Disproportionality and the anarchy of production
Just like the insufficient surplus value families of crisis theories can be divided into sub-groups, such as profit squeeze, class struggle and falling rate of profit brought about by the rising organic composition of capital, so the disproportionality school can be divided into two sub-groups. One can be called the anarchy of production theory, and the other emphasizes the disproportions between the two great departments of production, Department I, which produces the means of production, and Department II, which produces the means of (personal) consumption.
In this post, I will examine the anarchy of production school. The question of the necessary proportionality between Departments I and II involves the question of reproduction, which I will begin to examine in next week’s post.