The second slump : a Marxist analysis of recession in the seventies

Bibliographic Information

The second slump : a Marxist analysis of recession in the seventies

[by] Ernest Mandel ; translated [from the German] by Jon Rothschild

NLB, 1978

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Note

Rev. translation of the 1977 German ed. which was published under title: Ende der Krise oder Krise ohne Ende?

Includes bibliographical references and index

Description and Table of Contents

Description

Named by Choice as an 'Academic Book of the Year' for 1979, The Second Slump locates the 1970s recession in the context of the theory and history of capitalist crises. It argues that the slump, unlike the earlier one in 1929-32, is marked by a high level of organization by the working class in the developed capitalist countries, and that it is fundamentally a crisis of over-production, in which oil price rises play only a secondary role.

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