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Using Marxian theory to understand farm industry crises: a useful enterprise?



Using Marxian theory to understand farm industry crises: a useful enterprise?



Rural Sociology 54(1): 37-59



In the context of recent attempts to apply critical perspectives to topics in rural sociology, two Marxist structural approaches to economic crisis under capitalism are applied to time series data for primary production in the US red meat (cattle and pig) industry. Neither approach receives unequivocal support. However, data from the pig industry strongly support the fundamentalist perspective, which emphasizes the falling rate of profit and the rising organic composition of capital.

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