Marx's theory of business cycles; of economic growth and development, especially in two sector models; and of the declining rate of profit, or crisis theory, are other important elements of Marx's political economy.
12.
The socialist journal Monthly Review with which Yates is associated hosted a special debate about the falling rate of profit and crisis theory, featuring Michael Heinrich, Shane Mage, Fred Moseley, and Guglielmo Carchedi.
13.
In 1975, the RCG began publishing a theoretical journal called " Revolutionary Communist " in which it in part espoused a view of crisis theory, a theme they had already addressed in the IS when challenging the work of the theoreticians of that group.
14.
The failure of 1905 revolution and the failure of socialist movements to resist the outbreak of World War 1 led to renewed theoretical effort and valuable contributions from Lenin and Rosa Luxemburg towards an appreciation of Marx's crisis theory and efforts to formulate a theory of imperialism.
15.
Michael Heinrich argued that there is now considerable evidence that in the original draft manuscripts Marx left behind, he never proposed a crisis theory in terms of the falling rate of profit, or that if he did, he was reconsidering that theory at the end of his life.
16.
Although perceiving flaws in Marx's work as it is typically interpreted in the context of its modern reading, Perelman writes that " Marx s crisis theory was far more sophisticated than many modern readers had realized, " focusing on an interpretation that is largely bypassed by many readers of Marxian economic thought.
17.
Even though the journal was launched by a group of economists ( among others, Stephen Resnick, Richard D . Wolff, Jack Amariglio, David Ruccio ) and continues to regularly publish articles in the various sub-fields of Marxian economics, such as the labor theory of value, class analysis, and crisis theory, " Rethinking Marxism " does not have an exclusive economics focus.
18.
Other orthodox Marxists or economists inspired by Marx ( including Karl Kautsky, Mikhail Tugan-Baranovsky, Nikolai Bukharin, Rudolf Hilferding, Rosa Luxemburg, Vladimir Lenin, Otto Bauer, Fritz Sternberg, Natalia Moszkowska, Paul Sweezy, Kozo Uno and Makoto Itoh ) provided alternative crisis theories, focusing variously on the chaos of capitalist production, sectoral disproportions, underconsumption and realization problems, labor-shortage and population pressures, credit insufficiency, excess capital and wages squeezing profits.
