Profit, accumulation and crisis in capitalism : long-term trends in UK, US, Japan and China, 1855-2018

Resource Information

The work Profit, accumulation and crisis in capitalism : long-term trends in UK, US, Japan and China, 1855-2018 represents a distinct intellectual or artistic creation found in European University Institute. This resource is a combination of several types including: Work, Language Material, Books.

Label

Profit, accumulation and crisis in capitalism : long-term trends in UK, US, Japan and China, 1855-2018

Title remainder

long-term trends in UK, US, Japan and China, 1855-2018

Statement of responsibility

Minqi Li

Creator

• Li, Minqi,

Subject

• Capitalism -- China -- History
• Capitalism -- Great Britain -- History
• Capitalism -- Japan -- History
• Capitalism
• Gross national product
• Profit
• Capitalism -- United States -- History

Language

eng

Summary

"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 20th 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 21st century"--

Assigning source

Provided by publisher

Dewey number

335.4

Index

index present

Literary form

non fiction

Nature of contents

• dictionaries
• bibliography

Series statement

• Routledge frontiers of political economy
• T&F EBS eBooks