James N. Devine (married name: James G.
Cyclical Economic Crises”
1980 Ph.D. dissertation,
University of California-Berkeley, Economics Department.
Title Page, Preface, etc.
chapter 1 -- Introduction
2: A Critical Survey of Crisis Theories.
each major theory, to help create a synthesis)
part 1 of 4: Introduction & the Tendency
for the Rate of Profit to Fall.
part 2 of 4: Underconsumption Theory.
part 3 of 4: the Full Employment Profit
part 4 of 4: Raw Material Price Squeeze,
Conclusion, & Appendix.
chapter 3: the Nature of Capitalism (a sketch).
4: The Tendency Toward Over-Investment
over-accumulation of fixed capital).
part 1 of 4: Introduction & Literature
part 2 of 4: Over-Investment, Basic Causes.
part 3 of 4: Reinforcing Factors and
part 4 of 4: Stagnation & a
Since my dissertation,
I’ve amended my ideas. See, for example, this
article. (see below.)
5: A Marxist Model of Capitalist Growth
as a disequilibrium process).
part 1 of 5: Survey and Introduction.
part 2 of 5: Short & Medium Terms.
part 3 of 5: Details.
part 4 of 5: Disequilibrium Dynamics.
part 5 of 5: Long Term &
6: Inflation and the State.
is always and everywhere a political phenomenon.)
part 1 of 3: Profitability and Inflation
part 2 of 3: Profitability and Inflation (end)
part 3 of 3: the Political Economy of Inflation
Ch. 7: Conclusion.
Notes (chapters 1 – 3)
Notes (chapters 4 – 6)
A very short version of my dissertation appeared here,
complete with new data.
After my dissertation, I added the idea of “over-accumulation
relative to consumption” (as in the 1920s, I believe), which is seen here and here.
My more recent paper on “neo-Kaldorian dynamics” (for the diagrams,
see here) also follows my
dissertation. A short version is available here.