From the discourse of 'Prometheus'
No.29 / Spring, 1998

A Critique Of "Under-Consumption Theories"
How Should Crisis Be Explained, And Has Modern Capitalism Really Overcome Crisis?

(Written by Hiroyoshi Hayashi)
(Translated by Roy West)

<< CONTENTS >>
  1. Crisis is Real
  2. Marx's Criticism of the Theory of Underconsumption
  3. Workers Under Other Capital
    (workers as the sellers and purchasers of commodities)
  4. The Contradiction Between Production and Consumption Under Capitalism
    (but not as the underconsumption theorists understand it)
  5. "The Cause of Crisis"-"Limited Consumption" and the Development of Unrestricted Productive Power
  6. Crisis and the Fate of the Capitalist Mode of Production
  7. The Stalinists' Concept of Crisis-Mendelison's "Theory and History of Crisis"
  8. Modern Capitalism and Crisis
    (This final chapter will be uploaded later)

Link to 'A Critique Of "Under-Consumption Theories"' whole txt