"Third Persons" and Reproduction: A Note to Rosa Luxemburg's Critique of Marx's Reproduction Schemes

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Publication Type:

Journal Article

Authors:

Economakis, G.; Milios, J.

Source:

Rethinking Marxism, Volume 16, Number 2, p.215--224 (2004)

Abstract:

The aim of this paper is to critically present Rosa Luxemburg's critique of Marx's reproduction schemes in Volume 2 of Capital , as a point of departure for a critique of the main postulate of (Marxist) underconsumption theories. These theories postulate that a third party of consumers, in addition to capitalists and workers, is necessary in order to act as potential absorbers of surplus capitalist production and so to safeguard the ability of the capitalist economy to reproduce itself on an expanding scale.