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This paper constructs a specifically Marxian theory of economic crisis from scattered but sufficient theoretical arguments in Marx's work. This theory integrates the following conceptual elements viewed as central: capital accumulation, falling rate of profit, realization problem, the efficiency structure of firms within an industry, and capitalists' expectations. Implications of this theory for assessments of government economic policy and of recent economic history are briefly suggested.

Wolff shows why and how to make democratic workplaces real. He speaks to those who realize that capitalism economics and politics as usual have become intolerable and who seek a concrete action program

A breathtakingly clear analysis that breaks down the root causes of today's economic crisis"With unerring coherence and unequaled breadth of knowledge, Rick Wolff offers a rich and much needed corrective to the views of mainstream economists and pundits. It would be difficult to come away from this… with anything but an acute appreciation of what is needed to get us out of this mess."-Stanley Aronowitz, Distinguished Professor of Sociology and Urban Education, City University of New YorkCapitalism Hits the Fan chronicles one economist's growing alarm and insights as he watched, from 2005 onwar