Date of Award


Document Type


Degree Name

Master of Arts (MA)


Sociology and Anthropology

First Advisor

Dr. Michael Lacy


Political economists have traditionally treated capitalist crisis as a central theoretical focus. Starting with Marx and Engels, Marxian political economists have viewed crisis as a necessary result of ordinary capitalist economic life. Recent Marxist scholars have argued that capitalist crisis is a predominant feature of contemporary capitalism... Non-Marxian political economists have also emphasized crisis in their work. Given the focus on crisis in political economy, and its particular prominence in Marxian theory, the current project centers around that theme. The objective is to systematically evaluate two competing Marxist theories of crisis, contrasting the "Fundamentalist" approach and its emphasis on the tendency for the rate of profit to fall with the "Underconsumptionist" perspective. Data from raising and feeding cows, calves, hogs, and pigs (the read meat industry) in the United States since 1945 will serve as a case study.


A Thesis Presented to the Department of Sociology and the Faculty of the Graduate College University of Nebraska In Partial Fulfillment of the Requirements for the Degree Master of Arts University of Nebraska at Omaha. Copyright 1987, Scott Hunt

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