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Andrew Kleiman, The Failure of Capitalist Production

The Failure of Capitalist Production
Andrew Kleiman

Monday February 6th, 2012 @ 7:00 PM:
Bluestockings Books
172 Allen St.
New York, NY 10002
212.777.6028

Andrew Kliman will discuss his just-published book, The Failure of Capitalist Production (Pluto Press 2011), and how he was frequently surprised by what he uncovered when doing the research behind it. Much conventional wisdom on the left attributes the Great Recession to free-market policies, “financialization” of the economy, and stagnant wages. Kliman himself is a leftist economist, yet the more he delved into the data, the more he came to reject such explanations. In the end, he concluded, Karl Marx’s theory of economic crisis fits the facts. The Great Recession and its persistent after-effects are the results of a half-century-long decline in profitability and the consequences of that decline––decades of weak investment, sluggish economic growth, and mounting debt problems. Kliman will also explore possible pathways out of this crisis of profitability.

http://www.plutobooks.com/display.asp?K=9780745332406&
Bio: Andrew Kliman, a professor of economics at Pace University in New York, is the author of Reclaiming Marx’s “Capital”: A Refutation of the Myth of Inconsistency (Lexington Books 2007) and other writings on crisis theory, value theory, and related topics.

Interview on the recently released book:
http://dietsoap.podomatic.com/entry/2011-11-07T00_29_14-08_00