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Profit Accumulation And Crisis In Capitalism
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Book Synopsis Profit, Accumulation, and Crisis in Capitalism by : Minqi Li
Download or read book Profit, Accumulation, and Crisis in Capitalism written by Minqi Li and published by Routledge. This book was released on 2022-06 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: By studying Marx's theory predicted long-term movement of the profit rate and its impact on capital accumulation, this book may provide insight into whether the Chinese economy is heading into a crisis as China's profit rate approaches levels that historically were associated with major crises in other capitalist economies.
Book Synopsis Profit, Accumulation, and Crisis in Capitalism by : Minqi Li
Download or read book Profit, Accumulation, and Crisis in Capitalism written by Minqi Li and published by Routledge. This book was released on 2020-01-31 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: Karl Marx hypothesized that there is a long-term tendency for the profit rate to fall in capitalist economies. Immanuel Wallerstein hypothesized that capitalist development tends to drive up labor cost, material cost, and taxation cost. This book evaluates Marx’s and Wallerstein’s hypotheses by studying the long-term movement of the profit rate and contributing factors in major capitalist economies. During the twentieth century, leading capitalist economies largely succeeded in stabilizing the profit rate. However, the current decline of the profit rate in China may precipitate the global capitalist economy into a new major crisis. As economic growth slows down in all major capitalist economies, Marx’s original hypothesis may be verified by the global economic events in the twenty-first century.
Book Synopsis Profit, Accumulation, and Crisis in Capitalism by : Minqi Li
Download or read book Profit, Accumulation, and Crisis in Capitalism written by Minqi Li and published by Routledge. This book was released on 2020 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Karl Marx hypothesized that there is a long-term tendency for the profit rate to fall in capitalist economies. Immanuel Wallerstein hypothesized that capitalist development tends to drive up labor cost, material cost, and taxation cost. This book evaluates Marx's and Wallerstein's hypotheses by studying the long-term movement of the profit rate and contributing factors in major capitalist economies. During the 20th century, leading capitalist economies largely succeeded in stabilizing the profit rate. However, the current decline of the profit rate in China may precipitate the global capitalist economy into a new major crisis. As economic growth slows down in all major capitalist economies, Marx's original hypothesis may be verified by the global economic events in the 21st century"--
Book Synopsis Money, Accumulation and Crisis by : D. Foley
Download or read book Money, Accumulation and Crisis written by D. Foley and published by Taylor & Francis. This book was released on 2013-07-04 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: Duncan Foley provides an alternative to Keynesian and 'new classical' macroeconomics, based on the Marxian theory of capital.
Download or read book Theory of Crisis written by Uno Kōzō and published by BRILL. This book was released on 2021-11-22 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on Marx’s Capital, Uno Kōzō’s Theory of Crisis provides a rigorous exposition of the necessity of crisis of the capitalist mode of production from the perspectives of “excess capital alongside surplus populations”.
Book Synopsis The unity of the capitalist economy and state by : Geert Reuten
Download or read book The unity of the capitalist economy and state written by Geert Reuten and published by BRILL. This book was released on 2018-12-24 with total page 737 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis U.S. Capitalism in Crisis by : Union for Radical Political Economics. Crisis Reader Editorial Collective
Download or read book U.S. Capitalism in Crisis written by Union for Radical Political Economics. Crisis Reader Editorial Collective and published by Monthly Review Press. This book was released on 1978 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Crises of Global Economy and the Future of Capitalism by : Kiichiro Yagi
Download or read book Crises of Global Economy and the Future of Capitalism written by Kiichiro Yagi and published by Routledge. This book was released on 2013-01-04 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent events in the global financial markets and macro economies have served as a strong reminder for a need of a coherent theory of capitalist crisis and analysis. This book helps to fill the gap with well-grounded alternative articulations of the forces which move today's economic dynamics, how they interact and how ideas of foundational figures in economic theory can be used to make sense of the current predicament. The book presents a comprehensive collection of reflections on the origins, dynamics and implications of the interlinked crises of the U.S. and global economies. The book is a thoughtful collaboration between Japanese heterodox economists of the Japan Society of Political Economy (JSPE) and non-Japanese scholars. It provides a unique immersion in different, sophisticated approaches to political economy and to the crisis. The book illustrates with the understanding of Marx's crisis theory and how it can serve as a powerful framework for analyzing the contemporary sub-prime world crisis. The book explains the subprime loan crisis as a crisis in a specific phase of the capitalist world system and concludes that it is a structural one which destroys the existing capital accumulation regime. It pays attention to structural changes and to how these changes beget profound and controversial consequences. The result is a must-read - one which truly contributes to the resurgence of radical analyses of the political economy, free from the market optimism of the main-stream economics.
Book Synopsis World in Crisis by : Guiglelmo Carchedi
Download or read book World in Crisis written by Guiglelmo Carchedi and published by Haymarket Books. This book was released on 2018-10-01 with total page 507 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most mainstream economists view capitalism’s periodic breakdowns are nothing more than temporary aberrations from another wise unbroken path toward prosperity. For Marxists, this fundamental flaw has long been acknowledged as a central feature of the free market system. This groundbreaking volume brings together Marxist scholars from around the world to offer an empirically grounded defense of Marx’s law of profitability and its central role in explaining these capitalist crises. Gugliemo Carchedi has worked at the United Nations in New York and has taught at the University of Amsterdam. Michael Roberts has worked as an economist for over thirty years in the city of London financial center.
Book Synopsis The Nature of Capitalist Crisis by : John Strachey
Download or read book The Nature of Capitalist Crisis written by John Strachey and published by London : V. Gollancz. This book was released on 1935 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The argument of this book compares and contrasts the principal existing explanations of the occurrence of economic crisis; submits reasons fro rejecting all except one of these explanations [the Marxian]"--Pref. pt. 1. Capitalist theories of crisis.- pt. 2. From political economy to economics.- pt. 3. The labour theory of value.- pt. 4. Marx's theory of capitalist crisis.- pt. 5. The theory applied.
Book Synopsis Profit and Crises by : Arghiri Emmanuel
Download or read book Profit and Crises written by Arghiri Emmanuel and published by Heinemann Educational Publishers. This book was released on 1984 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Accumulation of Capital by : Rosa Luxemburg
Download or read book The Accumulation of Capital written by Rosa Luxemburg and published by Good Press. This book was released on 2021-04-26 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The Accumulation of Capital' is a book on Marxist economics written by Rosa Luxemburg. In the polemic, she argued that capitalism needs to constantly expand into non-capitalist areas in order to access new supply sources, markets for surplus-value, and reservoirs of labor. According to Luxemburg, Marx had made an error in Capital in that the proletariat could not afford to buy the commodities they produced, and therefore by his own criteria it was impossible for capitalists to make a profit in a closed-capitalist system since the demand for commodities would be too low, and therefore much of the value of commodities could not be transformed into money. Therefore, according to Luxemburg, capitalists sought to realize profits through offloading surplus commodities onto non-capitalist economies, hence the phenomenon of imperialism as capitalist states sought to dominate weaker economies. This however led to the destruction of non-capitalist economies as they were increasingly absorbed into the capitalist system. With the destruction of non-capitalist economies however, there would be no more markets to offload surplus commodities onto, and capitalism would break down.
Book Synopsis Economic Crisis and Crisis Theory by : Paul Mattick Jr.
Download or read book Economic Crisis and Crisis Theory written by Paul Mattick Jr. and published by Routledge. This book was released on 2020-09-23 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keynesian economics claimed to have overcome the problem of economic depressions. However, as Mattick argues that crises are inherent within capitalism and that neither the market nor Keynesianism can stop "the steady deterioration of the economy". Written in 1974, Economic Crisis and Crisis Theory is one of Mattick's most valuable contributions to the Marxist critique of political economy and radical theory in general.
Book Synopsis Social Structures of Accumulation by : David Michael Kotz
Download or read book Social Structures of Accumulation written by David Michael Kotz and published by Cambridge University Press. This book was released on 1994-08-26 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Greek Capitalism in Crisis by : Stavros Mavroudeas
Download or read book Greek Capitalism in Crisis written by Stavros Mavroudeas and published by Routledge. This book was released on 2014-07-25 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the depth of the Greek crisis, the exorbitant burdens placed upon the working people and the massive popular resistance movement to capitalist policies, there is a definite lack of consistently Marxist analyses of the Greek problem. International debates regarding the Greek crisis have been dominated by orthodox (Neoclassical and neo-Keynesian) approaches. The heterodox side of these debates has been occupied by Radical Political Economy approaches (usually radical post-Keynesian or Marxo-Keynesian perspectives). Moreover, they are dominated by the ‘financialisation’ thesis which is quite alien to Marxism, neglects the sphere of production and professes that the global crisis is simply a financial crisis that has nothing to do with ‘real’ accumulation and the profit rate. This book argues that by emphasising the sphere of production and profitability, classical Marxist analysis better explains the Greek crisis than its orthodox and heterodox competitors. The contributors present critiques of the prevalent approaches and offer studies of the Greek crisis that use the methodology and the analytical and empirical tools of classical Marxist Political Economy. In particular, it is shown that the Greek crisis was caused by falling profitability and the ensuing overaccumulation crisis. The ‘broad unequal exchange’ existing between the euro-center and the euro-periphery contributed to Greek capital’s falling profitability. This book enriches the debate about the Greek economic crisis by demonstrating the insights that can be drawn by considering the Marxist alternative to the dominant mainstream and heterodox approaches.
Book Synopsis The Theory of Accumulation by : Nobuo Okishio
Download or read book The Theory of Accumulation written by Nobuo Okishio and published by Springer Nature. This book was released on 2022-01-18 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book treats the mechanisms of growth and cycles in capitalist economies in a unified manner, incorporating a highly original macro-dynamic theory based on Marxian micro-foundations and historical perspectives. That theory was developed about 50 years ago by Nobuo Okishio (1927–2003) and included the ideas of Keynes and Harrod. In mainstream economics, it used to be standard to analyse long-term economic growth and business cycles in different frameworks. That approach has been changing recently, but it still tends to be common to discuss them separately. At the outbreak of the global financial crisis of 2007–2008 and the prolonged stagnation that followed, there was strong criticism among policymakers and businesspeople that mainstream macroeconomics failed to provide convincing explanations and effective policy recommendations. This book offers an alternative perspective that responds to those criticisms. All these macroeconomic difficulties call for new wisdom beyond the limited neoclassical framework. The sharp, wise thoughts of Okishio will add new tools for young researchers worldwide to meet the challenges of the current resource misallocation, the Great Recession and the Lost Decades problems. Okishio proposes a historical perspective for the capitalist system, first. He argues that production relations are conditioned by productive force. The former should evolve as the latter improves, and the latter should evolve in order for human society to survive. While reproduction is indispensable for the economy to continue in any production relations, it takes a specific form in capitalist economy. He next shows that the existence of profit requires the exploitation of the labourer. This is called the Fundamental Marxian Theorem. He also shows a trade-off relationship between the real wage rate and the profit rate. In his theory, the real wage rate is determined to clear commodity markets in the short run as in the Keynesian theory, while Marx believed that the real wage rate is given at subsistence level or is influenced by the labour market. Okishio attributes the origin of the business cycle to labourers’ under-consumption and private capitalists’ dispersive decision of accumulation. The former is caused by exploitation, and the latter is based on the capitalist class’s private ownership of the means of production. Both are derived from the nature of the capitalist economy. He argues lastly that, in the long term, the development of productive force through the business cycle will transform the production relation into a new economic system.
Book Synopsis The Economic Crisis and American Society by : Manuel Castells
Download or read book The Economic Crisis and American Society written by Manuel Castells and published by Princeton University Press. This book was released on 2014-07-14 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking a hard look at the crisis afflicting Western economies in recent years, Manuel Castells suggests that the very structures that fostered economic growth since 1945 are the same structures that are now undermining these economics. Pinpointing the new forms of the capitalist mode of production and the contradictory nature of its class relations as the root of the problem, he offers a comprehensive critique of American society and its economy. Originally published in 1980. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
