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A comment on Wall Street Banks Warn Downturn Is Coming. Parent comment

Re:Wall Street Banks Warn Downturn Is Coming by dalbasal on Wednesday August 23, 2017 @01:37PM (#15083453)
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.

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Re:Wall Street Banks Warn Downturn Is Coming by s_kilk on Wednesday August 23, 2017 @02:07PM (#15083708)
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...

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