John wrote: > Ajit might be wondering why I would post such a FROP-friendly exercise, > since he knows that I've been working on a critique of the FROP approach. > But actually it's not a critique of the FROP *argument*, which -- now, > at any rate -- I regard as sound. I agree with Alan that it can stand up > to pretty much all challenges. However, I do not believe that FROP > provides an adequate basis for *crisis theory* and that's mostly what my > present endeavors are on about. I'd be interested to discuss this more, > but I'm going to have to sign-off now for a little while. Perhaps, > when I'm back.... Jerry: Yes, let's discuss crisis theory some more. As you point out, FROP is not, by itself, a theory of capitalist crises. Let's get back to this issue as many Pen-Lers seem to be interested in developing the theory of crisis further. Perhaps a starting point could be a post on John's "present endeavors."
