Consumption demand in Marx, his crisis theories and in the current crisis
This journal article by Radhika Desai, Professor at the Department of Political Studies, and Director of the Geopolitical Economy Research Group at the University of Manitoba, Winnipeg, Canada, was originally published in 2010 and republished in an revised format in 2020. The article is a comprehensive treatment of Marx's theory of crisis, focusing on the role of consumption demand in capitalism and in the emergence of crises.
Comment from our editors:
This is a worthwhile article for advanced students who want to learn more about Marx's theory of crisis. Even though the article starts from a criticism of the neglection of consumption demand in the Marxian discourse, it arrives at an interesting integrative presentation of different crisis mechanisms and phenomena.