On Sep 3, 2010, at 12:44 PM, James Heartfield wrote:
> a theory of permanent crisis. That's not Marx, it is Sisimondi
Marx, from the Grundrisse:
Those economists who, like Ricardo, conceived production as directly identical with the self-realization of capital - and hence were heedless of the barriers to consumption or of the existing barriers of circulation itself, to the extent that it must represent counter-values at all points, having in view only the development of the forces of production and the growth of the industrial population - supply without regard to demand - have therefore grasped the positive essence of capital more correctly and deeply than those who, like Sismondi, emphasized the barriers of consumption and of the available circle of counter-values, although the latter has better grasped the limited nature of production based on capital, its negative one-sidedness. The former more its universal tendency, the latter its particular restrictedness....