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Declining Profitability and the Evolution of the US Economy

Declining Profitability and the Evolution of the US Economy

Ascension Mejorado / Manuel Roman

267,74 €
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Editorial:
Taylor & Francis Ltd
Año de edición:
2023
Materia
Macroeconomía
ISBN:
9781032538150

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The 1970s were a pivotal decade for the US economy. This book argues that the persistent fall in profitability, leading to the stagflation crisis, was a direct result of the transition from the Fordist phase of capital accumulation, based on large-scale manufacturing, to the neoliberal phase and the rising power of finance.

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