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Capitalism and Forms of Capitalism

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  • David M. Kotz

Abstract

To understand a severe economic crisis such as that of 2008, it is not sufficient to analyze capitalism-in-general along with various economic policy decisions and contingent events. An adequate analysis requires taking account of the particular form of capitalism. This approach to crisis theory is illustrated by an examination of the roots of the economic crisis that broke out in 2008 in the United States.

Suggested Citation

  • David M. Kotz, 2015. "Capitalism and Forms of Capitalism," Review of Radical Political Economics, Union for Radical Political Economics, vol. 47(4), pages 541-549, December.
    • Handle: RePEc:sae:reorpe:v:47:y:2015:i:4:p:541-549
    DOI: 10.1177/0486613415584573
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    References listed on IDEAS

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    1. Weisskopf, Thomas E, 1979. "Marxian Crisis Theory and the Rate of Profit in the Postwar U.S. Economy," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 3(4), pages 341-378, December.
    2. Deepankar Basu & Ramaa Vasudevan, 2013. "Technology, distribution and the rate of profit in the US economy: understanding the current crisis," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 37(1), pages 57-89.
    3. Bowles, Samuel & Edwards, Richard & Roosevelt, Frank, 2005. "Understanding Capitalism: Competition, Command, and Change," OUP Catalogue, Oxford University Press, edition 3, number 9780195138658.
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    Cited by:

    1. Miguel D. Ramirez, 2019. "Credit, Indebtedness and Speculation in Marx's Political Economy," Economic Thought, World Economics Association, vol. 8, pages 46-62, December.

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    More about this item

    Keywords

    crisis theory; capitalism; institutions;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General

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