Theory of Crisis

Kozo Uno's Theory of Crisis presents an unparalleled and systematic demonstration of the inevitability of crisis under the capitalist mode of production. Based on a radical re-interpretation of Marx's Capital, Uno's theory of crisis emphasizes 'excess capital alongside surplus populations' and 'the commodi fication of labour power' at the heart of Marx's theory of crisis, and additionally provides a concise overview of capitalist crises from the stage of mercantilism to the imperialist stage of capitalism. Included are two Appendix essays by Uno, which disentangle theoretical di fficulties related to the theory of crisis in Marx's Capital, and two original and contemporary essays by Professors Makoto Itoh and by Ken Kawashima and Gavin Walker. This book was originally published in Japanese as Kyoko-ron by Iwanami Shoten, 1953.