Carchedl/A Missed Opportunity A Missed Opportunity: Orthodox Versus Marxist Crises Theories Guglielmo Carchedi Introductory remarks I Brenner's 'The Economics of Global Turbulence' is a review of the world economy in the second half of the 20th century and its momentous changes. It deals with a wide range of issues and developments and is supported by a wealth of statistical and historical material. At the same time, it debunks many of the myths upon which recent (economic) history has been written. Perhaps even more importantly, it seeks the causes of crises in the laws of motion of capital itself (a point made from a different perspective by this review as well). These are all positive points. However, Brenner's contribution is spoiled by two major drawbacks. First, this work suffers from a too narrow theoretical focus. One macroscopic example'is that it revolves around the interplay (competition) between the three major blocs, the US, Europe and Japan. This is unacceptable in view of the aim of this work, that of submitting a new general theory of economic crises. A general theory cannot omit the countries dominated by the imperialist centre and their specific role in the process of international capital accumulation.
Historical Materialism – Brill
Published: Jan 1, 1999
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