Declining Profitability and the Evolution of the US Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Declining Profitability and the Evolution of the US Economy write by Ascension Mejorado. This book was released on 2023-09-01. Declining Profitability and the Evolution of the US Economy available in PDF, EPUB and Kindle. The 1970s were a pivotal decade for the US economy: deindustrialization broke the power of the labor unions and made possible the redistribution of income in favor of corporate profits; globalization and offshore investments opened alternatives to domestic nonfinancial capital accumulation; domestic productivity growth declined; and labor-saving technology empowered superstar corporations to rapidly gain market share. This book argues that the persistent fall in profitability, leading to the stagflation crisis, was a direct result of the transition from the Fordist phase of capital accumulation, based on large-scale manufacturing, to the neoliberal phase and the rising power of finance. Neoliberalism restored the power of rentiers but not the profit rates of nonfinancial corporations. Falling accumulation rates weakened the growth capacity of nonfinancial corporate firms and secular stagnation became the norm. Neo-Keynesian economists, Larry Summers and Paul Krugman, explained the persistence of secular stagnation with arguments borrowed from Alvin Hansen in the 1930s, such as the declining birth rate or the falling relative prices of investment goods, hence a shortfall of demand. In the Classical paradigm, profitability drives capital accumulation and falling profitability slows down growth. As the accumulation rate declined and the capacity growth diminished, breakdowns in supply links, due to the COVID-19 pandemic, prevented large infusions of purchasing power to find matching levels of supply, hence the stagflation crisis returned. The book will be a great asset to researchers and scholars interested in the development of Classical Political Economy concerning issues related to inflation, stagnation, growing inequality, and the next phase of neoliberalism.
Nuclear Proliferation
Nuclear Proliferation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Nuclear Proliferation write by United States. Congress. House. Committee on International Relations. Subcommittee on International Security and Scientific Affairs. This book was released on 1975. Nuclear Proliferation available in PDF, EPUB and Kindle.
Handbook on Growth and Sustainability
Handbook on Growth and Sustainability - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Handbook on Growth and Sustainability write by Peter A. Victor. This book was released on 2017-06-30. Handbook on Growth and Sustainability available in PDF, EPUB and Kindle. This Handbook assembles original contributions from influential authors such as Herman Daly, Paul Ekins, Marina Fischer-Kowalski, Jeroen van den Bergh, William E. Rees and Tim Jackson who have helped to define our understanding of growth and sustainability. The Handbook also presents new contributions on topics such as degrowth, the debt-based financial system, cultural change, energy return on investment, shorter working hours and employment, and innovation and technology. Explorations of these issues can deepen our understanding of whether growth is sustainable and, in turn, whether a move away from growth can be sustained. With issues such as climate change looming large, our understanding of growth and sustainability is critical. This Handbook offers a broad range of perspectives that can help the reader to decide: Growth? Sustainability? Both? Or neither?
Political Economy of Labour, Income Distribution & Exclusion
Political Economy of Labour, Income Distribution & Exclusion - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Political Economy of Labour, Income Distribution & Exclusion write by Christos Papatheodorou. This book was released on 2018-12-15. Political Economy of Labour, Income Distribution & Exclusion available in PDF, EPUB and Kindle. This volume includes 11 chapters based on papers presented at the 9th International Conference of Political Economy (ICOPEC 2018) that was co-organised by the Greek Association for Political Economy, the Department of Social Policy of Panteion University, and the Faculty of Economics of Marmara University. Chapters adopt a political economy approach to discuss and analyse crucial issues linked to social and economic inequalities, poverty and deprivation as well as to labour market changes. These are issues which are greatly affected by the recent economic crisis and by the neoliberal policies for fiscal discipline, reduce of public spending and labour market deregulation that were implemented to most countries, and particularly to those where the consequences of the crisis were more severe.
Report
Report - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Report write by . This book was released on 1972. Report available in PDF, EPUB and Kindle.
