학술논문
Addressing the World Economy: Two Steps Back.
Document Type
Article
Source
Subject
*SAVINGS
*CAPITAL contributions
*CAPITALIST societies
*INTERNATIONAL competition
*CAPITALISM
*CREDIT
*MODERN society
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Language
ISSN
0309-8168
Abstract
This article reviews Robert Brenner's 'The Economics of Global Turbulence', New Left Review, May/June, 1998. Several decisive weaknesses of Brenner's contribution are identified. First, Brenner's theoretical treatment of capitalist competition and accumulation is in the spirit of Adam Smith and mainstream economics rather than Marx. Second, Brenner ignores the significance of credit for capitalist crisis. Third, he leaves entirely out of account the internationalisation of production and finance, phenomena which constitute the most salient feature of the contemporary global economy. Fourth, in short, Brenner's approach is not at all value-theoretic, a weakness that can also be found in some of his earlier historical work. [ABSTRACT FROM AUTHOR]