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Marx's Theory of Economic Crisis

Cliff Bowman
YouTube, 2009
Level: beginner
Perspective: Marxian Political Economy
Topic: Crises, Reflection of Economics
Format: Interview
Duration: 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
Die alten kapitalistischen Zentren, aber auch die großen Schwellenländer befinden sich inmitten eines epochalen Umbruchs. Politikansätze, die das Problem der Klimaungerechtigkeit ignorieren, werden heftige Widerstände gegen die sozial-ökologische Transformation auslösen. Ein Beitrag von Klaus Dörre. 2023 Level: beginner Antworten auf die Zangenkrise Klaus Dörre Economists for Future Mit allerhöchster Wahrscheinlichkeit neoklassische Ansätze, denn diese dominieren das Studium der VWL heutzutage an den meisten Universitäten. Jedoch ist der Begriff 'Neoklassik' mittlerweile selbst zu einem Streitthema geworden. Verteidiger des Mainstreams verstehen Neoklassik zumeist eng und beziehen sich auf die ideengeschichtliche Entwicklung der allgemeinen Gleichgewichtstheorie (Jevons, Arrow und Debreu) sowie das Wachstumsmodell von Solow. 2018 Level: beginner Stickeraktion: Studiere ich VWL oder Neoklassik?   Netzwerk Plurale Ökonomik e.V. Lean Logic is the late David Fleming’s masterpiece, the product of more than thirty years’ work and a testament to the creative brilliance of one of Britain’s most important intellectuals. A dictionary unlike any other, it leads readers through Fleming’s stimulating exploration of fields as diverse as culture, history, science, art, logic, ethics, myth, economics, and anthropology, being made up of four hundred and four engaging essay-entries covering topics such as Boredom, Community, Debt, Growth, Harmless Lunatics, Land, Lean Thinking, Nanotechnology, Play, Religion, Spirit, Trust, and Utopia. The threads running through every entry are Fleming’s deft and original analysis of how our present market-based economy is destroying the very foundations—ecological, economic, and cultural— on which it depends, and his core focus: a compelling, grounded vision for a cohesive society that might weather the consequences 2020 Level: beginner Lean Logic: A Dictionary for the Future and How to Survive It the late Dr. David Fleming LeanLogic.online The module is designed to first present some of the main schools of thought from a historical and methodological perspective. Each week we explore and critically assess the main tenants of each school of thought. In the second part of the module we link history of economic thought and methodology to a specific and contemporary economic question. The second part allows you to engage with current economic issues with an awareness of methodology and methodological differences and with some knowledge of the history of economics. 2019 Level: beginner History of Economic Thought Dr. Jeff Powell University of Greenwich

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