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Kuruma, Samezō [1930] An Inquiry into Marx's Theory of Crisis Sep. 1930 issue of the Journal of the Ohara Institute for Social Research, (Vol. VII, No. 2) Translated by Michael Schauerte; Kuruma, Samezō [1936] An Overview of Marx's Theory of Crisis first published in August 1936 issue of 'Journal of the Ohara Institute for Social Research ...
Crisis of Marxism, also referred to as the crisis in Marxism, was a term first employed in the 1890s after the unexpected revival of global capitalist expansion became evident after the Long Depression that occurred in Europe from 1873 to 1896, which eventually precipitated a crisis in Marxist theory.
Along these lines, Heinrich challenges the identification of Marx's theories of crisis with the law of the tendency of the rate of profit to fall, a reading he attributes principally to Engels having edited the third volume of Capital so as to condense all the fragmentary discussion of crisis under the chapter title "Development of the Law's ...
The internal contradictions of capital accumulation is an essential concept of crisis theory, which is associated with Marxist economic theory. While the same phenomenon is described in neoclassical economic theory, in that literature it is referred to as systemic risk. [1] [2] [3] [4]
According to Marxian crisis theory, socialism is not an inevitability, but an economic necessity. [8] Classical Marxism is the economic, philosophical and sociological theories expounded by Marx and Engels as contrasted with later developments in Marxism, especially Leninism and Marxism–Leninism. [9]
A discussion of aspects of Grossman's contribution to the Marxist theory of economic crisis. Kuhn, Rick, "Henryk Grossman and the recovery of Marxism" Archived 2011-04-02 at the Wayback Machine, preprint version of an article in Historical Materialism 13 (3), 2005. On Grossman's contributions to and place in the history of Marxism.
Further, Heinrich is sceptical of the suggestion that crisis for Marx necessarily begets collapse, arguing that the collapse theory "has historically always had an excusatory function: regardless of how bad contemporary defeats were, the opponent's end was a certainty".
At issue are the source, forms and determinants of the magnitude of surplus-value [3] and Marx tries to explain how after failing to solve basic contradictions in its labour theories of value the classical school of political economy eventually broke up, leaving only "vulgar political economy" which no longer tried to provide a consistent ...