Keynesian economics claimed to have overcome the problem of economic depressions. However, as Mattick argues that crises are inherent within capitalism and that neither the market nor Keynesianism can stop "the steady deterioration of the economy". Written in 1974, Economic Crisis and Crisis Theory is one of Mattick's most valuable contributions to the Marxist critique of political economy and radical theory in general.

part I|161 pages


chapter 1|40 pages

Bourgeois Economics

chapter 2|35 pages

Marx’s Crisis Theory

chapter 3|47 pages

The Epigones

chapter 4|37 pages

Splendor and Misery of the Mixed Economy

part II|64 pages


chapter 5|62 pages

Ernest Mandel’s Late Capitalism