Capitalist Crisis Explained In Ten Minutes: Tendency of Rate of Profit to Fall

Many of you understandably throw your hands in the air in despair of ever understanding economics. But that is because you’ve been throw into a smoke-and-mirrors course on basic bourgeois economics. Marx’s economics are down to earth and can be understood without mathematics. While there are today competing theories about capitalist crisis, the theory of the tendency of the rate of profit to fall was Marx’s original theory.

Image from The Next Recession

About Bruce Lerro

Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his five books: "From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning", "Power in Eden: The Emergence of Gender Hierarchies in the Ancient World" (co-authored with Christopher Chase-Dunn), "Social Change: Globalization from the Stone Age to the Present", "Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized", and "The Magickal Enchantment of Materialism: Why Marxists Need Neopaganism". He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia, WA.

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