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There is a long history of interpreting crisis theory, rather as a theory of cycles than of crisis. An example in 2013 by Peter D. Thomas and Geert Reuten, "Crisis and the Rate of Profit in Marx's Laboratory" suggests controversially that even Marx's own critical analysis can be claimed to have transitioned from the former toward the latter. [46]
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 ...
Until Grossman's work becomes fully available in English, Mattick's Economic Crisis and Crisis Theory remains the most readily available articulation of the necessity of revolutionary theory for today's conditions. The 1970s saw a resurgence of Marxist studies which sought to assimilate the theoretical gains which had been lost to working class ...
An economic crisis is a sharp transition to a recession. See for example 1994 economic crisis in Mexico, Argentine economic crisis (1999–2002), South American economic crisis of 2002, Economic crisis of Cameroon. Crisis theory is a central achievement in the conclusions of Karl Marx's critique of Capital.
Many economists agree that the crisis stemmed from an economic bubble, but neither of the major macroeconomic schools within the synthesis had paid much attention to finance or a theory of asset bubbles. [195] The failures of macroeconomic theory at the time to explain the crisis spurred macroeconomists to re-evaluate their thinking. [197]
The theory states that a crisis recurs in American history after every saeculum, which is followed by a recovery (high). During this recovery, institutions and communitarian values are strong. Ultimately, succeeding generational archetypes attack and weaken institutions in the name of autonomy and individualism , which eventually creates a ...
Discourse of renewal is a theory in crisis communication that seeks to establish and emphasize "learning from the crisis, ethical communication, communication that is prospective in nature, and effective organizational rhetoric.” [1]
Critical Social Theory: Culture, History, and the Challenge of Difference. Blackwell. ISBN 1557862885 – A survey of and introduction to the current state of critical social theory. Charmaz, K. 1995. "Between positivism and postmodernism: Implications for methods." Studies in Symbolic Interaction 17:43–72. Conquergood, D. 1991.