Profit, Accumulation, and Crisis in Capitalism
Long-term Trends in the UK, US, Japan, and China, 1855-2018
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 economi…
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Produktdetails
- ISBN: 978-0-429-60829-2
- EAN: 9780429608292
- Produktnummer: 33498560
- Verlag: Taylor & Francis Ltd.
- Sprache: Englisch
- Erscheinungsjahr: 2020
- Seitenangabe: 168 S.
- Plattform: PDF
- Masse: 1'396 KB
- Auflage: 1. Auflage
- Abbildungen: 53 schwarz-weiße Abbildungen, 53 schwarz-weiße Zeichnungen, 12 schwarz-weiße Tabellen
Über den Autor
Minqi Li is Professor of Economics at The University of Utah. He is the author of The Rise of China and the Demise of the Capitalist World Economy; Peak Oil, Climate Change and the Limits to China's Economic Growth; and China and the 21st Century Crisis.
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