Marxist Crisis Theory: Challenging the Tendency of the Rate of Profit to Fall

In this last of his three talks on Marx, political economist Jack Rasmus challenges one of the competing Marxian theories of crisis – the tendency of the rate of profit to fall. Marx is also erroneously dismissed by mainstream economics for not solving the transformation problem. This means explaining how values are transformed into prices. In both cases, the financialization of capital explains capitalist crises the best.
Read Jack Rasmus in Alternative Visions

Leave a Reply

Your email address will not be published. Required fields are marked *