The Unmaking of Marx's Capital: Heinrich's Attempt to Eliminate Marx's Crisis Theory

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Duration: 3 min 30 s
Description: Michael Heinrich's recent Monthly Review article claims that the law of the tendential fall in the rate of profit (LTFRP) was not proved by Marx and cannot be proved. Heinrich also argues that Marx had doubts about the law and that, for this and other other reasons, his theory of capitalist economic crisis was only provisional and more or less in continual flux.
Andrew Kliman; Alan Freeman; Nick Potts; Alexey Gusev; Brendan Cooney
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