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The Failure of Capitalist Production: Underlying Causes of the Great Recession
Andrew Kliman
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Description for The Failure of Capitalist Production: Underlying Causes of the Great Recession
Paperback. Distinctive and detailed account of the current economic crisis, identifying it as a crisis of capitalism caused by long-term falling profit rates. Num Pages: 256 pages, 59 graphs and 14 tables. BIC Classification: KCP; KCS; KCX. Category: (P) Professional & Vocational. Dimension: 137 x 215 x 15. Weight in Grams: 314.
The recent financial crisis and Great Recession have been analysed endlessly in the mainstream and academia, but this is the first book to conclude, on the basis of in-depth analyses of official US data, that Marx's crisis theory can explain these events.
Marx believed that the rate of profit has a tendency to fall, leading to economic crises and recessions. Many economists, Marxists among them, have dismissed this theory out of hand, but Andrew Kliman's careful data analysis shows that the rate of profit did indeed decline after the post-World War II boom and that free-market policies ... Read more
The recent financial crisis and Great Recession have been analysed endlessly in the mainstream and academia, but this is the first book to conclude, on the basis of in-depth analyses of official US data, that Marx's crisis theory can explain these events.
Marx believed that the rate of profit has a tendency to fall, leading to economic crises and recessions. Many economists, Marxists among them, have dismissed this theory out of hand, but Andrew Kliman's careful data analysis shows that the rate of profit did indeed decline after the post-World War II boom and that free-market policies ... Read more
Product Details
Publisher
Pluto Press United Kingdom
Number of pages
256
Format
Paperback
Publication date
2011
Condition
New
Weight
314g
Number of Pages
256
Place of Publication
London, United Kingdom
ISBN
9780745332390
SKU
V9780745332390
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-50
About Andrew Kliman
Andrew Kliman is Professor of Economics at Pace University, New York. He is the author of Reclaiming Marx's 'Capital' (Lexington, 2006 ) and The Failure of Capitalist Production (Pluto, 2011).
Reviews for The Failure of Capitalist Production: Underlying Causes of the Great Recession
'Essential reading for all Marxists and lefts interested in what caused the Great Recession. It debunks the fads and fashionable arguments of neoliberalism, underconsumption and inequality with a battery of facts. It restores Marx's law of profitability to the centre of any explanation of capitalist crisis with compelling evidence and searching analysis. It must be read'
Michael Roberts 'One ... Read more
Michael Roberts 'One ... Read more