Theory of Crisis (Historical Materialism Book, 251)

Based on Marx’s Capital, Uno Kōzō’s Theory of Crisis provides a rigorous exposition of the necessity of crisis of the capitalist mode of production from the perspectives of “excess capital alongside surplus populations”. ‎Contents 9 ‎Translator’s Preface 11 ‎Author’s Preface 18 ‎Uno Kōzō, Kyōkō Ron (Theory of Crisis) 21 ‎Introduction 23 ‎1. Typical Phenomena of Crises 38 ‎2. The Theory of Crisis and Foreign Trade 47 ‎3. The Role of Commercial Capital in Relation to the Phenomena of Crisis 56 ‎4. The Possibility and Inevitability of Crisis in Capitalist Society 62 ‎Chapter 1. Prosperity 72 ‎1. The Accumulation of Capital in the Phase of Prosperity 73 ‎2. The Role Performed by Credit 78 ‎3. Speculative Development and the Rise in Prices 85 ‎Chapter 2. Crisis 90 ‎1. The Collision between the Profit Rate and the Interest Rate 91 ‎2. The Excess of Capital and the Surplus of Populations 101 ‎3. The Destruction of the Value of Capital 111 ‎Chapter 3. Depression 115 ‎1. The Stagnation of the Reproduction Process 115 ‎2. Inaugurating New Accumulation through Improvements to the Production Process 119 ‎3. The Turn towards Prosperity 123 ‎Chapter 4. The Turnover Period of the Business Cycle 126 ‎Chapter 5. The Inevitability of Crisis in Capitalist Society 136 ‎1. Mechanical Inevitability and Historical Inevitability 136 ‎2. The Inevitability of Crisis and the Inevitability of Collapse 143 ‎3. The Theory of Crisis and the Analyses of Crises 149 ‎Appendix 1. Problematic Points in the Theory of Crisis in Das Kapital 151 ‎Appendix 2. Capital and the Demonstration of the Inevitable Ground of Crisis 164 ‎Guiding Comments (Itoh) 178 ‎Supplementary Essay. Uno Kōzō’s Theory of Crisis Today (Kawashima and Walker) 197 ‎Works Cited in Theory of Crisis 223 ‎Index 225 Kozo Uno's 'Theory of Crisis' presents an unparalleled and systematic demonstration of the inevitability of crisis under the capitalist mode of production. Based on a radical re-interpretation of Marx's Capital, Uno's theory of crisis emphasizes 'excess capital alongside surplus populations' and 'the commodification of labour power' at the heart of Marx's theory of crisis, and additionally provides a concise overview of capitalist crises from the stage of mercantilism to the imperialist stage of capitalism.0Included are two Appendix essays by Uno, which disentangle theoretical difficulties related to the theory of crisis in Marx's Capital, and two original and contemporary essays by Professors Makoto Itoh and by Ken Kawashima and Gavin Walker.0This book was originally published in Japanese as Kyoko-ron by Iwanami Shoten, 1953.00Transl. from Japanese by Ken C. Kawashima Kōzō Uno's Theory of Crisis presents an unparalleled and systematic demonstration of the inevitability of crisis under the capitalist mode of production. Based on a radical re-interpretation of Marx's Capital, Uno's theory of crisis emphasizes 'excess capital alongside surplus populations' and 'the commodification of labour power' at the heart of Marx's theory of crisis, and additionally provides a concise overview of capitalist crises from the stage of mercantilism to the imperialist stage of capitalism. Included are two Appendix essays by Uno, which disentangle theoretical difficulties related to the theory of crisis in Marx's Capital, and two original and contemporary essays by Professors Makoto Itoh and by Ken Kawashima and Gavin Walker