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Books > Social sciences > Politics & government > Political ideologies > Marxism & Communism
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Greek Capitalism in Crisis - Marxist Analyses (Hardcover)
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Greek Capitalism in Crisis - Marxist Analyses (Hardcover)
Series: Routledge Frontiers of Political Economy
Expected to ship within 10 - 15 working days
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Despite the depth of the Greek crisis, the exorbitant burdens
placed upon the working people and the massive popular resistance
movement to capitalist policies, there is a definite lack of
consistently Marxist analyses of the Greek problem. International
debates regarding the Greek crisis have been dominated by orthodox
(Neoclassical and neo-Keynesian) approaches. The heterodox side of
these debates has been occupied by Radical Political Economy
approaches (usually radical Post-Keynesian or Marxo-Keynesian
perspectives). Moreover, they are dominated by the
'financialization' thesis which is quite alien to Marxism, neglects
the sphere of production and professes that the global crisis is
simply a financial crisis that has nothing to do with 'real'
accumulation and the profit rate. This book argues that by
emphasizing the sphere of production and profitability, classical
Marxist analysis better explains the Greek crisis than its orthodox
and heterodox competitors. The contributors present critiques of
the prevalent approaches and offer studies of the Greek crisis that
use the methodology and the analytical and empirical tools of
classical Marxist Political Economy.In particular, it is shown that
the Greek crisis was caused by falling profitability and the
ensuing over accumulation crisis. The 'broad unequal exchange'
existing between the euro-center and the euro-periphery contributed
to Greek capital's falling profitability. This book enriches the
debate about the Greek economic crisis by demonstrating the
insights that can be drawn by considering the Marxist alternative
to the dominant mainstream and heterodox approaches.
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