Advertisement

The Materialist Conception of the Crisis

  • Juan Pablo Mateo ToméEmail author
Chapter

Abstract

In this chapter, the theoretical foundations of the conception of crisis are explained. The crisis is viewed as a necessary moment of the process of capital accumulation, this need arising from both its inevitability and its indispensability. The author thus establishes the bases from which to analyze the Great Recession in Spain: methodological aspects, the role of production and the law of value, and the place that the crisis occupies in the economic thought. The crisis is shown as an absolutely central reality, for which the author claims the relationship that the theory of crisis has with the foundations of economic theory—in particular, with a materialist approach that highlights the fundamental structures of the capitalist system. These methodological foundations reveal as well the deep and radical distance that separates this theory from other accounts of the possibility of crisis.

Keywords

Labor theory of value Materialism Tendency Production Economic law 

References

  1. Astarita R (2011) Ley de Say, Marx y las crisis capitalistas. http://rolandoastarita.wordpress.com/?blogsub=confirming#subscribe-blog. Accessed 28 Oct 2018.
  2. Carchedi G (2011) Behind the crisis. Marx’s dialectics of value and knowledge. Brill, Leiden and Boston.CrossRefGoogle Scholar
  3. Cohen G (1978) Karl Marx’s theory of history. A defence. Princeton University Press, Princeton NJ.Google Scholar
  4. Fleetwood S (2012) Laws and tendencies in Marxist political economy. Capital & Class 36(2):235–262.Google Scholar
  5. Freeman A (2010a) Marxism without Marx: a note towards a critique. Capital & Class 34(1):84–97.Google Scholar
  6. Freeman A (2010b) Crisis and ‘law of motion’ in economics: a critique of positivist Marxism. Research in Political Economy 26:211–250.Google Scholar
  7. Freeman A (2016) Booms, depressions and the rate of profit: a pluralist, inductive guide. In: Subasat T (ed) The great financial meltdown. Systemic, conjunctural or policy created? Edward Elgar, Northampton MA, p 73–96.Google Scholar
  8. Gintis H (1992) The analytical foundations of contemporary political economy: a comment on Hunt. In: Roberts R, Feiner S (eds) Radical economics. Kluwer Academic Publishers, Boston, p 108–116.Google Scholar
  9. Guerrero D (2018) Las crisis económicas y la incompatibilidad entre capitalismo y democracia. In: Guerrero D, Nieto M (eds) Qué enseña la economía marxista. 200 años de Marx. El Viejo Topo, Barcelona, p 171–198.Google Scholar
  10. Kliman A (2007) Reclaiming Marx’s Capital: a refutation of the myth of inconsistency. Lexington Books, Lanham.Google Scholar
  11. Mandel E (1976) El Capital: cien años de controversia en torno a la obra de Karl Marx. Siglo XXI, Madrid.Google Scholar
  12. Marx K (1857a–58). Economic Manuscripts of 1857–58. Marx & Engels Collected Works, vol. 28. Lawrence & Wishart, London.Google Scholar
  13. Marx K (1857b–58). Outlines of the critique of political economy (rough draft of 1857–58) [second instalment], vol. 29, p 5–256. Lawrence & Wishart, London.Google Scholar
  14. Marx K (1859) A contribution to the critique of political economy. Marx & Engels Collected Works, vol. 29, p 257–417. Lawrence & Wishart, London.Google Scholar
  15. Marx K (1861–63) A contribution to the critique of political economy. Marx & Engels Collected Works, vol. 32. Lawrence & Wishart, London.Google Scholar
  16. Marx K (1867) Capital, vol. I. Marx & Engels Collected Works, vol. 35. Lawrence & Wishart, London.Google Scholar
  17. Marx K (1885) Capital, vol. II. Marx & Engels Collected Works, vol. 36. Lawrence & Wishart, London.Google Scholar
  18. Marx K (1894) Capital, vol. III. Marx & Engels Collected Works, vol. 37. Lawrence & Wishart, London.Google Scholar
  19. Mateo JP (2007) La Tasa de ganancia en México, 1970–2003. Análisis de la crisis de rentabilidad a partir de la composición del capital y la distribución del ingreso. Dissertation, Complutense University de Madrid.Google Scholar
  20. Mateo JP (2018a). Teorías económicas, crisis y la crítica del reformismo. In: Guerrero D, Nieto M (eds) Qué enseña la economía marxista. 200 años de Marx. El Viejo Topo, Barcelona, p 201–232.Google Scholar
  21. Mateo JP (2018b) Marx’s law of the profit rate and the reproduction of capitalism. Neither determinism nor overdetermination. World Review of Political Economy 9(1):41–60.CrossRefGoogle Scholar
  22. Mateo JP (2018c) Capital, trabajo y la ley general de la acumulación. Sociología Histórica, 9: 507–534.Google Scholar
  23. Mateo JP, Lima V (2012) Aspectos metodológicos en el análisis del cambio tecnológico. Una perspectiva holista. Principios: Estudios de Economía Política 20:105–126.Google Scholar
  24. Mattick P (1969) Marx and Keynes: the limits of the mixed economy. Porter Sargent, Boston.Google Scholar
  25. Morishima M (1973) Marx’s economics: a dual theory of value and growth. Cambridge University Press, Cambridge.Google Scholar
  26. Sanjuán C (2019) Historia y sistema en Marx. Hacia una teoría crítica del capitalismo. Siglo XXI, Madrid.Google Scholar
  27. Shaikh A (1990) Valor, acumulación y crisis: ensayos de economía política. Tercer Mundo Editores, Bogotá.Google Scholar
  28. Shaikh A (2016) Capitalism: competition, conflict, crises. Oxford University Press, New York.Google Scholar
  29. Smith M (1994) Invisible leviathan: Marxist critique of market despotism beyond postmodernism. University of Toronto Press, Toronto.Google Scholar
  30. Tapia JA (2009) Causas de las crisis: especulación financiera, burbujas inmobiliarias, machismo desaforado y otras explicaciones económicas de nuestra penuria. Ensayos de Economía 34:35–46.Google Scholar
  31. Tsoulfidis L (2010) Competing schools of economic thought. Springer, Berlin.Google Scholar
  32. Weeks J (2010) Capital, exploitation and economic crisis. Routledge, London.CrossRefGoogle Scholar
  33. Wolff EN (2001) The recent rise of profits in the United States. Review of Radical Political Economics 33(3):315–324.CrossRefGoogle Scholar
  34. Wolff R, Resnick S (2012) Contending economic theories: Neoclassical, Keynesian, and Marxian. MIT Press, Cambridge MA.Google Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.University of ValladolidSegoviaSpain

Personalised recommendations