Description: Falling Rate of Profit and the Great Recession of 2 : A New Approach to Applying Marx’s Value Theory and Its Implications for Socialist Strategy, Hardcover by Jones, Peter, ISBN 9004325336, ISBN-13 9789004325333, Brand New, Free shipping in the US "In The Falling Rate of Profit and the Great Recession of 2, Peter Jones develops a new non-equilibrium interpretation of the labour theory of value Karl Marx builds in Capital. Applying this to US national accounting data, Jones shows that when measured correctly the profit rate falls in the lead up to the Great Recession, and for the main reason Marx identifies: the rising organic composition of capital. Jones also details a new theory of finance, which shows how cycles in the profit rate relate to stock market booms and slumps, and movements in the interest rate. He discusses the implications of the analysis and Marx and Engels' work generally for a democratic socialist strategy"--
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Book Title: Falling Rate of Profit and the Great Recession of 2007-2009 : A N
Number of Pages: Xlvi, 226 Pages
Language: English
Publication Name: 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
Publisher: Brill
Publication Year: 2021
Subject: Political Ideologies / Communism, Post-Communism & Socialism, Economic Conditions, Economics / General
Item Weight: 20.5 Oz
Type: Textbook
Author: Peter H. Jones
Item Length: 9.3 in
Subject Area: Political Science, Business & Economics
Series: Historical Materialism Book Ser.
Item Width: 6.1 in
Format: Hardcover
