<?xml version="1.0" encoding="UTF-8" standalone="yes"?><oembed><version><![CDATA[1.0]]></version><provider_name><![CDATA[A Critique of Crisis Theory]]></provider_name><provider_url><![CDATA[https://critiqueofcrisistheory.wordpress.com]]></provider_url><author_name><![CDATA[critiqueofcrisistheory]]></author_name><author_url><![CDATA[https://critiqueofcrisistheory.wordpress.com/author/critiqueofcrisistheory/]]></author_url><title><![CDATA[Bichler, Nitzan and Hudson versus&nbsp;Marx]]></title><type><![CDATA[link]]></type><html><![CDATA[<p><!-- p { margin-bottom: 0.08in; } -->Reader B asks what I think of the views expressed in two articles.</p>
<p><a href="http://dissidentvoice.org/2010/05/capital-as-power/">Article one</a> is by two professors of political economy, Shimshon Bichler and Jonathan Nitzan<span style="font-size:x-small;">.</span> Bichler teaches at colleges and universities in Israel, and Nitzan at York University in Canada. <a href="http://michael-hudson.com/2010/07/from-marx-to-goldman-sachs-the-fictions-of-fictitious-capital1/">Article two</a> is by U.S. economist Michael Hudson.</p>
<p>These two articles actually cover quite a lot of ground. Our reader correctly notices an echo of the views of the 19th-century American reformer Henry George. We can also see in these articles the influence of the Monthly Review School. The article by Bichler and Nitzan contains a long and I think revealing self-critical quote by Paul Sweezy that points straight to the weakness of the Monthly Review School.</p>
<p>Therefore, in these two articles we are dealing with three tendencies. One tendency represents the views of Shimshon Bichler and Jonathan Nitzan<span style="font-size:x-small;"> </span>. A second tendency is the viewpoint of Michael Hudson, and a third the Monthly Review School of Baran and Sweezy and their successors at <em>Monthly</em> <em>Review</em> magazine. Of the three tendencies, only one, Paul Sweezy and his Monthly Review School, is considered a tendency within Marxism. Neither Bichler, Nitzan nor Michael Hudson are Marxists.</p>
<p><a href="https://critiqueofcrisistheory.wordpress.com/responses-to-readers%e2%80%94austrian-economics-versus-marxism/bichler-nitzan-and-hudson-versus-marx/">Read more &#8230;</a></p>
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