The sources of Commercial Crises of the Nineteenth Century

1. Adam Smith 1 authority 1 citation

   introduction

   Invoked as a superior authority to orthodox political economists who fail to see class antagonism

   in this respect proving themselves less clear-sighted than their master, Adam Smith, who, at least, detected that employers were in a permanent conspiracy to keep down the rate of wages.

2. Karl Marx 1 authority 1 citation · 2 passages

   introduction 2 passages anchored here

   The school of Marx is cited as providing the correct analysis that others avoid

   The ablest summary of the causes of crises yet formulated outside of the school of Marx is really but a recapitulation of the symptoms which precede a crisis, not in any sense an analysis of the causes which bring it about.

3. Robert Owen 1 endorsed 1 citation

   i. the crisis of 1815

   Cited approvingly as an early analyst who correctly attributed the crisis to capitalist machinery use

   Notably, we may observe the glut of commodities as the pre-eminent cause of lack of employment and misery for the working classes, already instanced by Robert Owen as directly due to the use of machinery by the great capitalists exclusively for their own profit.

Each stands at a single passage. The chapter carries the anchors.

preface 1 source

Geschichte der Handelskrisen

introduction 2 sources

College of Industry · Stanley Jevons