Failure of Capitalist Production
- Book: Andrew Kliman. The Failure of Capitalist Production. Pluto Press, 2012.
URL = http://www.plutobooks.com/display.asp?K=9780745332406&
Description
'Andrew Kliman was frequently surprised by what he uncovered when doing the research behind it. Much conventional wisdom on the left attributes the Great Recession to free-market policies, “financialization” of the economy, and stagnant wages. Kliman himself is a leftist economist, yet the more he delved into the data, the more he came to reject such explanations. In the end, he concluded, Karl Marx’s theory of economic crisis fits the facts. The Great Recession and its persistent after-effects are the results of a half-century-long decline in profitability and the consequences of that decline––decades of weak investment, sluggish economic growth, and mounting debt problems. Kliman will also explore possible pathways out of this crisis of profitability."
Bio
Bio: Andrew Kliman, a professor of economics at Pace University in New York, is the author of Reclaiming Marx’s “Capital”: A Refutation of the Myth of Inconsistency (Lexington Books 2007) and other writings on crisis theory, value theory, and related topics.
More Information
Interview on the recently released book: http://dietsoap.podomatic.com/entry/2011-11-07T00_29_14-08_00