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Economic Crisis and Crisis Theory
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July 28th, 2005 by libcom

Keynesian economics claimed to have overcome the problem of economic depressions. However, as Mattick argues, these crises are inherent within capitalism and neither the market not Keynesianism can stop "the steady deterioration of the economy". Written in 1974, Economic Crisis and Crisis Theory is one of Mattick's most valuable contributions to Marxist economics and radical theory in general

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