Value and Crisis: Essays on Marxian Economics in Japan, Second Edition by Makoto Itoh

Author:Makoto Itoh [Itoh, Makoto]
Language: eng
Format: epub
Tags: political science, Political Ideologies, Communism; Post-Communism & Socialism
ISBN: 9781583679005
Google: iNfaDwAAQBAJ
Publisher: NYU Press
Published: 2020-12-30T23:43:56.316915+00:00

7

Marxist Theories of Crisis

THERE ARE A VARIETY of Marxist theories of crisis. Why are they so hard to unify? Is it not possible to maintain all of them as different models which can be selected and applied depending on the circumstances? In what direction and how should we complete Marx’s theory of crisis? I shall attempt to provide some answers to these questions, beginning with a review of the principal Marxist theories of crisis. Since my own view is based on one particular theory, and not a mixture of various types, it is also necessary to demonstrate how we can treat the seemingly disparate phenomena of crisis that characterize the development of capitalism from the standpoint of one theory. While attempting to be consistent in my position I shall try to explain as objectively as possible the source of the diversity within Marxian crisis theories and how this problem can be overcome.

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