World in Crisis: A Global Analysis of Marx's Law of Profitability

by Michael Roberts (Editor), Guglielmo Carchedi (Editor)

Most mainstream economists view capitalism's periodic breakdowns are nothing more than temporary aberrations from another wise unbroken path toward prosperity. For Marxists, this fundamental flaw has long been acknowledged as a central feature of the free market system. This groundbreaking volume brings together Marxist scholars from around the world to offer an empirically grounded defence of Marx's law of profitability and its central role in explaining these capitalist crises.

Genres: Economics, Nonfiction

450 pages, Paperback

Published October 1, 2018

About the author

Michael Roberts has worked as an economist for over thirty years in the City of London financial center.

Reviews

[Jake]

An astute empirical analysis of the global economy by a variety of authors, emphasizing the classical Marxist Law of the Tendency of the Rate of Profit to Fall. The explanatory power of this type of analysis seems indisputable to me.

[Mel Stead]

Review from the March 2019 issue of the Socialist Standard:

https://socialiststandardmyspace.blog...