Finance and the Realization Problem in Rosa Luxemburg: a ‘Circuitist’ Reappraisal

Riccardo Bellofiore and Marco Veronese Passarella

Chapter 6 in The Political Economy of Monetary Circuits, 2009, pp 98-115 from Palgrave Macmillan

Abstract: Abstract The aim of this chapter is to show that Rosa Luxemburg’s analysis of capitalist accumulation is framed within a ‘circuitist’ macroeconomic reading of capitalism as a monetary production economy. The strengths and limits of her approach are to be found elsewhere than suggested by usual criticisms, especially those advocated by Marxist authors. Rosa Luxemburg cannot be reduced to the uncertain theoretical status of an ‘under-consumptionist’. On the contrary, she presents a clear (although incomplete) picture of the macro-monetary and sequential working of the capitalist process.

Keywords: Political Economy; Wage Earner; Capitalist System; Effective Demand; Industrial Capitalist (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (3)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-24572-3_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230245723

DOI: 10.1057/9780230245723_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().