Karl Marx wrote extensively on crisis but never presented a coherent theory of crisis. Samezō Kuruma, a Japanese Marxian economist, aimed to complete Marx's unfinished theory.
Starting from Marx's observation that the crises of the world market are the ‘real concentration and forcible adjustment of all the contradictions of the bourgeois economy', Kuruma seeks to grasp the inherent contradictions that drive forward and limit capitalism. His focus on the contradictory dynamics of capitalism sets him apart from Marxian thinkers who try to identify a single, primary cause of crisis. This volume brings together all of his writings related to crisis.

Samezō Kuruma, Ph.D (1960), Hosei University, was a professor emeritus at Hosei University, Tokyo, and the chief editor of the multi-volume Marx Lexikon zur Politischen Ökonomie(Otsuki Shoten, 1968-1985). 0ther published works include Keizaigaku shi (History of Political Economy) and Kahei ron(Theory ofMoney).
Michael Schauerte, MA (2001), Hitotsubashi University.Assis- tant Professor at the University of Miyazaki.Other translations include Marx's Theory ofthe Genesis of Money (Brill 2018) by Samezō Kuruma, and A New Introduction to Karl Marx (Palgrave2021) by Ryuji Sasaki.