The Falling Rate Of Profit In The Postwar United States Economy

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The Falling Rate of Profit in the Postwar United States Economy

Author : Fred Moseley
Publisher : Springer
Page : 226 pages
File Size : 54,6 Mb
Release : 1991-06-18
Category : Political Science
ISBN : 9781349123537

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The Falling Rate of Profit in the Postwar United States Economy by Fred Moseley Pdf

Presents 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 Economics of World War I

Author : Stephen Broadberry,Mark Harrison
Publisher : Cambridge University Press
Page : 363 pages
File Size : 51,9 Mb
Release : 2005-09-29
Category : History
ISBN : 9781139448352

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The Economics of World War I by Stephen Broadberry,Mark Harrison Pdf

This 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.

The Falling Rate of Profit and the Great Recession of 2007-2009

Author : Peter H. Jones
Publisher : BRILL
Page : 272 pages
File Size : 51,8 Mb
Release : 2021-04-06
Category : Political Science
ISBN : 9789004398320

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The Falling Rate of Profit and the Great Recession of 2007-2009 by Peter H. Jones Pdf

In 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.

New Findings in Long-Wave Research

Author : Alfred Klienknecht,Ernest Mandel,Immanuel Wallersten
Publisher : Springer
Page : 355 pages
File Size : 46,9 Mb
Release : 1993-02-12
Category : Business & Economics
ISBN : 9781349224500

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New Findings in Long-Wave Research by Alfred Klienknecht,Ernest Mandel,Immanuel Wallersten Pdf

This 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
Page : 301 pages
File Size : 47,5 Mb
Release : 2016-07-27
Category : Social Science
ISBN : 9781349231867

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Marx's Theory of Crisis by Simon Clarke Pdf

The 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.

The Economics of Global Turbulence

Author : Robert Brenner
Publisher : Verso
Page : 412 pages
File Size : 47,5 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.

Measuring the Wealth of Nations

Author : Anwar M. Shaikh,E. Ahmet Tonak
Publisher : Cambridge University Press
Page : 404 pages
File Size : 50,8 Mb
Release : 1996-11-28
Category : Political Science
ISBN : 0521564794

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Measuring the Wealth of Nations by Anwar M. Shaikh,E. Ahmet Tonak Pdf

This book provides an alternate foundation for the measurement of the production of nations, and applies it to the U.S. economy for the postwar period. The patterns that result are significantly different from those derived within conventional systems of national accounts. Conventional national accounts seriously distort basic economic aggregates, because they classify military, bureaucratic and financial activities as the creation of new wealth, when in fact they should be classified as forms of social consumption that, like personal consumption, actually use up social wealth in the performance of their functions.

Social Structures of Accumulation

Author : David M. Kotz,Terrence McDonough,Michael Reich
Publisher : Cambridge University Press
Page : 340 pages
File Size : 53,5 Mb
Release : 1994-08-26
Category : Business & Economics
ISBN : 0521459044

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Social Structures of Accumulation by David M. Kotz,Terrence McDonough,Michael Reich Pdf

The 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.

Classical Political Economics and Modern Capitalism

Author : Lefteris Tsoulfidis,Persefoni Tsaliki
Publisher : Springer Nature
Page : 465 pages
File Size : 42,9 Mb
Release : 2019-09-05
Category : Political Science
ISBN : 9783030179670

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Classical Political Economics and Modern Capitalism by Lefteris Tsoulfidis,Persefoni Tsaliki Pdf

This book promotes an in-depth understanding of the key mechanisms that govern the functioning of capitalist economies, pursuing a Classical Political Economics approach to do so. It explores central theoretical issues addressed by the classical economists Smith and Ricardo, as well as Marx, while also operationalizing more recent theoretical developments inspired by the works of Sraffa and other modern classical economists, using actual data from major economies. On the basis of this approach, the book subsequently provides alternative explanations for various microeconomic issues such as the determination of equilibrium prices and their movement induced by changes in income distribution; the dynamics of competition of firms within and between industries; the law of tendential equalization of interindustry profit rates; and international exchanges and transfers of value; as well as macroeconomic issues concerning capital accumulation and cyclical economic growth. Given its scope, the book will benefit all researchers, students, and policymakers seeking new explanations for observed phenomena and interested in the mechanisms that give rise to surface economic categories, such as prices, profits, the unemployment rate, interest rates, and long economic cycles.

Invisible Leviathan

Author : Murray E. G. Smith
Publisher : Unknown
Page : 0 pages
File Size : 53,8 Mb
Release : 2018
Category : Labor theory of value
ISBN : 9004312196

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Invisible Leviathan by Murray E. G. Smith Pdf

In Invisible Leviathan, Murray E.G. Smith refutes the main criticisms of Marx's theory of labour value and argues that human civilization is imperilled by the capitalist imperative to measure wealth in terms of 'abstract social labour' and money profit.

Twilight Capitalism

Author : Murray E.G. Smith,Jonah Butovsky,Josh J. Watterton
Publisher : Fernwood Publishing
Page : 305 pages
File Size : 52,5 Mb
Release : 2021-04-01T00:00:00Z
Category : Political Science
ISBN : 9781773634586

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Twilight Capitalism by Murray E.G. Smith,Jonah Butovsky,Josh J. Watterton Pdf

Twenty-first-century capitalism has little more to offer than a menu of despair: pandemics, deepening inequality, worsening depression, runaway climate change, intensifying authoritarianism and escalating militarism. Twilight Capitalism offers a wide-ranging analysis of the origins, implications and scope of the “combined” social crisis of 2020 and beyond. A compelling case is made that Karl Marx’s critical analysis of capitalism, along with his program of class-struggle socialism, is essential to understanding and addressing the most important social, economic and ecological problems of our time.

The Rise and Fall of American Growth

Author : Robert J. Gordon
Publisher : Princeton University Press
Page : 785 pages
File Size : 48,7 Mb
Release : 2017-08-29
Category : Business & Economics
ISBN : 9781400888955

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The Rise and Fall of American Growth by Robert J. Gordon Pdf

How America's high standard of living came to be and why future growth is under threat In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, motor vehicles, air travel, and television transformed households and workplaces. But has that era of unprecedented growth come to an end? Weaving together a vivid narrative, historical anecdotes, and economic analysis, The Rise and Fall of American Growth challenges the view that economic growth will continue unabated, and demonstrates that the life-altering scale of innovations between 1870 and 1970 cannot be repeated. Gordon contends that the nation's productivity growth will be further held back by the headwinds of rising inequality, stagnating education, an aging population, and the rising debt of college students and the federal government, and that we must find new solutions. A critical voice in the most pressing debates of our time, The Rise and Fall of American Growth is at once a tribute to a century of radical change and a harbinger of tougher times to come.

Encyclopedia of Political Economy: A-K

Author : Phillip Anthony O'Hara
Publisher : Psychology Press
Page : 676 pages
File Size : 43,7 Mb
Release : 1999
Category : Business & Economics
ISBN : 0415187176

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Encyclopedia of Political Economy: A-K by Phillip Anthony O'Hara Pdf

This groundbreaking Encyclopedia is the very first fully-refereed A-Z compendium of the main principles, concepts, problems, institutions, schools and policies associated with political economy. Based on developments in political economy since the 1960s, it is designed to provide a comprehensive introduction to the field as well as being an authoritative reference work. Undergraduates taking courses in political economy or graduate students coming to the field for the first time will rely on this work as a key point of reference and for direction in their further reading. This lucid work compares for the first time the disparate theories of political economy (e.g, Marxist, Feminist, Sraffian etc.) and emphasizes the application of their principles to real world problems such as inflation, unemployment, development and financial instability. The extensive international team of consultants and contributors has produced a monumental work with truly global perspective.

Brookings Papers on Economic Activity 2005

Author : William C. Brainard,George L. Perry
Publisher : Brookings Institution Press
Page : 368 pages
File Size : 48,9 Mb
Release : 2005-06-01
Category : Business & Economics
ISBN : 0815705891

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Brookings Papers on Economic Activity 2005 by William C. Brainard,George L. Perry Pdf

Topics include inflation dynamics and the distribution of income, underdiversification in 401(k) plans, gauging employment, and central bank transparency and the signal value of prices.