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Profitability and the Great Recession: The Role of Accumulation Trends in the Financial Crisis: 177 (Routledge Frontiers of Political Economy) - Tapa dura

Libro 145 de 375: Routledge Frontiers of Political Economy

Mejorado, Ascension; Roman, Manuel

 
9780415709934: Profitability and the Great Recession: The Role of Accumulation Trends in the Financial Crisis: 177 (Routledge Frontiers of Political Economy)

Sinopsis

This book presents an analysis of systemic trends in profitability and capital accumulation in the US and other major OECD countries leading up to the Great Recession of 2008. The authors conclude that the long-term falling accumulation trend in the non-financial corporate sector, highlighted by the bankruptcy of major automobile corporations, stands out as the underlying force that transformed the financial crisis into a fully-fledged Great Recession.

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Acerca del autor

Ascension Mejorado is Master Teacher of Economics at New York University, USA.

Manuel Roman taught economics at New Jersey City University, USA for over 25 years, and is now retired.

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