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A crisis is any situation for which a person does not have adequate coping skills. Therefore, crisis is self-defined. What is a crisis for one person may not be a crisis for another person. Crises may range from seemingly minor situations, such as not being prepared for class, to major life changes, such as death or divorce. Crisis is environmentally based. What is now a crisis may not have been a crisis before or would not be a crisis in a different setting.—Preceding unsigned comment added by 83.99.140.118 (talk • contribs)
"M:L" stands for...? — ク Eloc 貢 03:20, 16 October 2008 (UTC)[reply]
Probable merge candidate with Crisis (Marxian). 71.186.179.146 (talk) 18:11, 8 September 2009 (UTC)[reply]
Unfortunately merging crisis theory into Crisis (Marxian) would only be correct if the only theory of economic crisis was the Marxian one. However there are factions within mainstream economists, or radical elements within the mainstream, who see crisis on non-Marxist lines (eg Minsky theorists).
There is insufficient commonality between the marxist and non-marxist crisis theories for such merging.
[[[User:Wilcannia|Wilcannia]] (talk)] —Preceding undated comment added 02:37, 25 March 2010 (UTC).[reply]
The article is written as if Marxist theory were correct; no mainstream economic views have been included. (Some mainstream history of econmics views have been included, but that's not the same thing.) — Arthur Rubin (talk) 15:32, 17 February 2010 (UTC)[reply]
I hope all Wikipedia articles are written as if they are correct. Although most social sciences have their dissidents, lets not allow them to disrupt the rest.
Mainstream economics specifically does not address crisis and in fact denies the possibility of a general crisis. It sees cyclical "boom and bust" behaviour which, according to their spokesman can be avoided. For example:
“by means of appropriate monetary and fiscal policies, (capitalism) can avoid the excesses of boom and bust and can look forward to healthy progressive growth” [Samuelson, ‘Economics’, 11th American Ed. p348]
and;
"...there will never again be a collapse of the banking system [Samuelson ‘Economics’ Aust. 2nd Ed. Hancock Wallace, pg 329]"
It would take some detailed original research to conjure-up some equal crisis theory from within mainstream economists. This is the realm of the so-called radical economists, Austrians, heterodox, or theories of "political economy" and so on.
[[[User:Wilcannia|Wilcannia]] (talk)] —Preceding undated comment added 02:30, 25 March 2010 (UTC).[reply]
What economic, social, and political crises did Europe experience in the early 17th century?
The article is focused on Communist's view of Capitalism and not on modern contemporary economic crisis (i.e. the crisis on Asia or current crisis on the US, etc.) —Preceding unsigned comment added by 65.182.30.26 (talk) 05:25, 30 January 2008 (UTC)[reply]
Overall cleanup and update, reviewing the history I think I'm the single largest contributor to the article. The thread above apparently predates the current titling. Lycurgus (talk) 07:11, 8 September 2009 (UTC)[reply]
Crisis theory seems to be this article (Crisis (Marxian)), but written from more-or-less a Marxist point of view. I didn't check whether the sources there were all here, but this one is closer to current Wikipedia standards (at least, for sources and references). — Arthur Rubin (talk) 15:26, 17 February 2010 (UTC)[reply]
May be out of chrono order for that reason. Editor that performed the merge just stranded the talk page of the other article. 72.228.177.92 (talk) 04:29, 14 June 2011 (UTC)[reply]
To be clear the text in the marxist.com is correct, it's the reference that is off. 72.228.177.92 (talk) 16:54, 16 November 2011 (UTC)[reply]
The following quote needs to be fixed:
"Marxists, on the other hand, see economic crisis as part of the larger crisis of the social order they wish to supplant"
No, unless we are talking about utopian socialism, I don't see how in Marx's scientific socialist thought, a value is being placed on "supplanting" capitalism, thus implying that human beings are the force behind the demise of capitalist society. Marx simply showed the motion of capitalist development and its tendency to collapse and reform itself. Nowhere does he advocate the overthrowing of capitalism IN HIS ECONOMIC THOUGHT (i.e. all 4 volumes of das kapital). In fact, Marx strove to be very value free in his works. For example, in chapter 10 of capital volume I, he mentions how "force decides between" the "two equal rights" -- the right of capitalists to exploit labour power and the right of workers to preserve their labour power...Now, why would an individual, who belongs to a strain of thought that is commonly seen as advocating the overthrow of the capitalist system, seen here as affirming the "rights of capitalists" to exploit their workers labour power? Marxism is scientific because it does not take into account such value latent concepts and ideas, and instead, shows objectively, how the system is prone to collapse BY AND THROUGH ITSELF without the need of any outside force interfering. — Preceding unsigned comment added by 24.81.5.140 (talk) 04:19, 8 December 2011 (UTC)[reply]
Many interwiki point to "economic crisis" which is not the same as "(Marxian) crisis theory". --Alex1011 (talk) 09:17, 16 October 2012 (UTC)[reply]
I can find nothing which uses "conjuncture" in that sense; the definition is a heighted form of coincidence. — Arthur Rubin (talk) 13:06, 11 March 2013 (UTC)[reply]
Here's a topic that's well-worthy of discussion. With Marxian crisis theory getting some respect from certain members of the business establishment, such as George Magnus, I wonder if center-left progressives could co-opt any of the ideas in a program of reforming capitalism to make it work better for the 99 percent?
Of particular interest is the "full employment profit squeeze." If Chairwoman Jan Yellen were to keep monetary policy loose long enough to get a tight labor market and upward wage pressure, that might be a clever tool mainstream progressives could use for redistributing income from capital back toward labor. That might also be the time for a more progressive post-2016 Congress and Presidency to swoop in with some pro-labor legislation to get private-sector union organizing going once again! — Preceding unsigned comment added by Karlbonner1982 (talk • contribs) 01:50, 25 October 2013 (UTC)[reply]
This seems wrong: "Keynesian Economics which attempts a "middle way" between laissez-faire, unadulterated capitalism and state guidance and partial control of economic activity, such as in the French dirigisme or the policies of the Golden Age of Capitalism attempts to address such crises with the policy of having the state actively supplying the deficiencies of unaltered markets." I don't think it's right to say that Keynesianism seeks a middle way between free markets and state control of economic activity. The Keynesians are a diverse lot; not all of them (or even most of them) support a lot of direct government control or intervention in markets. The only thing one needs to support in order to qualify as a Keynesian (in normative, not positive economics) is counter-cyclical fiscal policy. Giving tax rebates to everyone when there's a recession and then taxing it back when there's a boom is a counter-cyclical fiscal policy. The point is that Keynesianism isn't really about the level of state intervention in markets (much less state control over markets); rather, it's a position regarding the distribution of government revenue and expenditure across the business cycle. Also, the book that comes up when one follows the link for "middle way" seems to have nothing to do with Keynesianism.2601:47:4200:542:CAF7:33FF:FE77:D800 (talk) 17:23, 12 June 2015 (UTC)[reply]