Theory of Crisis

Kz Uno ( , November 12, 1897 February 22, 1977) is one of Japans most important Marxist economists, known for his logical purification of Marxs exposition in Capital, and his theory the historical stages of capitalist development.Ken C. Kawashima is Associate Professor at the University of Toronto, and author of The Proletarian Gamble: Korean Workers in Interwar Japan (Duke, 2009), and co-editor of Tosaka Jun: A Critical Reader (Cornell, 2013).Gavin Walker is Associate Professor at McGill University, and author of The Sublime Perversion of Capital (Duke, 2016); editor of The End of Area (Duke, 2019 with Naoki Sakai) and The Red Years: Theory, Politics, Aesthetics in the Japanese 68 (Verso, forthcoming 2020); editor and translator of Kojin Karatanis Marx: Towards the Centre of Possibility (Verso, 2020).

• Translator’s PrefaceAuthor’s PrefaceUno Kōzō, Kyoko Ron (Theory of Crisis)Introduction1 Classical Phenomena of Crises2 The Theory of Crisis and Foreign Trade3 The Role of Commercial Capital in Relation to the Phenomena of Crisis4 The Possibility and Inevitability of Crisis in Capitalist Society1 Prosperity1 The Accumulation of Capital in the Phase of Prosperity2 The Role Performed by Credit3 Speculative Development and the Rise in Prices2 Crisis1 The Collision between the Profit Rate and the Interest Rate2 The Excess of Capital and the Excess (Surplus) of Populations3 The Destruction of the Value of Capital3 Depression1 The Stagnation of the Reproduction Process2 Inaugurating New Accumulation through Improvements to the Production Process3 The Turn towards Prosperity4 The Turnover Period of the Business Cycle5 The Inevitability of Crisis in Capitalist Society1 Mechanical Inevitability and Historical Inevitability2 The Inevitability of Crisis and the Inevitability of Collapse3 The Theory of Crisis and the Analyses of CrisesAppendix 1: Problems of the Theory of Crisis in CapitalAppendix 2: Capital and the Demonstration of the Inevitable Ground of CrisisGuiding CommentsMakoto ItohSupplementary Essay: Uno Kōzō’s Theory of Crisis TodayKen C. Kawashima and Gavin WalkerWorks Cited in Theory of CrisisIndex