Michael Roberts blog
Blogging from a Marxist economist
Recent Analysis
Revisiting the theory of long depressions
This post was first published in the Spanish online journal Sin Permiso and is in response to a critique of my long depression theory presented in my book, The Long Depression. Rolando Astarita, the excellent Argentine Marxist economist, has written a brief critique of my concept of the Long Depression, first developed in my 2016 book…
Profitability, investment and the ‘silent’ depression’ -a new book
Ascension Mejorado is Clinical Professor and Economics Faculty Chair in the Liberal Studies program at New York University and Manuel Roman taught economics at New Jersey City University, US for over 25 years and is now retired. They have authored a superb book that analyses the US economy from a Marxist perspective and in so…
Overproduction or overaccumulation? – the debate
Back last November, the excellent Argentine Marxist economist, Rolando Astarita presented on his blog the case for ‘overproduction’ as the cause of crises under capitalism, denying the role of Marx’s law of the tendency of the rate of profit to fall as being relevant. He argued that Marx and Engels never mentioned the law in…
