I dunno if there's a Marxist interpretation of recessions. Iirc there's something somewhere about recessions leading to socialist revolutions, but I don't remember anything about why they happen. I don't think das capital has anything.

I think there's very little Marxist economics left, in the technical sense.

Marx is pretty early.

There's a great book called The Long Depression which offers a Marxian analysis of these boom bust cycles.

It basically boils down to Marx's Law of Profitability, where the rate of profitability tends to fall as investment in fixed capital increases:

https://en.m.wikipedia.org/wiki/Tendency_of_the_rate_of_prof...

Marx looks more monetarist than anything else.

"If the amount of paper notes in circulation were doubled the prices would double" and things like that. I really do wonder what those economists would think of modern economics.

Do you think the Marxian school is big?

> the Marxian school

Marxist.

> Marxist.

I'm indeed Marxist, how did you know? We recently commemorated the 40th anniversary of Groucho's death, by the way.

Or maybe you were correcting me? https://en.wikipedia.org/wiki/Marxian_economics

That's actually informative, thanks.