Max Sawicky wrote:
On my ever-lengthening to-do list is investigating the mainstream's
counterpart to marxian crisis theory.
Seems to me it is reduced to a currency crisis or bubble and, in
contrast to the claims of high theory, tends to the anecdotal and
episodic -- maybe historical -- rather than seen as a basic feature of
capitalism. (Reminds me of the classic SNL sketch of Three-Mile Island
where Richard Benjamin says 'we have had a . . . surprize.') Or, in re:
the Great Depression, a consequence of imperfect economic knowledge
which has since been rectified.
James Livingston has some interesting comments on this point:
Their Great Depression and Ours
Part I
http://hnn.us/articles/55368.html
Part II
http://hnn.us/articles/55614.html
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