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Slump—How Soon, How Far, How Long?

Leo Huberman, Paul M. Sweezy

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Abstract

There is at least one respect in which history (under capitalism) always repeats itself: every boom is followed by a slump. We have been in a boom for nearly two years now, and It seems not too soon to ask the inevitable questions: How soon will the slump come? How far will it go? How long will it last?This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.

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What this paper is about

There is at least one respect in which history (under capitalism) always repeats itself: every boom is followed by a slump. We have been in a boom for nearly two years now, and It seems not too soon to ask the inevitable questions: How soon will the slump come? How far will it go? How long will it last?This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.

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Available abstract

There is at least one respect in which history (under capitalism) always repeats itself: every boom is followed by a slump. We have been in a boom for nearly two years now, and It seems not too soon to ask the inevitable questions: How soon will the slump come? How far will it go? How long will it last?This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.

Key concepts: Slump, Boom, Capitalism, History, Ask price, Economic history, Genealogy, Political economy

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