Cyclical Crisis

David Laibman
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David Laibman: City University of New York

Chapter 9 in Capitalist Macrodynamics, 1997, pp 85-98 from Palgrave Macmillan

Abstract: Abstract The consistent path provides a framework for study of capitalism’s long-term dynamics. However, just as there is no rigid wall separating micro and macro analysis in the Marxian tradition, there cannot be a strict separation between short-term, or cyclical, behavior and long-term structural change. The theory of cyclical crises along the accumulation path provides essential material for the longer view of crisis, which seeks to identify ultimate immanent limits to capitalist reproduction.

Keywords: Capital Stock; Consumer Good; Capital Good; Accumulation Ratio; Profit Share (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37534-5_9

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DOI: 10.1057/9780230375345_9

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