<html>
<head>
<meta http-equiv="content-type" content="text/html; charset=ISO-8859-1">
</head>
<body bgcolor="#FFFFFF" text="#000000">
<div align="center">
<h2>The Failure of Capitalist Production- </h2>
A talk by economist Andrew Kliman<br>
Friday, March 15, 7:30pm<br>
Encuentro 5<br>
9 Hamilton Place Suite 2A, Boston MA<br>
encuentro5.org<br>
</div>
<br>
<div align="justify">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. <br>
<br>
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.<br>
</div>
<br>
<div align="justify">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."<br>
</div>
<br>
<div align="center"><br>
Sponsored by: The Howard Zinn Memorial Lecture Series, Encuentro 5
and the Marxist Humanist-Initiative.<br>
<br>
For more information about the event please contact Brendan Cooney
at <a class="moz-txt-link-abbreviated"
href="mailto:callmecooney@gmail.com">callmecooney@gmail.com</a>.<br>
To purchase "The Failure of Capitalist Production" by Andrew
Kliman please visit: <a class="moz-txt-link-abbreviated"
href="http://www.marxisthumanistinitiative.org">www.marxisthumanistinitiative.org</a><br>
For Andrew Kliman's writings and CV please visit: <a
href="http://www.akliman.squarespace.com">
akliman.squarespace.com</a><br>
</div>
<br>
<div align="center"><a
href="https://www.facebook.com/events/140245146143434/">Facebook
event for Kliman talk</a><br>
</div>
<br>
</body>
</html>