2025/05/04 by Kei Ehara · 1 voice
Social Sciences · #Japanese History and Culture #Political Economy and Marxism #World Systems and Global Transformations
paper · doi:10.1080/10370196.2025.2582334
openalex publication_date 2025/05/04 · openalex created_date 2025/12/03 · openalex updated_date 2026/06/14
This paper reconsiders the typology long used to categorise Marxian crisis theory: the excess commodity theory and the excess capital theory. Theorists supporting the excess capital theory repeatedly criticise the excess commodity theory as ignoring the market forces that restore the balance of supply and demand. Nevertheless, some theories regarded as the excess commodity theory definitely assume the resilience of the market and yet try to find how capital accumulation necessarily falls into some disproportionate state. Therefore, Marxian crisis theory must be differently divided into two: one that emphasises the overaccumulation against labour, indicated in the profit rate, and the other that emphasises the overaccumulation against capital itself, which is shown in the movement of accumulation rate. This reclassification is drawn from two Japanese debates on the crisis theory: the one between Samezo Kuruma and Kozo Uno, and the other between Kuruma and Ryozo Tomizuka.