Michael Roberts

Some Clarifications on Roberts' Idea of the Falling Rate of Profit

Roberts (in tandem with the likes of Carchedi and Maito) frequently makes decent critiques of the existing trends in the capitalist crisis. However, despite criticising others on the capitalist left for their neo-Keynesianism, he offers little more than the suggestion that nationalisation would solve capital’s problems. The brief article here reveals a fairly fundamental error. (CWO)

World in Crisis: A Global Analysis of Marx's Law of Profitability - Guglielmo Carchedi and Michael Roberts

World in Crisis is a collection of recent papers by Marxist economists from around the globe. Its purpose is simple. It is to compile evidence from recent developments in economies internationally to support the view that Marx’s law of the tendency of the rate of profit to fall provides the best explanation of the cause of recurrent and regular crises (slumps) in global capitalism.

The Great Recession - Profit cycles, economic crisis

"In my book, The Great Recession, I argue that the best short-term indicator of an oncoming capitalist slump or economic recession is the movement of profits – in particular, the total mass of profit." - author Michael Roberts