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The Falling Rate of Profit and the Great Recession of 2007-2009

- A New Approach to Applying Marx's Value Theory and Its Implications for Socialist Strategy
Af: Peter H. Jones Engelsk Paperback

The Falling Rate of Profit and the Great Recession of 2007-2009

- A New Approach to Applying Marx's Value Theory and Its Implications for Socialist Strategy
Af: Peter H. Jones Engelsk Paperback
Tjek vores konkurrenters priser

In this ground breaking contribution to Marxist economic theory, Peter H. Jones provides a comprehensive analysis of profit rates in the lead up to the Great Recession. 


The Falling Rate of Profit and the Great Recession of 2007-2009 develops a new interpretation of Marx’s labour theory of value rooted in non-equilibrium, and applies this theory to US national accounting data. In so doing Jones shows that, when measured correctly, the profit rate falls in the lead up to the Great Recession due to the rising organic composition of capital—the primary reason for crises in Marx’s own account.  


From there Jones also details a new theory of finance, showing how cycles in the profit rate relate to stock market booms and slumps, and movements in the interest rate. He then discusses the implications of this analysis, and Marx and Engels’ work generally, for a democratic socialist strategy. 

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In this ground breaking contribution to Marxist economic theory, Peter H. Jones provides a comprehensive analysis of profit rates in the lead up to the Great Recession. 


The Falling Rate of Profit and the Great Recession of 2007-2009 develops a new interpretation of Marx’s labour theory of value rooted in non-equilibrium, and applies this theory to US national accounting data. In so doing Jones shows that, when measured correctly, the profit rate falls in the lead up to the Great Recession due to the rising organic composition of capital—the primary reason for crises in Marx’s own account.  


From there Jones also details a new theory of finance, showing how cycles in the profit rate relate to stock market booms and slumps, and movements in the interest rate. He then discusses the implications of this analysis, and Marx and Engels’ work generally, for a democratic socialist strategy. 

Produktdetaljer
Sprog: Engelsk
Sider: 226
ISBN-13: 9781642593327
Indbinding: Paperback
Udgave:
ISBN-10: 164259332X
Udg. Dato: 29 nov 2022
Længde: 0mm
Bredde: 152mm
Højde: 228mm
Forlag: Haymarket Books
Oplagsdato: 29 nov 2022
Forfatter(e): Peter H. Jones
Forfatter(e) Peter H. Jones


Kategori Voldgift og forhandlinger


ISBN-13 9781642593327


Sprog Engelsk


Indbinding Paperback


Sider 226


Udgave


Længde 0mm


Bredde 152mm


Højde 228mm


Udg. Dato 29 nov 2022


Oplagsdato 29 nov 2022


Forlag Haymarket Books