The Endless Crisis: How Monopoly-Finance Capital Produces Stagnation and Upheaval from the USA to China
224 pp, $24.95 cloth 9781583673133
By John Bellamy Foster and Robert W. McChesney
Reviewed by David Fields
for the Review of Keynesian Economics
The Monthly Review, since its inception, has been carrying on some of the best works in radical political economy. Economists Paul Baran, Paul Sweezy, and Harry Magdoff set out the analytical foundations of what has come to be called the Monthly Review School….
John Bellamy Foster and Robert W. McChesney continue this strong tradition of analytically sharp Marxian political economy in The Endless Crisis. Endemic systemic crises set the table for explaining the rise of certain historically specific features of the economy. As capitalism is predicated on endless accumulation, it is a system that tends towards stagnation. New historically specific phases of capitalism are structural attempts to alleviate the crisis-prone tendencies….
Read the entire review excerpted from Vol. 4 No. 2, Summer 2016, of the Review of Keynesian Economics_ pp 229-230