ABSTRACT

Karl Marx's analyses of the capitalist socio-economic relations, are logically based upon the distinction between "internal" and "external" determinations. It is clear, that, due to the status of Marx's texts on economic crises, the "citation method" can be used to "prove" or "reject" any crisis theory. Many Marxists consider every increase in the value composition of capital to be an outcome of the increase in labour productivity due to technical change. The crucial point of Marx's analysis of capital overproduction is the definition of the "absolute overproduction". The "appearing movement of capital" takes the form of an overaccumulation crisis in all cases that the totality of the external determinations influence the value composition of capital and the rate of exploitation in ways resulting in the decline of the general profit rate. Marx's then describes the factors which ensure or restrict economy in the use of constant capital.