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UID:Indybay-18722204
SEQUENCE:18820912
CREATED:20120922T152000Z
DESCRIPTION:Jack’s theme is that those who focus on FRP as the primary driver of 
 cycles and crises only understand half of Marx. Will also offer some ideas 
 that expand upon Sweezy and Baran's 'economic surplus'--heading in the 
 right direction but incomplete to understand finance capital. The talk will 
 be about expanding Marxist analysis to better account for finance capital 
 in the 21st century, which cannot be reduced simply to 'fictitious capital' 
 or understood with just the production of value approaches based upon 
 Marx's initial conceptual triad of rate of surplus value, organic 
 composition, and FRP tendency.   The presentation is not a refutation of 
 value theory or even the TFRP, but a further development focusing on the 
 circulation and realization of value (and the role of finance) as the other 
 half of the crisis picture that Marx began to talk about in Vol. III but 
 did not develop, partly due to time and partly due to remaining too 
 immersed in classical economics' categories. \nThis is part of our regular 
 series: Sunday Morning at the Marxist Library.\n 
 https://www.indybay.org/newsitems/2012/09/22/18722204.php
SUMMARY:Jack Rasmus on Crisis Theory, Bourgeois and Marxist
LOCATION:Downstairs at the Niebyl Proctor Marxist Library,\n6501 Telegraph Ave. 
 Oakland, CA 94609
URL:https://www.indybay.org/newsitems/2012/09/22/18722204.php
DTSTART:20120923T173000Z
DTEND:20120923T193000Z
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