Economic crisis, Henryk Grossman and the responsibility of socialists: Isaac and Tamara Deutscher Memorial Lecture 2008
Henryk Grossman’s discussion of economic crises was designed to complement his Leninist understanding of politics. For Grossman, as for Marx, the fundamental contradiction of capitalist production is between the unlimited scope for expanding the output of use values and restrictions imposed by the framework of producing profits. The increasing weight of capitalists’ outlays on dead compared to living labour, which is the only source of new value, gives rise to the system’s tendency to break...[Show more]
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