RFH 135: Grossmanism and the Specter of Physical Quantities

Co-hosts Andrew Kliman and Gabriel Donnelly dive deep into Henryk Grossman’s model and theory of capitalist breakdown. They discuss Andrew’s upcoming new article on Grossman, and Andrew’s dialogue with a Grossman defender. MHI has recently published an article by Michael Rednitz, “Grossman’s “Correction” of Marx’s Law of the Tendential Fall in the Rate of Profit,” and the co-hosts also discuss its contributions to the critique of Grossmanism. This episode is a continuation of MHI’s prior engagements with Grossmanism, including two prior episodes of this podcast series. In episode 53 we first discussed Grossman’s model and theory of capitalist breakdown, and in episode 69 we interviewed author Ted Reese about his book on Grossmanism. Additionally, Andrew led three class sessions on Grossmanism last fall. Plus current-events segment: The co-hosts discuss the Trumpist tariffs, and the conspiratorial, outdated economic thinking that inspired it. They consider the serious risk of a Trump-induced global recession.