The Failure of Capitalist Production: Underlying Causes of the Great Recession
One of the very best of the rapidly growing series of works seeking to explain our economic crisis. ... The scholarship is exemplary and the writing is crystal clear. Highly recommended! -- Professor Bertell Ollman, Department of Politics, NYU, author of Dance of the Dialectic Clear, rigorous and combative. Kliman demonstrates that the current economic crisis is a consequence of the fundamental dynamic of capitalism, unlike the vast bulk of superficial contemporary commentary that passes for economic analysis. -- Rick Kuhn, Deutscher Prize winner, Reader in Politics at the Australian National University and long-time activist. Among the myriad publications on the present day crisis, this work stands out as something unusual. Kliman is an excellent theorist, and an equally excellent analyst of empirical data. -- Paresh Chattopadhyay, Universite du Quebec a Montreal The Failure of Capitalist Production is essential reading for all Marxists and lefts interested in what caused the Great Recession. It debunks the fads and fashionable arguments of neoliberalism, underconsumption and inequality with a battery of facts. It restores Marx's law of profitability to the centre of any explanation of capitalist crisis with compelling evidence and searching analysis. It must be read. -- Michael Roberts