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Cover: 9781032337074 | Profit, Accumulation, and Crisis in Capitalism | Minqi Li | Buch
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Profit, Accumulation, and Crisis in Capitalism
Long-term Trends in the UK, US, Japan, and China, 1855-2018
Taschenbuch von Minqi Li
Sprache: Englisch

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Beschreibung
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.
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.
Über den Autor

Minqi Li is Professor of Economics at The University of Utah. He is the author of The Rise of China and the Demise of the Capitalist World Economy; Peak Oil, Climate Change and the Limits to China's Economic Growth; and China and the 21st Century Crisis.

Inhaltsverzeichnis

1. Capitalism and the Profit Rate 2. Profit, Accumulation and Crisis in British Capitalism, 1855-2018 3. Profit, Accumulation and Crisis in American Capitalism, 1900-2018 4. Profit, Accumulation and Crisis in Japanese Capitalism, 1955-2017 5. Profit, Accumulation and (the Coming) Crisis in Chinese Capitalism, 1980-2018 6. China and the Global Labor Arbitrage 7. The Past and the Future of the Profit Rate, 1855-2050

Details
Erscheinungsjahr: 2022
Fachbereich: Volkswirtschaft
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
ISBN-13: 9781032337074
ISBN-10: 1032337079
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Li, Minqi
Hersteller: Routledge
Verantwortliche Person für die EU: Produktsicherheitsverantwortliche/r, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de
Maße: 216 x 140 x 9 mm
Von/Mit: Minqi Li
Erscheinungsdatum: 13.06.2022
Gewicht: 0,223 kg
Artikel-ID: 126742078
Über den Autor

Minqi Li is Professor of Economics at The University of Utah. He is the author of The Rise of China and the Demise of the Capitalist World Economy; Peak Oil, Climate Change and the Limits to China's Economic Growth; and China and the 21st Century Crisis.

Inhaltsverzeichnis

1. Capitalism and the Profit Rate 2. Profit, Accumulation and Crisis in British Capitalism, 1855-2018 3. Profit, Accumulation and Crisis in American Capitalism, 1900-2018 4. Profit, Accumulation and Crisis in Japanese Capitalism, 1955-2017 5. Profit, Accumulation and (the Coming) Crisis in Chinese Capitalism, 1980-2018 6. China and the Global Labor Arbitrage 7. The Past and the Future of the Profit Rate, 1855-2050

Details
Erscheinungsjahr: 2022
Fachbereich: Volkswirtschaft
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
ISBN-13: 9781032337074
ISBN-10: 1032337079
Sprache: Englisch
Einband: Kartoniert / Broschiert
Autor: Li, Minqi
Hersteller: Routledge
Verantwortliche Person für die EU: Produktsicherheitsverantwortliche/r, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de
Maße: 216 x 140 x 9 mm
Von/Mit: Minqi Li
Erscheinungsdatum: 13.06.2022
Gewicht: 0,223 kg
Artikel-ID: 126742078
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