The Marxist theory of crisis, therefore, is neither one of overproduction nor of underconsumption, but a crisis of overaccumulation. The category of economic crisis occupies a unique position in Marx’s analysis of capitalism, distinct from all rival theoretical treatments of crisis. It suffocates laughter.34Top Conclusion A discussion on the diverse theories of crisis in the capitalist economy is not idle intellectualising. This required a brief survey of the competing scientific theories of economic crisis under capitalism offered by different schools of economic thought. Among these, we focused on the three that came to the fore in the discussion of the latest developments in the world capitalist economy.

Source: CNN October 10, 2023 20:13 UTC