Tugan's ‘bubble’: underconsumption and crises in a Marxian model
分析了图甘-巴拉诺夫斯基否认消费不足危机的论点，将其路径描述为一种“泡沫”，其持续时间与信心水平相关，并说明这种泡沫如何导致准周期性危机。
Tugan-Baranowsky denied the possibility of underconsumption crises, arguing that capitalists would invest indefinitely in machines simply to produce more machines. Marxists have criticized this argument but have failed to show how such crises occur. Tugan's path is here characterized as a variety of 'bubble' whose duration is related to the level of confidence. Opportunities for the birth of bubbles arise from capitalist parsimony and reductions in wage costs. In this way quasi-periodic crises may be generated. Tugan's bubble is distinct from the neoclassical bubble but like the latter it contributes to the removal of inefficiency. (c) 1995 Academic Press, Ltd. Copyright 1995 by Oxford University Press.