MHI – Radio Free Humanity

• Episode 53: Henryk Grossmann’s Breakdown Model

  Brendan interviews Andrew about his recent article,“Henryk Grossmann’s Breakdown Model: On the Real Cause of the Fictitious Breakdown Tendency.” Andrew argues that Grossmann’s model and associated theory continue to be influential among fatalists. The co-hosts discuss the political dangers of a fatalist outlook. Much of the interview focuses on flaws in the breakdown model that Andrew says are fatal and irreparable. First, the real cause of breakdown––in the model––is that supply of physical output falls short of productive demand in physical terms, which is the opposite of what occurs in actual economic downturns. Second, the model’s assumption that circulating constant capital permanently grows faster than new value contradicts Marx’s value theory. When we jettison the assumption and employ Marx’s theory, the breakdown tendency vanishes.
  
  
  Current-events segment: “Zuck you!” Brendan and Andrew discuss Frances Haugen’s bombshell incrimination of Facebook.
  
  
  Radio Free Humanity is co-hosted by Brendan Cooney and Andrew Kliman, and sponsored by Marxist-Humanist Initiative (https://www.marxisthumanistinitiative.org/ ). [...]

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WHAT IS RADIO FREE HUMANITY?

Radio Free Humanity is a podcast covering news, politics and philosophy from a Marxist-Humanist perspective. It is co-hosted by Brendan Cooney and Andrew Kliman. We intend to release new episodes every two weeks. Radio Free Humanity is sponsored by MHI, but the views expressed by the co-hosts and guests of Radio Free Humanity are their own. They do not necessarily reflect the views and positions of MHI.

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