Well, as Krugman says in his blog post, "I'm inherently suspicious of any story that makes economics a morality play in which all bad results come from things you consider bad." <http://krugman.blogs.nytimes.com/2013/07/25/stiglitz-minsky-and-obama/> http://krugman.blogs.nytimes.com/2013/07/25/stiglitz-minsky-and-obama/
Except for containing a few general comments on debt crises, Marx's texts cannot tell us much about the specificity of the contemporary debt crisis. The Marxists only jabber about "falling rate of profit" and blame the nasty capitalists, that is all they know. The real problem is, that Krugman is constantly inventing morality plays about economic topics, so he's hardly being very consistent. J.
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