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Михаил Иванович Туган-Барановскии: Избранное

Периодические Промышленные Кризисы: История Англииских Кризисов. Общая Теория Кризисов

M.I. Tugan-Baranovskii (1865-1919) was world renown as an outstanding economist when his book on capitalist crises was published. He cited overproduction, changes in money circulation, and fluctuations of credit as the main features of crises. A critical Marxist, he saw the cause of periodic crises in the chaotic development of capitalist market and rapid accumulation of free capital. The economist registered the change from “spasmodic” to “undulating” market development that resulted from capitalist growth. Tables, commentary, name index.