[Marxism] A layperson's guide to crisis theory

[Michael Perelman]

Although underconsumption is not the whole story of the limitations of capitalism, it 
is still a significant factor.  Without the buildup of household debt, the economy 
certainly would have grown much less and possibly could not have avoided a substantial 
downturn.


-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com