Monocausality and crisis theory: a reply to David Harvey

Roberts, Michael

doi:10.4337/9781784716493.00012

Cited by 8 publications

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“…Ultimately, recessions occur because of falling investment demand, in turn, explained by insufficient profitability. This is the main aspect of the other side of economic growth, that is, the essence of the Marxian theory of crisis, which in any case could be manifested in different forms (Freeman 2016; Roberts 2016).…”

Section: Theoretical Aspectsmentioning

confidence: 99%

The Accumulation of Capital and Economic Growth in Brazil: A Long-Term Perspective (1950–2008)

Mateo

2018

Review of Radical Political Economics

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This article analyses the development of economic growth in Brazil in terms of capital accumulation, following the Marxist approach. The aim is to identify the relationship between the two processes, looking at the profit rate, which along with investment effort determines productive investment. In turn, this one affects the capital-labour ratio and labour productivity. Both, with the addition of the price ratio, determine the productivity of capital, a key variable in understanding the accumulation process in Brazil. Using the period 1950-2008 allows comparing two phases in the Brazilian economy, the period of substitutive industrialisation and the neoliberal phase, all from the perspective of the relationship between the aforementioned variables.

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Section: Theoretical Aspectsmentioning

confidence: 99%

The Accumulation of Capital and Economic Growth in Brazil: A Long-Term Perspective (1950–2008)

Mateo

2018

Review of Radical Political Economics

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“…Harvey's criticism of the LTRPF, published as a draft of an essay, gave an impetus to a lively academic debate. Michael Roberts responded to Harvey about the forced monocausality of the "law" by stating that crises have different "triggers", whereas conceptualisation of capital in LTRPF "starts with the 'general', or should we say with the 'abstract', and proceeds step by step to the concrete" (Roberts 2014). Kliman also responded to Harvey's arguments by stating that Marx "argued that a decline in the rate of profit leads to a crisis indirectly and after some delay.…”

Section: Productivity and The Peripherymentioning

confidence: 99%

The Centre and the Periphery: Productivity and the Global Networked Public Sphere

Sekloča

2018

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The author examines consequences of expansion strategies of commercial network media, and compares them to ideals of open and accessible public communication. These strategies level out the falling rates of profits that the increased productivity of labour is bringing. Counter-measures of media industries manipulate the amounts of variable and constant capital (outsourcing of labour, shifting of depreciation costs on users, and specialisation). These processes, which are specific to platform business models, ultimately give rise to fragmentation, individualisation and ideological homogenisation of the peripheral public. The public becomes ideologically similar to the centres of power, whereas its critical potential and, consequently, its effective political freedom decreases. While both the political and the economic subsystems and the public alike use network communication to organise their activities, interaction between the two social domains (the system and the lifeworld) resembles an ‘interactive top-down communication structure’. Inclusion of citizens-consumers into the productivity race renders interactivity similar to one-way communication.

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“…Para entenderlo abstractamente, no hay que perder de vista que, a pesar de estar inseparablemente imbricados 1. Recojo aquí de entre los debates más recientes que conozco, los de Kliman con Harvey (Harvey y Kliman, 2016); Roberts con Harvey (Roberts, 2016); Carchedi con Heinrich (Carchedi, 2009); Heinrich (2013); Mattick jr. con Harvey (2008); Tapia (2003) en diálogo con Katz, Mandel y Mattick; Kliman, Freeman, Potts, Gusev y Cooney (2013) contra Heinrich;Heller (2003); Katz (2002); Astarita (2012); Kliman (2013), Carchedi y Roberts (2013); Roberts (2020a). Una síntesis de algunos de estos y otros debates, con buena bibliografía, tiene Murcia (en prensa).…”

Section: Introductionunclassified

Sobre la importancia de la tasa de ganancia en la crisis capitalista. Una contribución al debate

Piqueras Infante

2024

Disjuntiva

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Este escrito pretende contribuir a la ya larga polémica sobre la importancia de la tasa media de ganancia productiva capitalista en las crisis de este modo de producción. Tras repasar algunos de los puntos centrales sobre los que ha versado el debate, especialmente entre marxistas, el texto se centra sobre todo en la relación entre la tasa y la masa de ganancia. Se utiliza bibliografía explicativa de referencia y se muestran las razones de la caída tendencial de la tasa de ganancia (CTTG), y cómo la masa de ganancia no se puede desligar indefinidamente de esa caída. Esta última, la CTTG, se evidencia como una fuerza de gravedad ineludible en el capitalismo y para el capitalismo, de manera que los intentos de evitarla, contrarrestarla o posponerla terminan por arrastrar al Sistema hacia crisis cada vez mayores, propio de quien se subiera a una montaña cada vez más alta para desafiar tal fuerza de gravedad. Tras repasar algunas de las consecuencias más graves de esos intentos (exacerbada autonomía del capital a interés especulativo parasitario, generación de ganancias ficticias, reparto fiduciario de un anticipado nuevo valor, merma de las condiciones sociales y laborales, guerra y esquilmación de recursos, entre otras) se indica que el resultado lleva tendencialmente a la Crisis del propio Capitalismo.

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Monocausality and crisis theory: a reply to David Harvey

Cited by 8 publications

References 0 publications

The Accumulation of Capital and Economic Growth in Brazil: A Long-Term Perspective (1950–2008)

The Accumulation of Capital and Economic Growth in Brazil: A Long-Term Perspective (1950–2008)

The Centre and the Periphery: Productivity and the Global Networked Public Sphere

Sobre la importancia de la tasa de ganancia en la crisis capitalista. Una contribución al debate

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