What Happened to the Economic Crisis?

  • Leo Huberman
  • Paul M. Sweezy
Keywords: Political Economy


In mid-May of this year, we wrote that "there is a very real possibility of an economic crisis in the near future." (MR, June 1952, p. 38.) Actually, there have been few signs of such a crisis in the intervening period. Was our analysis cockeyed, or did some new factor intervene to change the situation? It seems possible now to answer this question with reasonable assurance.
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