The Great Canadian Slump, 1990–92

A Classical Marxian Analysis

In: Historical Materialism
Geoffrey McCormack Wheelock College

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After examining the character of the downturn and existing explanations for it, the article provides an alternative classical Marxian account based upon the methodological and theoretical framework developed by Henryk Grossman. This article investigates the long- and short-run dynamics of capital accumulation in Canada leading up to and culminating in the economic downturn of 1990–2.

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