Maturity And Stagnation In American Capitalism

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Maturity and Stagnation in American Capitalism

Author : Josef Steindl
Publisher : NYU Press
Page : 275 pages
File Size : 46,8 Mb
Release : 1976
Category : History
ISBN : 9780853453185

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Maturity and Stagnation in American Capitalism by Josef Steindl Pdf

Details a pattern of development and investment in the American economy that produces diminished growth and increased stagnation.

Rethinking Capitalist Development

Author : Tracy Mott,Nina Shapiro
Publisher : Routledge
Page : 177 pages
File Size : 47,6 Mb
Release : 2004-10-28
Category : Business & Economics
ISBN : 9781134722723

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Rethinking Capitalist Development by Tracy Mott,Nina Shapiro Pdf

This collection honours the work of the eminent economist Josef Steindl. Steindl's work is illuminated through a critical appraisal of its central constructs with a focus on its relevance to current economic conditions. This collection charts the thinking of one of the leading economic theorists of the twentieth century.

The Alternative Austrian Economics

Author : John E. King
Publisher : Edward Elgar Publishing
Page : 299 pages
File Size : 49,6 Mb
Release : 2019-12-27
Category : Business & Economics
ISBN : 9781788971515

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The Alternative Austrian Economics by John E. King Pdf

For most economists, ‘Austrian economics’ refers to a distinct school of thought, originating with Mises and Hayek and characterised by a strong commitment to free-market liberalism. This innovative book explores an alternative Austrian tradition in economics. Demonstrating how the debate on the economics of socialism began in Austria long before the 1930s, it analyses the work and impact of many leading Austrian economists through a century of Austrian socialist economics.

Stagnation and the Financial Explosion

Author : Harry Magdoff,Paul M. Sweezy
Publisher : Aakar Books
Page : 212 pages
File Size : 45,5 Mb
Release : 2008
Category : Electronic
ISBN : 8189833405

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Stagnation and the Financial Explosion by Harry Magdoff,Paul M. Sweezy Pdf

The book focuses on the most recent phase of the development of U.S. capitalism, stressing the profound contradictions of the underlying processes of capital accumulation and pointing the way to the fundamental reforms that are the essential precondition

The Theory of Monopoly Capitalism

Author : John Bellamy Foster
Publisher : NYU Press
Page : 320 pages
File Size : 45,7 Mb
Release : 2014-04
Category : Business & Economics
ISBN : 9781583674413

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The Theory of Monopoly Capitalism by John Bellamy Foster Pdf

Absent any "epoch making innovations" like the automobile or vast new increases in military spending, the result was a general trend toward economic stagnation--a condition that persists, and is increasingly apparent, to this day. Their analysis was also extended to issues of imperialism, or "accumulation on a world scale," overlapping with the path-breaking work of Samir Amin in particular. John Bellamy Foster is a leading exponent of this theoretical perspective today, continuing in the tradition of Baran and Sweezy's Monopoly Capital. This new edition of his essential work, The Theory of Monopoly Capitalism, is a clear and accessible explication of this outlook, brought up to the present, and incorporating an analysis of recently discovered "lost" chapters from Monopoly Capital and correspondence between Baran and Sweezy.

The Endless Crisis

Author : John Bellamy Foster,Robert W. McChesney
Publisher : Monthly Review Press
Page : 239 pages
File Size : 46,5 Mb
Release : 2017-05-01
Category : Business & Economics
ISBN : 9781583676790

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The Endless Crisis by John Bellamy Foster,Robert W. McChesney Pdf

The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Although the Great Recession officially ended in June 2009, hopes for a new phase of rapid economic expansion were quickly dashed. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement, poverty has increased, and the trend toward more inequality of incomes and wealth has continued. It appears that the Great Recession has given way to a period of long-term anemic growth, which Foster and McChesney aptly term the Great Stagnation. This incisive and timely book traces the origins of economic stagnation and explains what it means for a clear understanding of our current situation. The authors point out that increasing monopolization of the economy—when a handful of large firms dominate one or several industries—leads to an over-abundance of capital and too few profitable investment opportunities, with economic stagnation as the result. Absent powerful stimuli to investment, such as historic innovations like the automobile or major government spending, modern capitalist economies have become increasingly dependent on the financial sector to realize profits. And while financialization may have provided a temporary respite from stagnation, it is a solution that cannot last indefinitely, as instability in financial markets over the last half-decade has made clear.

Steindl on Imperfect Competition

Author : Harry Bloch
Publisher : Unknown
Page : 0 pages
File Size : 53,7 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1375316625

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Steindl on Imperfect Competition by Harry Bloch Pdf

Josef Steindl offers an innovative dynamic analysis of competition in Maturity and Stagnation in American Capitalism, with a key role for technical change. However, in his later writings he suggests that he had not gone far enough and that his account was not sufficiently dynamic, noting particularly his neglect of fundamental issues in technological development. Here, we critically examine the nature of technical change in Steindls analysis, pointing to ambiguities and contradictions that arise. Standard characterizations of the nature of technical change are then introduced and used to further integrate technical change into Steindls analysis of competition.

The Economics of Global Turbulence

Author : Robert Brenner
Publisher : Verso
Page : 412 pages
File Size : 44,5 Mb
Release : 2006-08-17
Category : Business & Economics
ISBN : 1859847307

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The Economics of Global Turbulence by Robert Brenner Pdf

A commanding survey of the world economy from 1950 to the present, from the author of the acclaimed The Boom and the Bubble.

23 Things They Don't Tell You about Capitalism

Author : Ha-Joon Chang
Publisher : Bloomsbury Publishing USA
Page : 305 pages
File Size : 40,9 Mb
Release : 2011-01-02
Category : Business & Economics
ISBN : 9781608193585

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23 Things They Don't Tell You about Capitalism by Ha-Joon Chang Pdf

INTERNATIONAL BESTSELLER "For anyone who wants to understand capitalism not as economists or politicians have pictured it but as it actually operates, this book will be invaluable."-Observer (UK) If you've wondered how we did not see the economic collapse coming, Ha-Joon Chang knows the answer: We didn't ask what they didn't tell us about capitalism. This is a lighthearted book with a serious purpose: to question the assumptions behind the dogma and sheer hype that the dominant school of neoliberal economists-the apostles of the freemarket-have spun since the Age of Reagan. Chang, the author of the international bestseller Bad Samaritans, is one of the world's most respected economists, a voice of sanity-and wit-in the tradition of John Kenneth Galbraith and Joseph Stiglitz. 23 Things They Don't Tell You About Capitalism equips readers with an understanding of how global capitalism works-and doesn't. In his final chapter, "How to Rebuild the World," Chang offers a vision of how we can shape capitalism to humane ends, instead of becoming slaves of the market.

Elgar Encyclopedia of Post-Keynesian Economics

Author : Louis-Philippe Rochon,Sergio Rossi
Publisher : Edward Elgar Publishing
Page : 475 pages
File Size : 46,8 Mb
Release : 2023-01-13
Category : Business & Economics
ISBN : 9781788973939

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Elgar Encyclopedia of Post-Keynesian Economics by Louis-Philippe Rochon,Sergio Rossi Pdf

This Encyclopedia is an invaluable reference book for post-Keynesian and heterodox economics. It consists of 300 entries, written by 180 different authors. The volume includes entries on key concepts of interest to post-Keynesians as well as descriptions of some of the seminal books in the post-Keynesian tradition. It will interest both students and scholars of heterodox economics, as well as policy makers around the world looking for a better alternative to mainstream economic policies at national and international levels in the aftermath of the global financial crisis that burst in 2008 and the COVID-19 pandemic crisis that began in 2020.

Handbook of Economic Stagnation

Author : Randall Wray,Flavia Dantas
Publisher : Academic Press
Page : 432 pages
File Size : 50,9 Mb
Release : 2022-04-24
Category : Business & Economics
ISBN : 9780128162705

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Handbook of Economic Stagnation by Randall Wray,Flavia Dantas Pdf

Handbook of Economic Stagnation takes a broad view, including contributions from orthodox and heterodox economists who examine situations in countries and worldwide regions, including Japan and the Euro area. To be sure, stagnation is periodically relieved by short economic bursts usually brought on by unsustainable asset price bubbles. Once the bubbles burst, stagnation returns. This book's fresh, comprehensive approach to the topic makes it the premier source for anyone affected by these cycles. Synthesizes and organizes diverse perspectives about crisis economics and future economic growth Emphasizes the relationships among stagnation, international economics, and the global distribution of labor Includes Japan and the Euro zone as well as other countries and regions worldwide

American Corporate Economy

Author : William Lazonick
Publisher : Taylor & Francis
Page : 448 pages
File Size : 54,8 Mb
Release : 2002
Category : Corporations
ISBN : 0415186129

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American Corporate Economy by William Lazonick Pdf

The readings collected in these four volumes examine the evolution, operation, and performance of the American corporate enterprise, and the American corporate economy more generally. Divided into seven sections, many of the readings provide broad overviews of the evolution of the US corporate enterprise, while others contribute to debates on its role in the evolution of American economy and society. The material is arranged thematically to help the reader navigate the field. There is also a new introduction and a thorough index, making this set an invaluable resource for both academics and practitioners in the field.

Declining Profitability and the Evolution of the US Economy

Author : Ascension Mejorado,Manuel Roman
Publisher : Taylor & Francis
Page : 311 pages
File Size : 52,7 Mb
Release : 2023-09-01
Category : Business & Economics
ISBN : 9781000956337

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Declining Profitability and the Evolution of the US Economy by Ascension Mejorado,Manuel Roman Pdf

The 1970s were a pivotal decade for the US economy: deindustrialization broke the power of the labor unions and made possible the redistribution of income in favor of corporate profits; globalization and offshore investments opened alternatives to domestic nonfinancial capital accumulation; domestic productivity growth declined; and labor-saving technology empowered superstar corporations to rapidly gain market share. This book argues that the persistent fall in profitability, leading to the stagflation crisis, was a direct result of the transition from the Fordist phase of capital accumulation, based on large-scale manufacturing, to the neoliberal phase and the rising power of finance. Neoliberalism restored the power of rentiers but not the profit rates of nonfinancial corporations. Falling accumulation rates weakened the growth capacity of nonfinancial corporate firms and secular stagnation became the norm. Neo-Keynesian economists, Larry Summers and Paul Krugman, explained the persistence of secular stagnation with arguments borrowed from Alvin Hansen in the 1930s, such as the declining birth rate or the falling relative prices of investment goods, hence a shortfall of demand. In the Classical paradigm, profitability drives capital accumulation and falling profitability slows down growth. As the accumulation rate declined and the capacity growth diminished, breakdowns in supply links, due to the COVID-19 pandemic, prevented large infusions of purchasing power to find matching levels of supply, hence the stagflation crisis returned. The book will be a great asset to researchers and scholars interested in the development of Classical Political Economy concerning issues related to inflation, stagnation, growing inequality, and the next phase of neoliberalism.

Secular Stagnation Theories

Author : Christina Anselmann
Publisher : Springer Nature
Page : 336 pages
File Size : 50,7 Mb
Release : 2020-04-17
Category : Business & Economics
ISBN : 9783030410872

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Secular Stagnation Theories by Christina Anselmann Pdf

In light of weak economic performances and rising income disparities across the developed world during the past decades, this book provides a comprehensive overview of secular stagnation theories in the history of economic thought and examines the role of income distribution in various stagnation hypotheses. By offering a historical perspective, from the classical economists to the most recent stagnation debate of the early twenty-first century, the author shows that most stagnation theories were developed in periods of high and/or rising income disparities. Eventually, it was Josef Steindl, one of the least recognized stagnationists in the history of economic thought, who put the distribution of income at the heart of his stagnation theory. While Josef Steindl focused on the nexus between the functional distribution of income and economic growth, this book includes the personal distribution of income in a Kaleckian-Steindlian model of economic growth and stagnation. In the model presented, the nexus between economic growth and the distribution of income is a priori uncertain, depending on the type of economic shock and the specific economic circumstances. The author also discusses various empirically oriented policy implications aimed at fostering both economic growth and a more equal distribution of income. This book appeals to scholars in economics and the history of economic thought interested in economic growth, secular stagnation, and income distribution.