Download EBOOK The Failure of Capitalist Production: Underlying Causes of the Great Recession PDF for free


Download EBOOK The Failure of Capitalist Production: Underlying Causes of the Great Recession PDF for free Category: Business, Finance & Law
The author of the book: Andrew Kliman
Format files: PDF, EPUB, TXT, DOCX
The size of the: 11.70 MB
Language: English
ISBN-13: 9780745332390
Edition: PLUTO PRESS
Date of issue: 15 November 2011

Description of the book "The Failure of Capitalist Production: Underlying Causes of the Great Recession":

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 PDF failed to reverse the decline. The fall in profitability led to sluggish investment and economic growth, mounting debt problems, desperate attempts of governments to fight these problems by piling up even more debt - and ultimately to the Great Recession. Kliman's conclusion is simple but shocking: short of socialist transformation, the only way to escape the 'new normal' of a stagnant, crisis-prone economy is to restore profitability through full-scale destruction of existing wealth, something not seen since the Depression of the 1930s.

Download EBOOK The Failure of Capitalist Production: Underlying Causes of the Great Recession PDF for free


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Andrew Kliman

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Download EBOOK The Failure of Capitalist Production: Underlying Causes of the Great Recession PDF for free



Download EBOOK The Failure of Capitalist Production: Underlying Causes of the Great Recession for free

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