IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/42619.html
   My bibliography  Save this paper

Right conclusion with weak evidence: A review of

Author

Listed:
  • Jeong, Sangjun

Abstract

This paper reviews Andrew Kliman's The Failure of Capitalist Production (2011) with a focus on his critique of the underconsumptionist account of the current crisis. He innovatively refutes the underconsumptionist claims that the deterioration of income distribution and hence the decline of demand is the root causes of the crisis. However, his counterevidence based on the alleged rise in the share of workers' income is not strong enough to support his relevant criticism of the underconsumptionist theory and its political implications. Rather, we suggest an outline of alternative critique which would refute underconsumptionism more effectively.

Suggested Citation

  • Jeong, Sangjun, 2012. "Right conclusion with weak evidence: A review of," MPRA Paper 42619, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:42619
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/42619/1/MPRA_paper_42619.pdf
    File Function: original version
    Download Restriction: no

    File URL: https://mpra.ub.uni-muenchen.de/44480/1/MPRA_paper_44480.pdf
    File Function: revised version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Simon Mohun, 2006. "Distributive shares in the US economy, 1964--2001," Cambridge Journal of Economics, Oxford University Press, vol. 30(3), pages 347-370, May.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Andrew Kliman; Underconsumptionist; Worker’s income share; Alternative critique;

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • G01 - Financial Economics - - General - - - Financial Crises
    • Y30 - Miscellaneous Categories - - Book Reviews - - - Book Reviews

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:42619. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.