[act-ma] 3-15 talk by Economist Andrew Kliman on the Great Recession

brendan cooney callmecooney at gmail.com
Sun Mar 10 08:00:46 PDT 2013

    The Failure of Capitalist Production-

A talk by economist Andrew Kliman
Friday, March 15,  7:30pm
Encuentro 5
9 Hamilton Place Suite 2A, Boston MA

On Friday March 15 Andrew Kliman will make a rare Boston appearance to 
discuss his book "The Failure of Capitalist Production: Underlying 
Causes of the Great Recession" (Pluto 2012). Many analyses of the Great 
Recession have been put forward from theories of unregulated finance, to 
Neoliberalism, to rising inequality. Kliman's book is the first to put 
forward, based on in-depth empirical analysis of US data, that Marx's 
theory of the Tendency of the Rate of Profit to Fall can explain these 
events. This talk will also present some of Kliman's most recent work on 
the contentious issues of wages and inequality.

Kliman's conclusions have immediate political implications. Short of a 
socialist transformation the only way to escape the 'new normal' of 
stagnation is to restore profitability through full-scale destruction of 
the value of existing capital assets, something not seen since the 
Depression of the 1930's. This contrasts starkly with other theories of 
the Great Recession which imply that financial regulation, 
redistribution of income or Keynesian policies can stabilize capitalism.

Kliman teaches economics at Pace University in New York and is the 
author, in addition to this book, of "Reclaiming Marx's Capital: A 
refutation of the myth of inconsistency."

Sponsored by: The Howard Zinn Memorial Lecture Series, Encuentro 5 and 
the Marxist Humanist-Initiative.

For more information about the event please contact Brendan Cooney at 
callmecooney at gmail.com.
To purchase "The Failure of Capitalist Production" by Andrew Kliman 
please visit: www.marxisthumanistinitiative.org
For Andrew Kliman's writings and CV please visit: 
akliman.squarespace.com <http://www.akliman.squarespace.com>

Facebook event for Kliman talk 

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