World in Crisis gathers leading Marxist economists to examine the structural flaws of capitalism through Marx’s law of profitability. Contributors argue that the long-term tendency for profit rates to fall underpins recurring downturns in output, investment and employment.
Contrary to mainstream views that treat recessions as anomalies, this volume offers rigorous data and case studies from diverse economies. Essays validate Marx’s hypothesis that the falling rate of profit drives modern capitalist crises and shapes long-term economic trends.
Highlights
- Empirical evidence for Marx’s law of profitability
- Comparative case studies across global economies
- In-depth analysis of capital accumulation and crises
- Contributions from leading Marxist scholars
Spanning theory and praxis, World in Crisis confronts questions about accumulation, value, and the systemic limits of profit-driven markets. The collection bridges historical analysis with contemporary debates on economic stability and inequality.
Whether you’re researching political economy or exploring alternative crisis theories, these essays offer detailed analyses and critical insights into capitalism’s recurrent breakdowns.
