[lbo-talk] Marx: "Permanent Crises Do Not Exist"

Angelus Novus fuerdenkommunismus at yahoo.com
Tue Jul 2 10:33:55 PDT 2013


"When Adam Smith explains the fall in the rate of profit from an over-abundance of capital, an accumulation of capital, he is speaking of a permanent effect and this is wrong.  As against this, the transitory over-abundance of capital, over-production and crises are something different.  Permanent crises do not exist."

Theories of Surplus-Value

http://www.marxists.org/archive/marx/works/1863/theories-surplus-value/ch17.htm



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