In Pursuit of Marx's Theory of Crisis

A groundbreaking work of Marxian economics, this book sets out to complete Marx’s unfinished theory of crisis.Karl Marx wrote extensively on crisis but never transformed these reflections into a coherent theory. Starting from Marx’s observation that the crises of the world market are the 'real concentration and forcible adjustment of all the contradictions of the bourgeois economy', Samezō Kuruma, a Japanese Marxian economist, seeks to grasp the inherent contradictions that drive forward and limit capitalism. His focus on the contradictory dynamics of capitalism sets him apart from Marxian thinkers who try to identify a single, primary cause of crisis. This volume brings together the entirety Kuruma’s writing related to crisis.