Andrew Kliman

WRITTEN IN THE AFTERMATH of the 2008 banking crash and published in 2012, Andrew Kliman’s The Failure of Capitalist Production adds to the extensive literature on American decline.1 Kliman identifies the way that profits have tended to fall relative to investments since the 1970s and also the diminishing rate of investment itself (the latter, he says, a consequence of the former)—a period of underaccumulation over the period from the mid-seventies to the present day, around 40 years, or longer than most people have been alive. [Read More]

A discussion held by the Platypus Affiliated Society and News & Letters (Marxist-Humanists) on Thursday, January 17, 2008, at the University of Chicago. Audio Recording Your browser does not support the audio element Description Andrew Kliman on his new book “Reclaiming Marx’s ‘Capital’” Marx’s critique of political economy: the relation between price and social value in proper context Andrew Kliman is Professor of Economics at Pace University, New York [Read More]