Development of the Theory of Capitalist Crises: Political Economy Traditions and Modernity
The article discusses the development history of the theory of economic crises under capitalism conditions. The author believes that economic science is being developed in two directions. The first direction is represented by science schools that deny any objective grounds for crises of overproduc...
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| Format: | Article |
| Language: | English |
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Russian Academy of Sciences, Institute of Economics of the Ural Branch
2015-06-01
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| Series: | Экономика региона |
| Subjects: | |
| Online Access: | http://economyofregion.com/archive/2015/55/2535/pdf/ |
| Summary: | The article discusses the development history of the theory of economic crises under capitalism conditions.
The author believes that economic science is being developed in two directions. The first direction is
represented by science schools that deny any objective grounds for crises of overproduction in the market
economy and develop new models of crisis-free growth. The opposite direction is supported by science schools
acknowledging the existence of objective causes of crises, which is of practical significance for development of
effective anti-crisis measures. The study is summarized by the conclusion about actualization of the political
economy approach to analysis of the recent global crisis and its consequences. Its implementation anticipates
special attention to different versions of overaccumulation of capital which played a key role in the origin
of crisis processes in the world economy. |
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| ISSN: | 2072-6414 2411-1406 |