The Birth of International Surplus Capital and After

Abstract

The paper presents the basic conceptual framework, whereby to comprehend a series of global financial crises since the early 1980s, i.e. absolute, relative, and absolute and relative surplus capital on the global scale. A short history of the birth of international surplus capital in the middle of the 1990s is followed by the author’s interpretation of the present global financial crisis beginning with subprime mortgage crisis in 2007. And finally, merits and advantages of dialectical conceptual analysis are advocated as an economic methodology.