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A Missed Opportunity: Orthodox Versus Marxist Crises Theories

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image of Historical Materialism

Brenner's ‘The Economics of Global Turbulence’ is a review of the world economy in the second half of the 20th century and its momentous changes. It deals with a wide range of issues and developments and is supported by a wealth of statistical and historical material. At the same time, it debunks many of the myths upon which recent (economic) history has been written. Perhaps even more importantly, it seeks the causes of crises in the laws of motion of capital itself (a point made from a different perspective by this review as well).


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