The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd


  • P. Kenway
Reference work entry


The term ‘crisis’ as used in economics is principally associated with Marx. While other writers use the term, Marx attempted rigorously to theorize crises as they occur in capitalism. It is therefore his work which will be discussed here.

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  1. Kenway, P.M. 1980. Marx, Keynes and the possibility of crisis. Cambridge Journal of Economics 4(1): 23–36.Google Scholar
  2. Marx, K. 1861. Theories of surplus value, Part 2. London: Lawrence & Wishart, 1969.Google Scholar
  3. Marx, K. 1867. Capital, vol. I. Harmondsworth: Penguin, 1976.Google Scholar
  4. Ricardo, D. 1821. In Collected works and correspondence, vol. I, ed. P. Sraffa. Cambridge: Cambridge University Press, 1951.Google Scholar

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • P. Kenway
    • 1
  1. 1.