The end of prosperity : the American economy in the 1970s

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Bibliographic Information

The end of prosperity : the American economy in the 1970s

by Harry Magdoff and Paul M. Sweezy

Monthly Review Press, c1977

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Note

Ten essays from Monthly review magazine from May 1973 to April 1977

Includes bibliographical references

Contents of Works

  • The dollar crisis, what next?
  • A note on inflation
  • Keynesian chickens come home to roost
  • Banks, skating on thin ice
  • The economic crisis in historical perspective, part I
  • The economic crisis in historical perspective, part II
  • Capitalism and unemployment
  • Capital shortage, fact and fancy
  • Creeping stagnation
  • Keynesianism, illusions and delusions

Description and Table of Contents

Description

This is the second in the series of four collections of essays in which Paul M. Sweezy and Harry Magdoff, the editors of Monthly Review, set out as it took place the development of U.S. and global capitalism from the late 1960s to the "financial explosion" age of the early 1990s and after. This second set of essays constitute in their totality a probing analysis of the condition of the United States economy in the 1970s, immediately after the end of the "golden age" of capitalism. The authors concluded, correctly, that a new period had begun-"one of sluggish capitalist accumulation and unemployment in the advanced capitalist countries on a scale not seen since the 1930s."

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