The Failure of Capitalist Production: Underlying Causes of the Great Recession download free [PDF and Ebook] by Andrew Kliman

The Failure of Capitalist Production: Underlying Causes of the Great Recession download free [PDF and Ebook] by Andrew Kliman year 2011
  • Book name: The Failure of Capitalist Production: Underlying Causes of the Great Recession
  • Author: Andrew Kliman
  • Release date: 2011/1/4
  • Publisher: PLUTO PRESS
  • Language: English
  • Genre or Collection: Business, Finance and Law
  • ISBN: 9780745332390
  • Rating: 7.54 of 10
  • Votes: 357
  • Review by: Aubriella Francisco
  • Review rating: 9.44 of 10
  • Review Date: 2018/11/13
  • Total pages: 256
  • Includes a PDF summary of 21 pages
  • Description or summary of the book: 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 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.
  • Estimated reading time (average reader): 15H47M12S
  • Other categories, genre or collection: Political Economy, Political Science & Theory, Financial Crises & Disasters, Economic Theory & Philosophy, Economic Systems & Structures, Marxism & Communism
  • Available formats: TXT, CSV, PDF, PPTX, DOC, EPUB, WORD, MobiPocket. Compressed in RAR, CPIO, BZ, IMG, ZIP
  • Download servers: BitShare, FileCupid, Mediafire, Uploaded, 4Shared, Torrent, MEGA, pCloud, Turbobit.net
  • Format: Paperback
  • Approximate value: 29.66 USD
  • Dimensions: 135x215x17.78mm
  • Weight: 317.51g
  • Printed by: Not Available
  • Published in: London, United Kingdom
Vote:

More books of 2011

More books of the genre or collection Business, Finance and Law