The explosion of the current world crisis: an illustration of the instability of capitalism. A Marxist view

Fabien Tarrit ()
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Fabien Tarrit: REGARDS - Recherches en Économie Gestion AgroRessources Durabilité Santé- EA 6292 - URCA - Université de Reims Champagne-Ardenne - MSH-URCA - Maison des Sciences Humaines de Champagne-Ardenne - URCA - Université de Reims Champagne-Ardenne

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Abstract: Karl Marx demonstrated that capitalism as a mode of production is a structurally unstable system; this has been illustrated by the recent period, especially the current crisis. This article is a contribution to a Marxian explanation of the current crisis, analyzing it as an expression of the tendency of the rate of profit to fall; it focuses on the first stage of the development of the crisis, understood as an outcome of the instability of capitalism and it identifies its specificities.

Keywords: capitalism; economic crisis; rate of profit; exploitation (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-hme and nep-pke
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