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Periodicity of crises
I don't know if anyone keeps up with these comment boards, but here's a question out of the text of Capital, Vol. 1 (Penguin Classics) -
On page 786, footnote, Engels adds a section Marx included in the French edition in which Marx discusses the length of the periods between crises. He says
The data presented in this video doesn't suggest that the period was ever in the vicinity of "ten or eleven years," nor does the period appear to be diminishing.
The question is three-fold:
First, at what data was Marx looking that suggested that the period of crises was ten or eleven years?
Second, what suggested to him that the period should accelerate? (I know this is tied into the laws of accumulation, but I can't figure out how.)
Third, why has the period, if it did indeed start where he suggested, lengthened rather than diminished?
My guess is that the growth of the capitalist class over time allowed them to hedge better against cycles and moderate their experience of the effects, ensuring that the only crises that can get to them are the more substantial ones. Since bourgeois history wouldn't even register the "non-severe crises" thanks to the insulation, the period of crises in general appears no different from the period of "severe crises." Wouldn't have any data to back that up though, of course. Any input?
Thanks,
James