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Andrew Kliman

THE FAILURE OF CAPITALIST PRODUCTION: UNDERLYING CAUSES OF THE GREAT RECESSION

The Failure of Capitalist Production: Underlying Causes of the Great Recession
Andrew Kliman

Paperback | 9780745332390 | £17.99 / $29
Hardback | 9780745332406 | £60 / $95

For more information or to buy the book visit: http://www.plutobooks.com/display.asp?K=9780745332390

‘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, New York University, 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

‘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, Université du Québec à Montréal

The recent financial crisis and Great Recession have been analysed endlessly in the mainstream and academia, but this is one of the few books to conclude, on the basis of in-depth analyses of official US data, that Marx’s crisis theory can explain these events.

Marx believed that the rate of profit has a tendency to fall, leading to economic crises and recessions. Many economists, Marxists among them, have dismissed this theory out of hand, but Andrew Kliman’s careful data analysis shows that the rate of profit did indeed decline after the post-World War II boom and that free-market policies failed to reverse the decline. The fall in profitability led to sluggish investment and economic growth, mounting debt problems, desperate attempts of governments to fight these problems by piling up even more debt – and ultimately to the Great Recession.

Kliman’s conclusion is simple but shocking: short of socialist transformation, the only way to escape the ‘new normal’ of a stagnant, crisis-prone economy is to restore profitability through full-scale destruction of existing wealth, something not seen since the Depression of the 1930s.

ANDREW KLIMAN is Professor of Economics at Pace University, New York. He is the author of ‘Reclaiming Marx’s ‘Capital’: A Refutation of the Myth of Inconsistency’ and many writings on crisis theory, value theory and other topics.

Acknowledgements
List of Abbreviations
List of Tables
List of Figures

1. Introduction
2. Profitability, the Credit System, and the “Destruction of Capital”
3. Double, Double, Toil and Trouble: Dot-com boom and home-price bubble
4. The 1970s – Not the 1980s – as Turning Point
5. Falling Rates of Profit and Accumulation
6. The Current-cost “Rate of Profit”
7. Why the Rate of Profit Fell
8. The Underconsumptionist Alternative
9. What Is to Be Undone?

Bibliography
Index

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ORDERS
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Jonathan Maunder

Academic Marketing
Pluto Press
Email: jonm@plutobooks.com
Tel: 020 8348 2724
www.plutobooks.com

 

**END**

 

‘I believe in the afterlife.

It starts tomorrow,

When I go to work’

Cold Hands & Quarter Moon, ‘Human Herbs’ at: http://www.myspace.com/coldhandsmusic (recording) and http://www.youtube.com/watch?v=2h7tUq0HjIk (live)

 

‘Maximum levels of boredom

Disguised as maximum fun’

Cold Hands & Quarter Moon, ‘Stagnant’ at: http://www.myspace.com/coldhandsmusic (recording) and http://www.youtube.com/watch?v=GLjxeHvvhJQ (live, at the Belle View pub, Bangor, north Wales)  

 

‘Cheerful Sin’ – a new song by Victor Rikowski: http://www.youtube.com/watch?v=tIbX5aKUjO8

 

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A Crisis of Capital

CAPITAL AGAINST CAPITALISM

– CALL FOR PAPERS – CALL FOR PAPERS – CALL FOR PAPERS –

Capital Against Capitalism
A conference of new Marxist research
Saturday 25 June 2011
Central Sydney, Australia

It seems significant, and hardly coincidental, that the impasse that politics fell into after the 1960s and 1970s coincided with the eclipse of Marx and the research project of historical materialism. Social democracy, various left-wing melancholies and/ or the embrace of dead political forms has stood-in for these absent names. Returning to Marx, to Capital and to the various traditions tied-up with these names may present a way to cut across this three-fold deadlock.

We invite papers responding to contemporary politics from a range of historical materialist perspectives. We want to bring together the theoretical discussions and debates occurring in Capital reading groups, PhD study circles, and Marxist political organisations and networks. Our conjuncture – its manifold crisis – urges new analyses, new strategic orientations and the engagement of activists and academics alike on these questions.

Conference Structure
The conference will involve two plenaries and four workshops. There will be space for 12 workshop papers about, or connected to, the conference theme. We are happy to receive proposals for themed workshops of three papers, with the caveat that we may need to alter suggested panels or reject individual papers to ensure overall timetabling.

In our opening plenary, Rick Kuhn will overview the argument of his new book, with Tom Bramble, Labor’s conflict: big business, workers and the politics of class (Cambridge University Press, 2010). Geoff Robinson and Tad Tietze will act as respondents. The final session will be a keynote address from Nicole Pepperell on the key ideas of her PhD thesis and forthcoming book on Marx’s Capital (to be published by Brill, as part of the Historical Materialism Book Series, later this year).

In all sessions there will be time for contributions from conference participants. To maximise discussion at the conference, each first plenary and workshop speaker will have 15 minutes to overview their paper.

Proposals for Papers
Proposals for papers should be submitted by 15 March 2011 to Elizabeth Humphrys lizhumphrys@me.com and Jonathon Collerson jonathoncollerson@gmail.com. Authors should also indicate whether they would be submitting a written paper for refereeing. 
Papers should be 1500, and no longer than 1800 words. Refereed conference papers will be published, potentially also as a special issue of an academic journal. We reserve the right to reject papers if we have too many to fill the allocated slots, or they are deemed unsuitable, but we will do our best to accommodate everyone.

Key Dates
1 February – Call for papers
15 March – Abstracts due
1 May – Papers due for refereeing; conference timetable released
1 June – Feedback to authors
25 June – Conference

Other details
The conference will be held in Central Sydney, in easy reach of public transport and in an accessible location. There will be a small conference fee, of approximately $20-$30 on average, to cover the cost of lunches and travel costs for the interstate speakers. Full details to follow. If you require childcare please contact us to discuss this by 1 June 2011. The conference organisers will not be arranging billeting, but please contact us if you are unable to arrange your own accommodation option. As the conference has no outside funding source, we will be unable to cover travel costs for workshop presenters.

Facebook event page: http://www.facebook.com/event.php?eid=104092856334915

Elizabeth Humphrys and Jonathon Collerson (obo the organising group)

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Marx was Right

MARXIST CRITIQUE OF THE AUSTRALIAN LABOR PARTY

Labor’s Conflict: Big Business, Workers and the Politics of Class by Tom Bramble and Rick Kuhn has just been issued by Cambridge University Press. The book is a history of the Australian Labor Party from its formation through to the formation of the minority Gillard Government after this year’s federal election. The focus is on the ALP’s changing relationship with business and the working class and unions.

More details can be found at: http://www.cambridge.org/aus/catalogue/catalogue.asp?isbn=9780521138048 

If you’d like a copy you can order online and receive a 20% discount:
1. Go to http://www.cambridge.org/aus/catalogue/catalogue.asp?isbn=9780521138048 
2. Add to your basket
3. Enter discount code LABOR10 at the checkout

The following launches are taking place, please RSVP as indicated if you would like to attend.

Perth
to be launched by Rob Lambert, Winthrop Professor of Labour Studies, UWA
Business School
at the Co-op Bookshop, University of Western Australia
Thursday 18 November 5:00pm for 5:30pm start
RSVP to (08) 6488 2069 or uwa@coop-bookshop.com.au by 17 November

Canberra
to be launched by David Pope, the political cartoonist of the Canberra Times
at the Co-op Bookshop, Australian National University
Tuesday 23 November 5:00 for 5:30 pm start
RSVP essential by 19 November to anu@coop-bookshop.com.au or (02) 6249-6244.

Melbourne
to be launched by Dean Mighell, Victorian state secretary and National President of the Electrical Trades Union
at Readings Bookshop, 309 Lygon Street, Carlton
Wednesday 24 November, 6pm for 6.30pm start
RSVP to Readings on (03) 9347 6633

Sydney
to be launched by Frank Stilwell, Professor of Political Economy at Sydney University
at Abbey’s Bookshop, 131 York Street, Sydney.
Wednesday 1 December, 5:30 for 6:00 pm start
RSVP by 26 November to (02) 9264 3111 or davidh@abbeys.com.au.

Brisbane
to be launched by Raymond Evans, Adjunct Professor at the School of Humanities, Griffith University
at Avid Reader, 193 Boundary Street, West End
Thursday 2 December, 6:00 for 6:30pm start
RSVP (07) 3846 3422 or events@avidreader.com.au

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MySpace Profile: http://www.myspace.com/glennrikowski

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Marxism

Marxism

HISTORICAL MATERIALISM 17:1 & 17:2

 

 

http://www.brill.nl/hima

Historical Materialism: Research in Critical Marxist Theory
Volume 17 Issue 2
2009

CONTENTS

Isaac and Tamara Deutscher Memorial Prize Lecture
Rick Kuhn
Economic Crisis, Henryk Grossman and the Responsibility of Socialists

Articles

David McNally
From Financial Crisis to World Slump: Accumulation, Financialisation, and the Global Slowdown

Steve Edwards
Apocalyptic Sublime: On the Third Brighton Photo Biennal

Symposium on the Global Financial Crisis
Samantha Ashman
Editorial Introduction

Costas Lapavitsas
Financialised Capitalism: Crisis and Financial Expropriation

Gary A. Dymski
Racial Exclusion and the Political Economy of the Subprime Crisis

Paulo L. Dos Santos
On The Content of Banking in Contemporary Capitalism

Reflections on ‘Gewalt’ (contd.)
Luca Basso
The Ambivalence of Gewalt in Marx and Engels: On the
Interpretation of Balibar

Review Articles

Ian Hudson & Mark Hudson
on Gavin Fridell’s Fair Trade Coffee: The Prospects and Pitfalls of Market Driven Social Justice, Daniel Jaffee’s Brewing Justice: Fair Trade Coffee, Sustainability, and Survival, and Laura Raynolds’, Douglas Murray’s & John Wilkinson’s Fair Trade: The Challenges of Transforming Globalization

Richard Westra
on Pierre Bourdieu’s Firing Back: Against the Tyranny of the Market 2, Global Turbulence: Social Activists’ and State Responses to Globalization, edited by Marjorie Griffin Cohen and Stephen McBride, John Rapley’s Globalization and Inequality: Neoliberalism’s Downward Spiral and Anti-Capitalism: A Marxist Introduction, edited by Alfredo Saad-Filho

Michele Filippini
on Alberto Burgio’s Gramsci storico

Richard Seymour
on Markku Ruotsila’s John Spargo and American Socialism

Robert Knox
On Alain Supiot’s Homo Juridicus

Historical-Critical Dictionary of Marxism
Stefan Bollinger & Juha Koivisto
Hegemonic Apparatus

 

Historical Materialism: Research in Critical Marxist Theory
Volume 17 Issue 1
2009

CONTENTS

Articles

Marcus E. Green and Peter Ives
Subalternity and Language: Overcoming the Fragmentation of Common Sense

Henry Heller
The Longue Durée of the French Bourgeoisie

Michael Löwy
Capitalism as Religion: Walter Benjamin and Max Weber

Daniel Cho
Adorno on Education, or, Can Critical Self-Reflection Prevent the Next Auschwitz?

Reflections on ‘Gewalt’
Étienne Balibar
Violence

Massimilano Tomba
Another Type of Gewalt: Beyond Law. Re-Reading Benjamin

Interventions
Guglielmo Carchedi
The Fallacies of ‘New Dialectics’ and Value-Form Theory

Christopher J. Arthur
Contradiction and Abstraction: A Reply to Finelli

Review Articles

Benjamin Noys
on Ian Parker’s Revolution in Psychology: Alienation to Emancipation, and Yannis Stavrakakis’s The Lacanian Left: Psychoanalysis, Theory, and Politics

Marcel Bois
on Christian Gotthardt’s Die radikale Linke als Massenbewegung. Kommunisten in Harburg-Wilhelmsburg 1918–1933

Tyson E. Lewis
on Peter McLaren’s Capitalists and Conquerors, and McLaren and Ramin Farahmandpur’s Teaching Against Global Capitalism and the New Imperialism

Posted here by Glenn Rikowski

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Marxist interventions

 

Marxist interventions, a new on-line journal has just gone live at: http://www.anu.edu.au/polsci/mi/.

If you find the journal interesting, please let other people know about it and link to MI from web-pages.

Rick Kuhn
School of Social Sciences/Arts               
Building 24                                           
ANU ACT 0200;                                         
Australia 

www.anu.edu.au/polsci/rick

Rick.Kuhn@anu.edu.au

 

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