The Falling Rate of Profit in the Postwar United States Economy
Author: Fred Moseley
Publisher:
Published: 1991
Total Pages: 234
ISBN-13:
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The Falling Rate of Profit in the Postwar United States Economy
Author: Fred Moseley
Publisher: Springer
Published: 1991-06-18
Total Pages: 226
ISBN-13: 1349123536
DOWNLOAD EBOOKPresents an empirical test of Marx's theory of the "falling rate of profit" by deriving estimates of the Marxian rate of profit and its determinants for the post-World War II US economy in order to determine whether the trends in these variables were in the directions predicted by Marx's theory.
The Falling Rate of Profit and the Great Recession of 2007-2009
Author: Peter H. Jones
Publisher: BRILL
Published: 2021-04-06
Total Pages: 272
ISBN-13: 9004398325
DOWNLOAD EBOOKIn The Falling Rate of Profit and the Great Recession of 2007-2009, Peter H. Jones develops a new non-equilibrium interpretation of the labour theory of value Karl Marx builds in Capital. Applying this to US national accounting data, Jones shows that when measured correctly the profit rate falls in the lead up to the Great Recession, and for the main reason Marx identifies: the rising organic composition of capital. Jones also details a new theory of finance, which shows how cycles in the profit rate relate to stock market booms and slumps, and movements in the interest rate. He discusses the implications of the analysis and Marx and Engels’ work generally for a democratic socialist strategy.
The Economics of World War I
Author: Stephen Broadberry
Publisher: Cambridge University Press
Published: 2005-09-29
Total Pages: 363
ISBN-13: 1139448358
DOWNLOAD EBOOKThis unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.
Social Structures of Accumulation
Author: David M. Kotz
Publisher: Cambridge University Press
Published: 1994-08-26
Total Pages: 340
ISBN-13: 9780521459044
DOWNLOAD EBOOKThe social structure of accumulation (SSA) approach seeks to explain the long-term fortunes of capitalist economies in terms of the effect of political and economic institutions on growth rates. This book offers an ideal introduction to this powerful tool for understanding capitalist growth, analysing the social and economic differences between countries and the reasons for the successes and failures of institutional reform. The contributors cover a wide range of topics, including the theoretical basis of the SSA approach, the postwar financial system, Marxian and Keynesian theories of economic crisis, labour-management relations, race and gender issues, and the history of institutional innovation. Combining newly written essays with classic articles of the SSA school, the book examines the international economy and the economies of Japan, South Africa, and Puerto Rico, as well as the United States.
New Findings in Long-Wave Research
Author: Alfred Klienknecht
Publisher: Springer
Published: 1993-02-12
Total Pages: 355
ISBN-13: 1349224502
DOWNLOAD EBOOKThis book presents new methods for the analysis of time series and the identification of long waves. In Part One it is shown that new time series analyses confirm the existence of Kondratieff long waves in economic growth for the 19th and 20th centuries. Part Two presents evidence on long waves in aggregate profit rates for selected major industrialized countries. Part Three covers theoretical discussions and attempts at modeling social, economic and technological factors in long waves.
Marx's Theory of Crisis
Author: Simon Clarke
Publisher: Springer
Published: 2016-07-27
Total Pages: 301
ISBN-13: 134923186X
DOWNLOAD EBOOKThe theory of crisis has always played a central role within Marxism, and yet has been one of its weakest elements. Simon Clarke's important new book provides the first systematic account of Marx's own writings on crisis, examining the theory within the context of Marx's critique of political economy and of the dynamics of capitalism. The book concentrates on the scientific interpretation and evaluation of the theory of crisis, and will be of interest to mainstream economists, as well as to sociologists, political scientists and students of Marx and Marxism.
Growth, Accumulation, and Unproductive Activity
Author: Edward N. Wolff
Publisher: Cambridge University Press
Published: 2006-12-14
Total Pages: 216
ISBN-13: 9780521034753
DOWNLOAD EBOOKThis book documents the growth of unproductive activity in the United States economy since World War II and its relation to the economic surplus, capital accumulation, and economic growth. Unproductive activities broadly consist of those involved in the circulation process, including wholesaling and retailing, banking and financial services, advertising, legal services, business services and many (though not all) government activities. The results indicate that the level of unproductive activity in the postwar economy has been a significant factor in the slowdown in the rate of capital accumulation, productivity growth and the overall growth rate. Here, the villain is shown to be the gradual but persistent shift of resources to unproductive activities. The consequence has been a reduction in new capital formation and productivity growth and an erosion in the rate of growth in per capita living standards. Moreover, the rise in unproductive activity is itself seen to be rooted in the logic of advanced capitalism. The forces of competition, which in the early stages of capitalism lead to rapid technical change and productivity growth, promote non-productive and even counterproductive activities in its more advanced stages.
The Pathology of the US Economy
Author: Michael Perelman
Publisher: Springer
Published: 2016-07-27
Total Pages: 267
ISBN-13: 1349243299
DOWNLOAD EBOOKThis book demonstrates the calamitous consequences of the current US policies that follow a Haitian model of low wage development. The author makes his case by describing the decades-long unfolding of the current crisis in the US economy following the post-war boom. From the beginning, the boom contained the seeds of its own destruction. As the boom disintegrated, attempts to stabilize the economy made matters even worse. Efforts at profit maximization reinforced the problems. For example, attacks on both labour and government reinforced the decline. This work warns against framing policies predicated upon either Keynesian or neo-classical theory since both suffer from an unwarranted belief that a market economy can avoid crisis with appropriate economic management.
The Value of Marx
Author: Alfredo Saad Filho
Publisher: Routledge
Published: 2001-11-29
Total Pages: 190
ISBN-13: 1134566972
DOWNLOAD EBOOKThis book constitutes an overview of recent developments in political economy in general, and Marxist value theory in particular. The implications of value theory for bank credit, inflation and deflation are fully explored.
