...- tion of the opposing views. A fine effort and a pleasure to read, this is a splendid analysis of the history of econometrics and an important contribution to the literature. Colorado College VIBHA KAPURIA-FOREMAN Marx’s Crises Theory: Scarcity, Labor, and Finance...

...Robert W. Dimand Reference Ingram John Kells . 1888 . A History of Political Economy . New York : Macmillan . Copyright 2014 by Duke University Press 2014 Crises and Cycles in Economic Dictionaries and Encyclopaedias . Edited by Besomi Daniele . London...

...Rabah Benkemoune This article shows that Charles Dunoyer sought to reinterpret Sismondi's theory of crises in a manner that would render it compatible with Say's political economy. While Sismondi considered that crises of overproduction proved the dysfunctionality of an economy founded upon free...

...Mauro Boianovsky; Kevin D. Hoover From its flow tide, fueled by the Cold War, to its ebbing with the anti-growth movement and the economic crises of the early 1970s, the “growthmen” of MIT stood at the center of the dominant field in macroeconomics. The history of MIT growth economics is traced...

... to the Marxian theory of crises was Otto Bauer. Bauer belonged to the sec- ond generat ion of Austro-Marxists and was undoubtedly the most brilliant star in the firmament of the Austrian Social Democratic party. Marl Kautsky, leader of the German Social Democrats, said of him: “When I think...

.... Fortunately there is now available a set of excellent lecture notes and student reports from a course, " Commercial Crises and Cycles of Trade, ' ' given at Harvard two-thirds of a century ago. The notes cast light on the early identity and character of the study of what is now within the domain...

... , Albert. 1909 . Essai d'Bune théorie des crises générales et périodiques. In Revue d'Béconomie politique , 1908-9. Paris: Sirey. Aftalion , Albert. . 1913 . Les crises périodiques de surproduction . 2 vols. Paris: Riviére. Beauregard , Paul. 1909 . Notice sur la vie et les...

... of class conflict, and collapse of society caused by crises in order to demonstrate the necessity of social- ism. But according to Uno, science can demonstrate only the possibility of socialism, by showing the historical precondition of capitalism-the commoditization of labor power. Socialism...

..., is devoted to these baffling and tortuous 131 pages. In them, Marx believed he had shown that the fact capitalists save and accumulate capital leads inevitably to economic crises. In his two-sector, fixed- coefficients paradigm, he tried to demonstrate that under capitalism there arise sectoral...

...” involved a reduction in the degree of competition, increasing standardization of output and industrial processes, and very substantial growth in labor productivity. There was widespread contem- porary concern that it would cause technological unemployment and crises of underconsumption. Naphtali...

... have been reeeived. I. Professor Vladinzir Treml notes two recent republications of Tugan-Baranovsky ’8 work : 1. Periodic Industrial Crises, republkhed as M. I. Tugan-Baran- owski (note the different spelling), Modern Xocialism in Its His- torical Development. Tmwdated by Redmount...

... of these earlier chapters—although there is disagreement over how they 9. Economic crises restore the rate of profit and thus slow down the general process. This strand originates with Henryk Grossmann ([1929] 1967). Note that I said cyclical “aspects.” Grossmann does not claim that this theory of Marx...

... Science Information vol. 7 . Kalecki , M. 1971 . Selected essays on the dynamics of the capitalist economy, 1933–1970 . Cambridge. Kenway , P. 1980 . ‘Marx, Keynes and the possibility of crises.’ Cambridge Journal of Economics 4 , 1 . Keynes , J. M. 1936 . The general...

... of econometrics and an important contribution to the literature. Colorado College VIBHA KAPURIA-FOREMAN Marx’s Crises Theory: Scarcity, Labor, and Finance. By Michael Perelman. New York: Praeger Press, 1987. 250 pp. $42.95. This is an idiosyncratic, specialized work...

... of capitalist society falls further and further behind the bound- lessly developing forces of production. This internal contradiction of the capitalist mode of production leads to the decline in the rate of profit that becomes apparent in disastrous crises, in which the mass of commodities thrown onto...

..., neither he nor any other prominent Bolshevik engaged in the controversies of the 1920s endorsed underconsumptionism as a doctrine which held that crises of underconsumption were inevitable. There was a greater degree of ambivalence, however, on the question of whether crises of underconsumption...

... working on commercial crises and sunspots, writing in 1877 that he was “more convinced than ever that there is some con- nection but it is a treacherous subject, and requires much care” (1972– 81, 4:199). In August 1878, he presented “On the Periodicity of Com- mercial Crises and Its Physical...

... and professional catastrophe. The article examined an early course, “Commercial Crises and Cycles of Trade,” given at Harvard in 1905-1906 by A. Piatt Andrew (1873-1936). This note reproduces manuscript material unavailable at the time of writing which provides answers...

... made by students of business fl uc- tuations as to the length and regularity of the interval between eco- nomic crises or between business depressions. The generalization which has received the widest currency is that crises occur at 10-year intervals. The proponents of the 10-year theory...

...- cussion of the determination of capital values serves as a prelude to his analysis of credit and its relation to economic crises. Interestingly enough, Messedaglia believes that the more open the economy, the smaller the likelihood of these crises, since (to take one example) an excessive supply...