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

[c b]

On Tue, Jul 2, 2013 at 10:33 AM, Angelus Novus
<fuerdenkommunismus at yahoo.com> wrote:
>
>
> "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."

^^^^^^^
CB: Nor permanent revolution
>
>
> Theories of Surplus-Value
>
>
> http://www.marxists.org/archive/marx/works/1863/theories-surplus-value/ch17.htm
>
>
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