... of development economics theories involved learning in the field and developing new analyses and concepts out of this experience, not just taking ideas from other fields and applying them in a different context. During the 1950s the discipline prospered but, by the 1960s, it faced a crisis, for it came...

... 2009 by Duke University Press 2009 Dunoyer Say Sismondi Crisis Theory Business cycles Nature of things Aftalion, Albert. 1899 . L'œuvre économique de Simonde de Sismondi . Paris: A. Pedone. ———. 1908 . La réalité des surproductions générales: Essai d'une théorie des crises...

..., crisis theory, the theory of monopoly capitalism, and the theory of transition (from feudalism to capitalism and from capitalism to social- ism). His Theory of cupitulist developrnwzt (1942) and (with Paul Baran) Monop- oly cupitul(l966) remain key texts for any new student of Mamian theory...

... than it was a technocratic theory and practice of how best to obtain them—a progressive method of economic governance. Though American economics cast its vocational lot with the regulatory state, left and right progressive economists offered different visions of the state's role in economic life...

.... A second section discusses the basic features of Luther's economic “theory.” This gives rise to a brief discussion of the development of the money supply in Germany in the period and the most likely development in the velocity of the circulating coins. Both are important for setting the context...

...George S. Tavlas During the early 1930s University of Chicago economists developed a comprehensive set of policy proposals that presaged those proposed by Fed economists and academics in the aftermath of the 2007–8 financial crisis. Using the quantity-theory framework to analyze the business cycle...

...Michael Perelman By Enrique Dussel. Translated by Yolanda Angulo. London: Routledge, 2001. xl; 273 pp. $115.00. 2003 Perelman, Michael. 1987 . Karl Marx's Crisis Theory: Labor, Scarcity, and Fictitious Capital . New York:Praeger. 356 Book Reviews increase in the demand...

.... What did it mean for the future of the capitalist system and the prospects for socialism? And how could it be explained, consistently with Marx’s theory of crisis? Section I1 deals with the very different views which Marxian econo- mists held as to the character of the Great Depression...

... dodger. Perelman does not deal with much of the literature and traditional interpreta- tions of Marx’s crisis theories. Underconsumption crises and stagnation of the type associated with Paul Sweezy and the Monthly Review school are scarcely touched. General sectoral crises...

... scholarly writings, such as Capital, Marx was a theoretical dodger. Perelman does not deal with much of the literature and traditional interpreta- tions of Marx’s crisis theories. Underconsumption crises and stagnation of the type associated with Paul Sweezy and the Monthly Review school...

... the evolution of Marx’s crisis theory over the years and possibly recon- struct what Marx might have added to Capital on crises, given a few more years of life. In Chapter 5, Itoh considers the history of similar ideas among the disciples after Marx’s death. He sees the picture as a fairly steady...

...-Keynesian theory. More recent Marxist contributions are also explained by Wilber and Jameson, with emphasis placed on explanations of the current crisis (1983). The authors suggest that even though Marxist cycle and crisis theories are valid, “Marxists offer us no stabilization policy prescriptions...

... from cover to cover” (6), and the same is true of this monumental study of the treatment of economic crises and cycles in such refer- ence works, produced by a European research network on business cycle and crisis theories. Part 1, four introductory chapters by Besomi, can be read as a unit...

... in creating a series of exceptionally clear flow diagrams to illustrate Marx’s conceptual framework. Michael Perelman,California State University,Chico Reference Perelman,Michael. 1987. Karl Marx’s Crisis Theory: Labor, Scarcity, and Fictitious Capital. New York: Praeger...

... ‘ ‘ Crisis Barom- eters, ” summarining the indicator-type statistics used in the course, together with some mention of theories or discussions relating to the significance of particular faotors ; three pages simply entitled “Selden,” summarizing, it turns out, a 1902 article by Andrew’s...

..., though the programme of the ‘world capitalism’ camp seems to have lost its initial impact. The most progressive research topics at the level of the Principles after Uno have been value theory, rent theory, credit theory, and crisis theory. On value, Uno’s followers have come to think...

.... The Tendency of the Surplus to Rise, 1963-1988. Monthly Review 43.4:37-50. DeMartino, George. 1993. The NecessityKontingency Dualism in Marxian Crisis 752 History of Political Economy 27:4 (1995) Theory: The Case of Long-Wave Theory. Review of Radical Political Economics 25.3168-74. Dutt...

... (to which we pointed above) that in- dividual cycles may differ considerably from one another, Bauer ends the chapter on crisis theory by describing the course of business cycles in the post-World War I period. In each of these cycles Marxian crisis elements occur-if not in a rigidly prescribed...

... history of crisis theories, reports the opinions of the French farmer Briaune who thought that modern business cycles were the continua- tion of the fourteen-year harvest cycle revealed to Joseph in his Egyp- tian dream (1895, 230-40). The best-known protagonist of this approach was William...

... should cause the market rate of interest to increase. Hayek’s Prices and Production describes the process where the rate of interest increases. Modern interpreters of the Hayekian crisis theory argue that the second scenario is the more likely. “We suggest, further...