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Theories of Crises☆

In: Class History and Class Practices in the Periphery of Capitalism

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  • Karl Kautsky

Abstract

This is the first English version of Karl Kautsky’s essay “Theories of Crises,” originally published in 1902 inDie neue Zeit, the theoretical organ of the Social Democratic Party of Germany. Kautsky’s essay was a review of Michael von Tugan-Baranowsky,Studien zur Theorie und Geschichte der Handelskrisen in England(Studies on the Theory and History of Commercial Crises in England), published in 1901. Kautsky’s review of Tugan-Baranovsky’s book is divided into five sections: (1) “Introductory Remarks”; (2) “The Decreasing Tendency of the Rate of Profit”; (3) The Explanation of Crises by Underconsumption; (4) Tugan-Baranovsky’s Theory of Crises; and (5) The Changes in the Character of Crises. We have translated in full the Sections 3 to 5.

Suggested Citation

  • Karl Kautsky, 2019. "Theories of Crises☆," Research in Political Economy, in: Class History and Class Practices in the Periphery of Capitalism, volume 34, pages 199-224, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rpeczz:s0161-723020190000034013
    DOI: 10.1108/S0161-723020190000034013
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