Profit, accumulation, and crisis in capitalism : long-term trends in the UK, US, Japan, and China, 1855-2018
Author(s)
Bibliographic Information
Profit, accumulation, and crisis in capitalism : long-term trends in the UK, US, Japan, and China, 1855-2018
(Routledge frontiers of political economy)(Routledge focus)
Routledge, 2020
- : hbk
Available at 6 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references (p. [145]-151) and index
Description and Table of Contents
Description
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.
Table of Contents
1. Capitalism and the Profit Rate 2. Profit, Accumulation and Crisis in British Capitalism, 1855-2018 3. Profit, Accumulation and Crisis in American Capitalism, 1900-2018 4. Profit, Accumulation and Crisis in Japanese Capitalism, 1955-2017 5. Profit, Accumulation and (the Coming) Crisis in Chinese Capitalism, 1980-2018 6. China and the Global Labor Arbitrage 7. The Past and the Future of the Profit Rate, 1855-2050
by "Nielsen BookData"