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Cyclical Crisis

In: Capitalist Macrodynamics

Author

Listed:
  • David Laibman

    (City University of New York)

Abstract

The consistent path provides a framework for study of capitalism’s long-term dynamics. However, just as there is no rigid wall separating micro and macro analysis in the Marxian tradition, there cannot be a strict separation between short-term, or cyclical, behavior and long-term structural change. The theory of cyclical crises along the accumulation path provides essential material for the longer view of crisis, which seeks to identify ultimate immanent limits to capitalist reproduction.

Suggested Citation

  • David Laibman, 1997. "Cyclical Crisis," Palgrave Macmillan Books, in: Capitalist Macrodynamics, chapter 9, pages 85-98, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37534-5_9
    DOI: 10.1057/9780230375345_9
    as

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