Ascension Mejorado, Manuel Roman

Profitability and the Great Recession (eBook, PDF)

The Role of Accumulation Trends in the Financial Crisis

• Format: PDF

Produktbeschreibung

This book presents an analysis of systemic trends in profitability and capital accumulation in the US and other major OECD countries leading up to the Great Recession of 2008. The authors conclude that the long-term falling accumulation trend in the non-financial corporate sector, highlighted by the bankruptcy of major automobile corporations, stands out as the underlying force that transformed the financial crisis into a fully-fledged Great Recession.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 344
• Erscheinungstermin: 23. Oktober 2013
• Englisch
• ISBN-13: 9781134638499
• Artikelnr.: 39935696

Autorenporträt

Ascension Mejorado is Master Teacher of Economics at New York University, USA.



Manuel Roman taught economics at New Jersey City University, USA for over 25 years, and is now retired.

Inhaltsangabe

1. Introduction 2. Kaldor's 'Stylized Facts': Real or merely convenient 3.
Innovations as Competitive Weapons 4. Mechanization and Price/Quality
Competition 5. Capital Intensity and Profitability: Dissenting views 6.
Heterodox Models of Technical Change and Profitability 7. Capital-Output
Ratios in Retrospect 8. Profitability Trends After the 'Golden Age' 9.
Profit-Driven Capital Accumulation Rate in OECD Countries 10. Nonfinancial
Versus Financial Profitability Trends and Capacity Utilization 11. Mill and
Minsky on Roads to Speculation and Crisis 12. Unemployment Trends Beyond
the Great Recession 13. Sources and Methods