Economic Theory - General & Miscellaneous, Communism - General & Miscellaneous, Capitalism, Business Cycles - Economics, Marxism, Marxian Economics
Long Waves Of Capitalist Development
Ernest Mandel
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The economist and political theorist first establishes that there have been 20- to 25-year-long waves of capitalist expansion and contraction that have persisted since World War II. Then he shows that while broad tendencies in the rate of profit have been decisive in triggering downturns, the ingredients needed for an upswing are generally political and extra-economic. This, he argues, demonstrates the falsity of neo-liberal doctrines, according to which the free market will itself generate a new formula for balanced and sustainable expansion. Distributed by Routledge, Chapman & Hall. Annotation c. Book News, Inc., Portland, OR (booknews.com)Book Details
Published
June 1, 1995
Publisher
Norton Client/Verso
Pages
184
Format
Paperback
ISBN
9781859840375