recurring crises that appear in various forms: crises in employing people, crises in obtaining resources, and financial crises. Marx's Crises Theory: Scarcity, Labor, and Finance provides a framework for interpreting Marx's theory of crises. In conclusion, the author asserts that as long as the financial structure leads to periodic breakdowns, Marx's writings on the subject will retain their importance as a source of theory and analysis of the dynamics of political economy.

Reviews

Perelman also devotes considerable attention to Marx's categories of constant capital, and simultaneous and coexisting labor, as well as to Marx's methodology of dialectical elaboration of the contradictions underlying the categories of political economy.-Coop. Economics New Service
The book offers a first rate reading of how to use Marx' method of dialectics to analyze critically certain of Capital's categories . . . the book offers insight for future research that might explore the precise relationship between these revised categories and economic crises.-Journal of Economic Literature
"Perelman also devotes considerable attention to Marx's categories of constant capital, and simultaneous and coexisting labor, as well as to Marx's methodology of dialectical elaboration of the contradictions underlying the categories of political economy."-Coop. Economics New Service
"The book offers a first rate reading of how to use Marx' method of dialectics to analyze critically certain of Capital's categories . . . the book offers insight for future research that might explore the precise relationship between these revised categories and economic crises."-Journal of Economic Literature

Author Bio

MICHAEL PERELMAN is Professor of Economics at the University of California in Berkeley.