Marxist Theories and Economic Crises

This chapter explores the adaptation of classical economic models by Marxist thinkers in the context of monopolistic capitalism and the ideal 'golden age' of stable growth. It critically analyzes Donald Harris's economic theories, focusing on the minimal role of class struggles in his work, while drawing parallels to the evolution from leftist to capitalist ideologies in Jamaica's economic perspective. Ultimately, the discussion highlights the disconnect between radical Marxist principles and the contemporary policy discussions shaped by academia.