Marx and the “Minsky moment” liquidity crises and reproduction crises in Das Kapital

References

• Benetti, Carlo, Alain Béraud, Edith Klimovsky, and Antoine Rebeyrol. 2018. “Use Values and Exchange Values in Marx’s Extended Reproduction Schemes.” The European Journal of the History of Economic Thought 25 (5): 986–1021. doi:10.1080/09672567.2018.1523941.
   Web of Science ®Google Scholar
• Bronfenbrenner, Martin. 1967. “Marxian Influences in “Bourgeois” Economics.” The American Economic Review 57 (2): 624–635.
   Web of Science ®Google Scholar
• Brunhoff, Suzanne de, and Duncan K. Foley. 2007. “Karl Marx’s Theory of Money and Credit.” In A Handbook of Alternative Monetary Economics, edited by Philip Arestis and Malcolm Sawyer, chapter 12. Cheltenham, UK: Edward Elgar Publishing.
   Google Scholar
• Charles, S. 2016. “Is Minsky Financial Instability Hypothesis Valid?” Cambridge Journal of Economics 40 (2): 427–436. doi:10.1093/cje/bev022.
   Web of Science ®Google Scholar
• Chesnais, François. 2016. Finance Capital Today: Corporations and Banks in the Lasting Global Slump. Leiden; Boston: Brill. Pays-Bas, Etats-Unis.
   Google Scholar
• Clarke, Simon. 1994. Marx’s Theory of Crisis. London: St. Martin’s Press.
   Google Scholar
• Crotty, James R. 1985. “The Centrality of Money, Credit, and Financial Intermediation in Marx’s Crisis Theory: An Interpretation of Marx’s Methodology.” Rethinking Marxism: Struggles in Marxist Theory, edited by Stephen Resnick and Richard Wolff, 45–81. New York, NY: Automedia.
   Google Scholar
• Crotty, James R. 1986. “Marx, Keynes and Minsky on the Instability of the Capitalist Growth Process and the Nature of Government Economic Policy.” In Keynes and Schumpeter: A Centenary Celebration of Dissent, edited by Suzanne W. Helburn and David F. Bramhall, 297–326. Armonk: Sharpe.
   Google Scholar
• De Brunhoff, Suzanne. 1967. La monnaie chez Marx. 4ème ed. Paris: Editions sociales.
   Google Scholar
• De Brunhoff, Suzanne. 1998. “Money, Interest and Finance in Marx’s Capital.” In Marxian Economics: A Reappraisal, edited by Riccardo Bellofiore, 176–188. New York: Springer.
   Google Scholar
• Duménil, Gérard, and Dominique Lévy. 2006. “La Finance Capitaliste: Rapports de Production et Rapports de Classe.” In La Finance Capitaliste. Paris: Presses universitaires de France.
   Google Scholar
• Dunn, Bill. 2011. “Marxist Crisis Theory and the Need to Explain Both Sides of Capitalism's Cyclicity.” Rethinking Marxism 23 (4): 4, 524–542. doi:10.1080/08935696.2011.605285.
   Google Scholar
• Durand, Cédric. 2014. Le Capital fictif: comment la finance s’approprie notre avenir. Paris: les Prairies ordinaires.
   Google Scholar
• Fan, Hung. 1939. “Keynes and Marx on the Theory of Capital Accumulation, Money and Interest.” The Review of Economic Studies 7 (1): 28–41. doi:10.2307/2967594.
   Google Scholar
• Fine, Ben, Alfredo Saad-Filho, and Marco Boffo. 2012. The Elgar Companion to Marxist Economics. Cheltenham: Edward Elgar Publishing.
   Google Scholar
• Fisher, I. 1933. “The debt-deflation theory of great depressions.” Econometrica: Journal of the Econometric Society, 1 (4), 337–357.
   Google Scholar
• Foley, Duncan. 1986. Money, Accumulation and Crisis. London: Harwood Academic Publishers.
   Google Scholar
• Foley, Duncan. 1987. “Liquidity-Profit Rate in a Capitalist Economy.” Journal of Economic Behavior & Organization 8 (3): 363–376. doi:10.1016/0167-2681(87)90050-3.
   Web of Science ®Google Scholar
• Gomez Betancourt, R., and Matari Pierre Manigat. 2018. “James Steuart and the Making of Karl Marx’s Monetary Thought.” The European Journal of the History of Economic Thought 25 (5): 1022–1051. doi:10.1080/09672567.2018.1482938.
   Web of Science ®Google Scholar
• Goodwin, R. 1967. “A Growth Cycle.” In Socialism, Capitalism and Economic Growth, edited by C. H. Feinstein. Cambridge: Cambridge University Press.
   Google Scholar
• Graßmann, T. 2018. “Unsolved Problem of Economic Crisis as a Turning Point of Marx’s Critique of Political Economy.” 1844–1845.” The History of Economic Thought 60 (1): 58–78. doi:10.5362/jshet.60.1_58.
   Google Scholar
• Guttmann, Robert. 1996. “Les Mutations du Capital Financier.” In La Mondialisation Financière: genèse, Coût et Enjeux, edited by François Chesnais, 59–96. Paris: Syros.
   Google Scholar
• Harvey, David. 1982. The Limits to Capital. Oxford (UK): Basil Blackwell.
   Google Scholar
• Hein, Eckhard. 2006. “Money, Interest and Capital Accumulation in Karl Marx’s Economics: A Monetary Interpretation and Some Similarities to post-Keynesian Approaches.” The European Journal of the History of Economic Thought 13 (1): 113–140. doi:10.1080/09672560500522868.
   Web of Science ®Google Scholar
• Hein, Eckhard. 2019. “Karl Marx – An Early Post-Keynesian? A Comparison of Marx’s Economics with the Contributions by Sraffa, Keynes, Kalecki and Minsky”, Working Paper, No. 118/2019, Berlin School of Economics and Law, Institute for International Political Economy Berlin, Berlin, 26 p.
   Google Scholar
• Hilferding, Rudolf. [1910] 1981. Finance Capital: A Study of the Latest Phase of Capitalist Development, edited by Tom Bottomore, Tr. Morris Watnik and Samuel Gordon. Abingdon: Routledge.
   Google Scholar
• Kalecki, Michael. 1968. “The Marxian Equations of Reproduction and Modern Economics.” Social Science Information, 7: 73–79, reprinted in the Collected Works of Michal Kalecki, Volume II: “Capitalism Economic Dynamics.” Oxford: Clarendon Press, 1991. doi:10.1177/053901846800700609.
   Google Scholar
• Kindelberger, Charles. 1989. “The Panic of 1873” in Historical Economics, Collected Papers of Charles Kindelberger, University of California Press, Berkeley.
   Google Scholar
• Kliman, Andrew. 2011. The Failure of Capitalist Production: underlying Causes of the Great Recession. London: Pluto Press
   Google Scholar
• Lapavitsas, Costas. 2000. “On Marx's Analysis of Money Hoarding in the Turnover of Capital.” Review of Political Economy 12 (2): 219–235. doi:10.1080/095382500406521.
   Google Scholar
• Lapavitsas, Costas. 2004. “Hilferding’s Theory of Banking in the Light of Steuart and Smith.” In Neoliberalism in Crisis, Accumulation, and Rosa Luxemburg's Legacy, edited by Paul Zarembka and Susanne Soederberg, 161–180. Bingley: Emerald Group Publishing Limited.
   Google Scholar
• Lavoie, M., and M. Seccareccia. 2001. “Minsky’s Financial Fragility Hypothesis: A Missing Macroeconomic Link.” In Financial Fragility and Investment in the Capitalist Economy: The Economic Legacy of Hyman Minsky, edited by R. Bellofiore and P. Ferri, 76–96. Cheltenham, UK and Northampton, MA: Edward Elgar Publishing.
   Google Scholar
• Lenin, Vladimir Iliitch. 1965. Imperialism, the Highest Stage of Capitalism: A Popular Outline. Peking, Chine: Foreign languages press.
   Google Scholar
• Maniatis, Thanasis. 2012. “Marxist Theories of Crisis and the Current Economic Crisis.” Forum for Social Economics, 41: 6–29.
   Google Scholar
• Marx, Karl. [1894] 2015. Marx’s Economic Manuscript of 1864–65. Boston: Brill.
   Google Scholar
• Marx, Karl. [1905] 1968a. Theories of Surplus Value [Texte Imprimé]: Volume IV of Capital. Vol. 2. Moscow: Progress Publishers.
   Google Scholar
• Marx, Karl. [1905] 1968b. Theories of Surplus Value [Texte Imprimé]: Volume IV of Capital. Vol. 1. Moscow: Progress Publishers.
   Google Scholar
• Marx, Karl. 2017. “Exzerpte, Zeitungsausschnitte und Notizen zur Weltwirtschaftskrise (Krisenhfte). November 1857 bis Februar 1858.” In Marx- Engels-Gesamtausgabe, IV. Abteilung, Band 14. Berlin, München, Boston: De Gruyter (abbr. MEGA IV/14).
   Google Scholar
• Marx, Karl, and Friedrich Engels. 1979. Collected Works. Volume 11, Marx and Engels: 1851–1853. London: Lawrence and Wishart.
   Google Scholar
• Marx, Karl, and Friedrich Engels. [1867] 1996. Collected Works. Volume 35, Karl Marx, Capital, Vol. I. London: Lawrence & Wishart.
   Google Scholar
• Marx, Karl, and Friedrich Engels. [1885] 1997. Collected Works. Volume 36, Karl Marx, Capital, Vol. II. London: Lawrence & Wishart.
   Google Scholar
• Marx, Karl, and Friedrich Engels. [1894] 1998. Collected Works. Volume 37, Karl Marx, Capital, Vol. III. London: Lawrence & Wishart.
   Google Scholar
• Marx, Karl, and Friedrich Engels. 1986. Collected Works. Volume 15, Marx and Engels, 1856–1858. London: Lawrence and Wishart.
   Google Scholar
• Marx, Karl, and Friedrich Engels. 1987. Collected Works. Volume 42, Marx and Engels, 1864–1868, Tr. Christopher Upward and John Peet. New York: International publishers.
   Google Scholar
• Marx, Karl, and Friedrich Engels. 1989. Collected Works. Volume 32, Karl Marx, 1861–1863. London: Lawrence & Wishart.
   Google Scholar
• Meacci, Ferdinando. 1998. “Fictitious Capital and Crises.” In Marxian Economics: A Reappraisal, edited by Riccardo Bellofiore, 189–204. New York: Springer.
   Google Scholar
• Mendez, Julien. 2012. “Théories pré-keynésiennes de l’instabilité financière: Marx, Veblen, Hawtrey.” Thèse de Doctorat, France: Université Paris Nanterre.
   Google Scholar
• Milios, John, and Dimitri Dimoulis. 2002. Karl Marx and the Classics. London: Routledge
   Google Scholar
• Minsky, Hyman P. 1986. Stabilizing an Unstable Economy. Etats-Unis, Royaume-Uni: Yale University Press.
   Google Scholar
• Miyata, Korefumi. 2015–2016. “Karl Marx’s Credit Theory.” Marx-Engels Jahrbuch 2015 (1): 9–27. doi:10.1515/mejb-2016-0102.
   Google Scholar
• Mori, K. 2018a. “The Books of Crisis and Tooke–Newmarch Excerpts: A New Aspect of Marx's Crisis Theory in MEGA.” The European Journal of the History of Economic Thought 25 (5): 912–925. doi:10.1080/09672567.2018.1475502.
   Web of Science ®Google Scholar
• Mori, K. 2018b. “Karl Marx’s Books of Crisis and the Concept of Double Crisis: A Ricardian Legacy.” In Marx’s Capital: An Unfinishable Project?, edited by Marcel van der Linden and Gerald Hubmann, 206–227. Leiden; Boston: Brill.
   Google Scholar
• Morishima, Michio. 1973. Marx’s Economics: A Dual Theory of Value and Growth. Cambridge: Cambridge University Press.
   Google Scholar
• Moseley, Fred. 2009. “Marx, Minsky and Crotty on Crisis in Capitalism.” In Heterodox Macroeconomics: Marx, Keynes and Globalization, Jonathan P. Goldstein and Michael G. Hillard. London: Routledge.
   Google Scholar
• Paula, João Antonio de, Leonardo Gomes de Deus, Hugo Eduardo da Gama Cerqueira, and Carlos Eduardo Suprinyak. 2016. “A Theory in the Making: Marx’s Drafts of Capital and the Notebooks on the Crisis of 1866.” Science and Society 80 (4): 468–480.
   Web of Science ®Google Scholar
• Paula, João Antonio de, Hugo Eduardo da Gama Cerqueira, Leonardo Gomes de Deus, Carlos Eduardo Suprinyak, and Eduardo da Motta e Albuquerque. 2015. “Investigating Financial Innovation and Stock Exchanges. Marx’s Notebooks on the Crisis of 1866 and Structural Changes in Capitalism”. Beiträge zur Marx-Engels-Forschung 2014/15:194–217.
   Google Scholar
• Robinson, Joan. 1942. An Essay on Marxian Economics, London: MacMillan.
   Google Scholar
• Schefold, Bertram. 2016. “Making Sense of Marxian Crisis Theory in the Light of the History of Economic Thought: Real and Monetary Factors.” Marx-Engels Jahrbuch 2015 (1): 28–44. doi:10.1515/mejb-2016-0103.
   Google Scholar
• Sneessens, Henri. 2017. “L’intermédiation financière dans les modèles macroéconomiques.” In Reflets et perspectives de la vie économiques, edited by Recherche et diffusion économiques, 117–137. Bruxelles: De Boek.
   Google Scholar
• Steedman, Ian. 1977. Marx after Sraffa. London: NLB.
   Google Scholar
• Takenaga, S. 2015–2016. “Marx’s Exzerpthefte of the Later 1860s and the Economic Crisis of 1866.” Marx-Engels Jahrbuch 2015 (1): 71–102. doi:10.1515/mejb-2016-0106.
   Google Scholar
• Toporowski, Jan. 2005. Theories of Financial Disturbance: An Examination of Critical Theories of Finance from Adam Smith to the Present Day. Cheltenham: Edward Elgar Publishing.
   Google Scholar
• Toporowski, Jan. 2018. “Marx, Finance and Political Economy.” Review of Political Economy 30 (3): 416–427. doi:10.1080/09538259.2018.1496549.
   Web of Science ®Google Scholar
• Trigg, A. B. 2006. Marxian Reproduction Schema, Money and Aggregate Demand in a Capitalist Economy, London & New York, Routledge.
   Google Scholar
• Tutin, Christian. 2000. “Les controverses autour du Capital (II): les crises.” In Nouvelle histoire de la pensée économique, edited by A. Béraud and G. Faccarelo, Vol. 2, 202–234. Paris: La Découverte.
   Google Scholar
• Tutin, Christian. 2006. “Finance et reproduction: la théorie des crises de Rudolf Hilferding.” In Cahiers d’économie Politique/Papers in Political Economy n°51, 217–239. Paris: L’Harmattan.
   Google Scholar
• Van Parijs, Philippe. 1980. “The Falling-Rate-of profit theory of Crisis: A Rational Reconstruction by Way of Obituary.” Review of Radical Political Economics 12 (1): 1–16. doi:10.1177/048661348001200101.
   Web of Science ®Google Scholar
• Wray, L. R. 1990. Money and Credit in Capitalist Economies. Aldershot: Edward Elgar Publishing.
   Google Scholar