Marx's Theory of Economic Crisis

Cliff Bowman
YouTube, 2009
Level: leicht
Perspektive: Marxistische Politische Ökonomik
Thema: Krisen, Reflexion der Ökonomik
Format: Interview
Dauer: 00:09
Link: https://www.youtube.com/watch?v=-e8rt8RGjCM

A concise introduction to Marx's Labour Theory of Value, the three ratios (the rate of surplus value, the rate of profit, and the organic composition of capital), and the falling rate of profit hypothesis. The result, a short explanation of why the world economy is in a mess, from Karl Marx.

Comment from our editors:

It is concise, lucidly articulated and enough to get the basic picture of these concepts.

Go to: Marx's Theory of Economic Crisis

Tags: capitalism | crisis of capitalism | labour theory of value | mainstream critique | surplus value
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