The Failure Of Capitalist Production

Author : Andrew Kliman
Publisher : Unknown
Page : 0 pages
File Size : 47,5 Mb
Release : 2012
Category : Business cycles
ISBN : 1849646201

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The Failure of Capitalist Production by Andrew Kliman Pdf

"The recent financial crisis and Great Recession have been analysed endlessly in the mainstream and academia, but this is the first book to conclude, on the basis of in-depth analyses of official US data, that Marx's crisis theory can explain these events. Marx believed that the rate of profit has a tendency to fall, leading to economic crises and recessions. Many economists, Marxists among them, have dismissed this theory out of hand, but Andrew Kliman's careful data analysis shows that the rate of profit did indeed decline after the post-World War II boom and that free-market policies failed to reverse the decline. The fall in profitability led to sluggish investment and economic growth, mounting debt problems, desperate attempts of governments to fight these problems by piling up even more debt -- and ultimately to the Great Recession. Kliman's conclusion is simple but shocking: short of socialist transformation, the only way to escape the 'new normal' of a stagnant, crisis-prone economy is to restore profitability through full-scale destruction of existing wealth, something not seen since the Depression of the 1930s."--Publisher's website.

Author : Andrew Kliman
Publisher : Lexington Books
Page : 264 pages
File Size : 47,8 Mb
Release : 2007
Category : Political Science
ISBN : 0739118528

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Reclaiming Marx's Capital by Andrew Kliman Pdf

Attempts to reclaim Marx's Capital from the myth of inconsistency. This book is intended for non-specialist readers, and shows that the inconsistencies are actually caused by misinterpretation; the temporal single-system interpretation eliminates all of the alleged inconsistencies.

Author : Paul Mattick
Publisher : Reaktion Books
Page : 129 pages
File Size : 51,8 Mb
Release : 2011-05-15
Category : Business & Economics
ISBN : 9781861899828

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Business as Usual by Paul Mattick Pdf

The recent global economic downturn has affected nearly everyone in every corner of the globe. Its vast reach and lingering effects have made it difficult to pinpoint its exact cause, and while some economists point to the risks inherent in the modern financial system, others blame long-term imbalances in the world economy. Into this debate steps Paul Mattick, who, in Business as Usual, explains the global economic downturn in relation to the development of the world economy since World War II, but also as a fundamental example of the cycle of crisis and recovery that has characterized capitalism since the early nineteenth century. Mattick explains that today’s recession is not the result of a singular financial event but instead is a manifestation of long-term processes within the world economy. Mattick argues that the economic downturn can best be understood within the context of business cycles, which are unavoidable in a free-market economy. He uses this explanation as a springboard for exploring the nature of our capitalist society and its prospects for the future. Although Business as Usual engages with many economic theories, both mainstream and left-wing, Mattick’s accessible writing opens the subject up in order for non-specialists to understand the current economic climate not as the effect of a financial crisis, but as a manifestation of a truth about the social and economic system in which we live. As a result the book is ideal for anyone who wants to gain a succinct and jargon-free understanding of recent economic events, and, just as important, the overall dynamics of the capitalist system itself.

Author : Geert Reuten
Publisher : BRILL
Page : 737 pages
File Size : 40,8 Mb
Release : 2018-12-24
Category : Political Science
ISBN : 9789004392809

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The unity of the capitalist economy and state by Geert Reuten Pdf

In The unity of the capitalist economy and state, Geert Reuten offers a systematic exposition of the capitalist system, showing that the capitalist economy and the capitalist state constitute a unity. In its critique of contemporary economics, the book argues that in order to comprehend the capitalist system, one requires a full synthetic exposition of the economic and state institutions and processes necessary for its continued existence. A synthetic approach also reveals a range of components that are often obscured by partial analyses. In its systematic character, Reuten’s work takes inspiration from Marx’s provisional outline of the capitalist system in Capital, while also addressing fields that Marx left unfinished – such as the capitalist state.

Author : Richard A. Posner
Publisher : Harvard University Press
Page : 372 pages
File Size : 49,8 Mb
Release : 2011-05-31
Category : Business & Economics
ISBN : 0674051297

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A Failure of Capitalism by Richard A. Posner Pdf

The financial and economic crisis that began in 2008 is the most alarming of our lifetime because of the warp-speed at which it is occurring. How could it have happened, especially after all that we've learned from the Great Depression? Why wasn't it anticipated so that remedial steps could be taken to avoid or mitigate it? What can be done to reverse a slide into a full-blown depression? Why have the responses to date of the government and the economics profession been so lackluster? Richard Posner presents a concise and non-technical examination of this mother of all financial disasters and of the, as yet, stumbling efforts to cope with it. No previous acquaintance on the part of the reader with macroeconomics or the theory of finance is presupposed. This is a book for intelligent generalists that will interest specialists as well. Among the facts and causes Posner identifies are: excess savings flowing in from Asia and the reckless lowering of interest rates by the Federal Reserve Board; the relation between executive compensation, short-term profit goals, and risky lending; the housing bubble fuelled by low interest rates, aggressive mortgage marketing, and loose regulations; the low savings rate of American people; and the highly leveraged balance sheets of large financial institutions. Posner analyzes the two basic remedial approaches to the crisis, which correspond to the two theories of the cause of the Great Depression: the monetarist--that the Federal Reserve Board allowed the money supply to shrink, thus failing to prevent a disastrous deflation--and the Keynesian--that the depression was the product of a credit binge in the 1920's, a stock-market crash, and the ensuing downward spiral in economic activity. Posner concludes that the pendulum swung too far and that our financial markets need to be more heavily regulated. Read Richard Posner's blog, and his latest article in The Atlantic.

Author : David Harvey
Publisher : Oxford University Press, USA
Page : 354 pages
File Size : 52,9 Mb
Release : 2014
Category : Business & Economics
ISBN : 9780199360260

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Seventeen Contradictions and the End of Capitalism by David Harvey Pdf

"David Harvey examines the internal contradictions within the flow of capital that have precipitated recent crises. While the contradictions have made capitalism flexible and resilient, they also contain the seeds of systemic catastrophe"--

Author : James Fulcher
Publisher : OUP Oxford
Page : 160 pages
File Size : 50,5 Mb
Release : 2015-06-25
Category : Business & Economics
ISBN : 9780191039010

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Capitalism: A Very Short Introduction by James Fulcher Pdf

What is capitalism? Is capitalism the same everywhere? Is there an alternative? The word 'capitalism' is one that is heard and used frequently, but what is capitalism really all about, and what does it mean? This Very Short Introduction addresses questions such as 'what is capital?' before discussing the history and development of capitalism through several detailed case studies, ranging from the tulipomania of 17th century Holland, the Great Depression of the 1930s, and in this new edition, the impact of the global financial crisis that started in 2007-8. James Fulcher looks at the different forms that capitalism takes in Britain, Japan, Sweden, and the United States, and explores whether capitalism has escaped the nation-state by going global. It ends by asking whether there is an alternative to capitalism, discussing socialism, communal and cooperative experiments, and the alternatives proposed by environmentalists. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

Author : Todd McGowan
Publisher : Columbia University Press
Page : 305 pages
File Size : 42,6 Mb
Release : 2016-09-20
Category : Philosophy
ISBN : 9780231542210

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Capitalism and Desire by Todd McGowan Pdf

Despite creating vast inequalities and propping up reactionary world regimes, capitalism has many passionate defenders—but not because of what it withholds from some and gives to others. Capitalism dominates, Todd McGowan argues, because it mimics the structure of our desire while hiding the trauma that the system inflicts upon it. People from all backgrounds enjoy what capitalism provides, but at the same time are told more and better is yet to come. Capitalism traps us through an incomplete satisfaction that compels us after the new, the better, and the more. Capitalism's parasitic relationship to our desires gives it the illusion of corresponding to our natural impulses, which is how capitalism's defenders characterize it. By understanding this psychic strategy, McGowan hopes to divest us of our addiction to capitalist enrichment and help us rediscover enjoyment as we actually experienced it. By locating it in the present, McGowan frees us from our attachment to a better future and the belief that capitalism is an essential outgrowth of human nature. From this perspective, our economic, social, and political worlds open up to real political change. Eloquent and enlivened by examples from film, television, consumer culture, and everyday life, Capitalism and Desire brings a new, psychoanalytically grounded approach to political and social theory.

Author : Leo Panitch,Greg Albo,Vivek Chibber
Publisher : NYU Press
Page : 341 pages
File Size : 55,9 Mb
Release : 2010-12
Category : Political Science
ISBN : 9781583672280

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The Crisis This Time by Leo Panitch,Greg Albo,Vivek Chibber Pdf

Contributors to this volume on economic crisis address key themes: -putting 'the crisis this time' in historical and theoretical perspective -analyzing the role of banks and derivatives in global financialization -interrogating Wall Street and the City of London before and after the crisis -surveying the crisis in the USA, the UK, Europe, Japan and South Africa -taking the measure of the impact of the crisis on working class families -showing how 'exit strategies' are reviving neoliberalism -surveying the struggles against the new public austerity in Greece, Ireland, UK and USA This volume ù the first of two ù offers critical perspectives on 'exit strategies' geared towards revitalizing neoliberal capitalism and considers the social and political impact of the crisis on the working class. Next year's volume will extend the geographical focus to China, the Middle East, Eastern Europe and Latin America, and deepen the analysis of the epicentre of the crisis in the USA.

Author : Paul Craig Roberts
Publisher : Atwell Publishing
Page : 134 pages
File Size : 54,9 Mb
Release : 2024-06-16
Category : Capitalism
ISBN : 9780988406513

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The Failure of Laissez Faire Capitalism and Economic Dissolution of the West by Paul Craig Roberts Pdf

This very readable book by a distinguished economist, Wall Street Journal editor, and Assistant Secretary of the US Treasury is a major challenge both to economic theory and to media explanations of the ongoing 21st century economic crisis. The one percent have pulled off an economic and political revolution. By offshoring manufacturing and professional service jobs, US corporations destroyed the growth of consumer income, the basis of the US economy, leaving the bulk of the population mired in debt. Deregulation was used to concentrate income and wealth in fewer hands and financial firms in corporations “too big to fail,” removing financial corporations from market discipline and forcing taxpayers in the US and Europe to cover bankster losses. Environmental destruction has accelerated as economists refuse to count the exhaustion of nature’s resources as a cost and as corporations impose the cost of their activities on the environment and on third parties who do not share in the profits. This is the book to read for those who want to understand the mistakes that are bringing the West to its knees.

Author : Andrew B. Liu
Publisher : Yale University Press
Page : 359 pages
File Size : 43,7 Mb
Release : 2020-04-14
Category : History
ISBN : 9780300252330

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Tea War by Andrew B. Liu Pdf

A history of capitalism in nineteenth‑ and twentieth‑century China and India that explores the competition between their tea industries “Tea War is not only a detailed comparative history of the transformation of tea production in the 19th and early 20th centuries, but it also intervenes in larger debates about the nature of capitalism, global modernity, and global history.”— Alexander F. Day, Occidental College Tea remains the world’s most popular commercial drink today, and at the turn of the twentieth century, it represented the largest export industry of both China and colonial India. In analyzing the global competition between Chinese and Indian tea, Andrew B. Liu challenges past economic histories premised on the technical “divergence” between the West and the Rest, arguing instead that seemingly traditional technologies and practices were central to modern capital accumulation across Asia. He shows how competitive pressures compelled Chinese merchants to adopt abstract industrial conceptions of time, while colonial planters in India pushed for labor indenture laws to support factory-style tea plantations. Characterizations of China and India as premodern backwaters, he explains, were themselves the historical result of new notions of political economy adopted by Chinese and Indian nationalists, who discovered that these abstract ideas corresponded to concrete social changes in their local surroundings. Together, these stories point toward a more flexible and globally oriented conceptualization of the history of capitalism in China and India.

Author : Paul Mason
Publisher : Macmillan
Page : 369 pages
File Size : 50,6 Mb
Release : 2015
Category : Business & Economics
ISBN : 9780374235543

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Postcapitalism by Paul Mason Pdf

"Originally published in 2015 by Allen Lane, an imprint of Penguin Random House, Great Britain"--Title page verso.

Author : Mark Fisher
Publisher : John Hunt Publishing
Page : 116 pages
File Size : 47,9 Mb
Release : 2022-11-25
Category : Political Science
ISBN : 9781803414317

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Capitalist Realism by Mark Fisher Pdf

An analysis of the ways in which capitalism has presented itself as the only realistic political-economic system.

Author : Karl Marx
Publisher : Cosimo, Inc.
Page : 561 pages
File Size : 42,8 Mb
Release : 2007-12-30
Category : Business & Economics
ISBN : 9781605200064

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Capital by Karl Marx Pdf

A classic of early modernism, Capital combines vivid historical detail with economic analysis to produce a bitter denunciation of mid-Victorian capitalist society. It has also proved to be the most influential work in social science in the twentieth century; Marx did for social science what Darwin had done for biology. Millions of readers this century have treated Capital as a sacred text, subjecting it to as many different interpretations as the Bible itself. No mere work of dry economics, Marx's great work depicts the unfolding of industrial capitalism as a tragic drama - with a message which has lost none of its relevance today. This is the only abridged edition to take account of the whole of Capital. It offers virtually all of Volume 1, which Marx himself published in 1867, excerpts from a new translation of 'The Result of the Immediate Process of Production', and a selection of key chapters from Volume 3, which Engels published in 1895.

Author : Karl Marx
Publisher : Unknown
Page : 536 pages
File Size : 51,9 Mb
Release : 1873
Category : Capital
ISBN : NLI:2928297-10

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Capital by Karl Marx Pdf