Marx’s Economic Crisis Theory And Its Contemporary Value

Because of American subprime crisis, global financial crisis has different effectson nations’ politics and economies. It has evolved into the economic crisisthroughout the world. Recently, the world economy has been on the mend, but theroot of economic crisis has not been eliminated yet, and the debt crisis is on the rise.The global economic recovery is still slow, and post-Financial Crisis Era is still fullof uncertain factors. How to deal with financial crisis which erupts periodically hasbecome the main topic to research and explore for economists in the world. Manyexperts simply conclude that the reason of financial crisis is lack of financialsupervising or credit crisis, while they never understand the nature of financial crisis.Therefore, people cannot help concentrating on Economic Crisis Theory of Marxismwhich generated160years ago. The eruption of financial crisis verifies thatEconomic Crisis Theory of Marxism is scientific, and it’s revealed that Marx’stheories about financial crisis are still one of the most persuasive theories in thehistory of economics.My paper discusses and researches Economic Crisis Theory of Marxism deeply,analyzes on its formation and development and explains its main contents. Based onanalyzing the connotation, characteristic and expression of financial crisis, we canfind that economic globalization and the credit crisis are important factors offinancial crisis.According to analyzing and researching this theory,it is revealed thatMarx’s economic crisis theory has its practical value, and plays an importing guidingrole on socialist market economy. The theory makes sense to acknowledge the natureof international crisis deeply and replay to the complicated and various internationalfinancial situation. Moreover,in enlightens us to promote our economic growth anddeal with international financial crisis in the future.