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Profit, Accumulation, and Crisis in Capitalism - Long-term Trends in the UK, US, Japan, and China, 1855-2018 (Paperback) Loot Price: R759

Discovery Miles 7 590

Repayment Terms: R71 pm x 12*

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Profit, Accumulation, and Crisis in Capitalism - Long-term Trends in the UK, US, Japan, and China, 1855-2018 (Paperback): Minqi...

Profit, Accumulation, and Crisis in Capitalism - Long-term Trends in the UK, US, Japan, and China, 1855-2018 (Paperback)

Minqi Li

Series: Routledge Frontiers of Political Economy

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Loot Price R759 Discovery Miles 7 590 | Repayment Terms: R71 pm x 12*

Expected to ship within 12 - 19 working days

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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.

General

Imprint:	Taylor & Francis
Country of origin:	United Kingdom
Series:	Routledge Frontiers of Political Economy
Release date:	June 2022
First published:	2020
Authors:	Minqi Li
Dimensions:	216 x 138mm (L x W)
Format:	Paperback
Pages:	168
ISBN-13:	978-1-03-233707-4
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Economics > Political economy Books > Business & Economics > Economics > Macroeconomics > General Promotions
LSN:	1-03-233707-9
Barcode:	9781032337074