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The explosion of the current world crisis: an illustration of the instability of capitalism. A Marxist view

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  • Fabien Tarrit

    (REGARDS - Recherches en Économie Gestion AgroRessources Durabilité Santé- EA 6292 - URCA - Université de Reims Champagne-Ardenne - MSH-URCA - Maison des Sciences Humaines de Champagne-Ardenne - URCA - Université de Reims Champagne-Ardenne)

Abstract

Karl Marx demonstrated that capitalism as a mode of production is a structurally unstable system; this has been illustrated by the recent period, especially the current crisis. This article is a contribution to a Marxian explanation of the current crisis, analyzing it as an expression of the tendency of the rate of profit to fall; it focuses on the first stage of the development of the crisis, understood as an outcome of the instability of capitalism and it identifies its specificities.

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  • Fabien Tarrit, 2009. "The explosion of the current world crisis: an illustration of the instability of capitalism. A Marxist view," Working Papers hal-02020890, HAL.
    • Handle: RePEc:hal:wpaper:hal-02020890
    Note: View the original document on HAL open archive server: https://hal.science/hal-02020890
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    References listed on IDEAS

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    Keywords

    capitalism; economic crisis; rate of profit; exploitation;
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