Chapter I. The fundamental causes of crises in the capitalist economy

Abstract

The importance of the market in the modern economic order. - Natural exchange. - The impossibility of a general overproduction within natural exchange. - The money-mediated exchange. - The possibility of general overproduction of commodities. - The market. - Simple commodity production. - The regulation of production by consumption. - Capitalist production. - The lack of relation between production and consumption. - Simple reproduction of capital. - Capital accumulation. - The principle of proportional distribution of production. - The two fundamental contradictions of capitalist economy. - Credit. - Dependency of crises on the contradictions of capitalist economy. - The necessity of crises. - Foreign trade.

Citation

von Tugan-Baranowsky, M. (2000), "Chapter I. The fundamental causes of crises in the capitalist economy", Zarembka, P. (Ed.) Value, Capitalist Dynamics and Money (Research in Political Economy, Vol. 18), Emerald Group Publishing Limited, Leeds, pp. 53-80. https://doi.org/10.1016/S0161-7230(00)18003-4