## FAQ

### What is Marx’s theory of crisis?

Marx’s theory of crisis revolves around the relationship between surplus population and crisis. He argues that modern industry experiences cycles of periods of average activity, production at high pressure, crisis, and stagnation, all of which depend on the constant formation and absorption of the surplus population.

### What is the significance of labor-power in Marx’s theory?

Labor-power is a key concept in Marx’s theory as it is the commodity that drives capitalist production. In times of prosperity, labor-power is indispensable as it creates new value within capitalist production. However, during a recession, labor-power becomes disposable, leading to contradictions in its role in the capitalist system.

### How does Uno Kōzō’s theory align with Marx’s theory of crisis?

Uno Kōzō builds on Marx’s theory by emphasizing the commodification of labor-power and its complexities within capitalist economies. He discusses the concept of “muri,” which signifies the tension and dynamism that exists in the capitalist system due to the nature of labor-power as a commodity.

## Conclusion

Marx’s contribution to economic theory, specifically his analysis of capital accumulation and crisis, remains significant in understanding the modern capitalist system. By uncovering the dark secrets of classical political economy and delving into the dynamics of labor and surplus value, Marx provided a framework that continues to be relevant in contemporary economic analyses. Uno Kōzō further expands on Marx’s theory by exploring the intricacies of labor-power commodification within capitalist systems, shedding light on the complexities of capitalist production and crisis. Understanding these theories can provide valuable insights into the functioning and vulnerabilities of the capitalist economy.