Wkład Karola Marksa do teorii cyklu koniunkturalnego
Date
1984
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Publisher
Wydział Prawa i Administracji UAM
Title alternative
Contribution of Karl Marx to the theory of business cycles
Abstract
A reconstruction of Marxian hypotheses and thoughts pertaining to theoretical
interpretation of crisis phenomena and cyclical fluctuations in capitalist economy
is a main research task of this study. The following were analysed for
that purpose: potentials of a crisis of overproduction, actual reasons of crises resulting
from the basic contradictions of capitalist mode of production, and a sequence
of forming business cycle phases as a result of contradictory developement
of capitalist economy.
The main thesis of Marx that a capitalist economy suffers from overproduction
crises and a cyclicality of a capitalist reproduction is an effect of the law
of crises became a milestone in the 19 c. history of economic thought. The Marxian analysis of crisis phenomena and mechanism of business cycle is
carried out on a high level of abstraction, it can be therefore stated that Marx
was a creator of general hypotheses on these processes only.
Reflections of K. Marx on reasons of the overproduction crisis and the cyclical
fluctuations can be classified as the endogenous concept. The main reason
of periodical crises of overproduction lies, according to Marx, in the essence of
capitalist mode of production.
Changes in the investment process are the key to explain a mechanism of
business cycle »as it stated by Marx in his concept overproduction crises and business
cycle.
Yet, the work of K. Marx in the scope of business cycles in capitalist economy
can not be considered as a complete and systematic theory of business
cycle. On creating his concept of business cycle, Marx paid a particular attention
to crisis phase maintaining that it is the essential phase for the whole cycle.
A little attention was only paid to periods of revival and prosperity. Marx did
not study morphological features of the cycle. Nor proposed he any qualitative
or quantitative criteria or 'methods to separate and analyse respective phases of
the business cycle.
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Keywords
Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny 46, 1984, z. 1, s. 219-234