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The Endless Crisis: How Monopoly
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Numéro de l'objet eBay :115936228027
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Caractéristiques de l'objet
- État
- ISBN
- 9781583673133
- Subject Area
- Business & Economics
- Publication Name
- Endless Crisis : How Monopoly-Finance Capital Produces Stagnation and Upheaval from the USA to China
- Item Length
- 9.5 in
- Publisher
- Monthly Review Press
- Subject
- Development / Economic Development, Economics / General, Economics / Theory
- Publication Year
- 2012
- Type
- Textbook
- Format
- Hardcover
- Language
- English
- Item Height
- 0.8 in
- Item Width
- 6.3 in
- Item Weight
- 18.4 Oz
- Number of Pages
- 224 Pages
À propos de ce produit
Product Information
The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Although the Great Recession officially ended in June 2009, hopes for a new phase of rapid economic expansion were quickly dashed. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement, poverty has increased, and the trend toward more inequality of incomes and wealth has continued. It appears that the Great Recession has given way to a period of long-term anemic growth, which Foster and McChesney aptly term the Great Stagnation. This incisive and timely book traces the origins of economic stagnation and explains what it means for a clear understanding of our current situation. The authors point out that increasing monopolization of the economy--when a handful of large firms dominate one or several industries--leads to an over-abundance of capital and too few profitable investment opportunities, with economic stagnation as the result. Absent powerful stimuli to investment, such as historic innovations like the automobile or major government spending, modern capitalist economies have become increasingly dependent on the financial sector to realize profits. And while financialization may have provided a temporary respite from stagnation, it is a solution that cannot last indefinitely, as instability in financial markets over the last half-decade has made clear.
Product Identifiers
Publisher
Monthly Review Press
ISBN-10
158367313x
ISBN-13
9781583673133
eBay Product ID (ePID)
19038782530
Product Key Features
Publication Name
Endless Crisis : How Monopoly-Finance Capital Produces Stagnation and Upheaval from the USA to China
Format
Hardcover
Language
English
Subject
Development / Economic Development, Economics / General, Economics / Theory
Publication Year
2012
Type
Textbook
Subject Area
Business & Economics
Number of Pages
224 Pages
Dimensions
Item Length
9.5 in
Item Height
0.8 in
Item Width
6.3 in
Item Weight
18.4 Oz
Additional Product Features
LCCN
2012-021925
Intended Audience
Scholarly & Professional
Lc Classification Number
Hb501.F659 2012
Reviews
"A compelling discussion of the central economic reality of our time: thatthe Wall Street collapse and Great Recession of 2007-09 was a human calamitywhose effects are ongoing. Foster and McChesney explore the underlyingcauses of the crisis as a result of the normal operations of capitalism inits contemporary neoliberal variant. Their discussions on financialization,monopoly power, imperialism, and other topics all provide opportunities forus to think more clearly about what is wrong with the societies we live inand how to advance a transformative political project in behalf of equalityand social justice."-Robert Pollin, Professor of Economics and Co-Director, Political Economy Research Institute, University of Massachusetts-Amherst, The authors carefully develop a powerful case that the normal state of 'really existing capitalist economies,' increasingly dominated by multinational megacorporations along with associated financialization, is not growth with occasional recession, but rather stagnation with occasional escapes that have diminishing prospects. Hence an 'endless crisis,' endless in both time and space, including China. And a crisis that is heading towards disaster unless there is a radical change of course. This valuable inquiry should be carefully studied and pondered, and should be taken as an incentive to action., "Very effectively integrates analysis of the development, character, andimpact of monopoly-finance capital, which includes the now global andimmense reserve army of labor, and with stagnation tendencies harder andharder to overcome. They also demonstrate well the urgency of working classorganization on a global basis."-Edward S. Herman, Professor Emeritus of Finance at the Wharton School, University of Pennsylvania, "The authors carefully develop a powerful case that the normal state of 'really existing capitalist economies,' increasingly dominated by multinational megacorporations along with associated financialization, is not growth with occasional recession, but rather stagnation with occasional escapes that have diminishing prospects. Hence an 'endless crisis,' endless in both time and space, including China. And a crisis that is heading towards disaster unless there is a radical change of course. This valuable inquiry should be carefully studied and pondered, and should be taken as an incentive to action."-Noam Chomsky,, "In the distinguished tradition of Paul Baran and Paul Sweezy, Foster and McChesney here combine grim analysis with bleak prognosis, reminding us that monopoly power disappeared from the textbooks but not from real life. Thisis a useful book for anyone raised on the reflexive American optimism of thepost-war years."-James K. Galbraith, author of Inequality and Instability: A Study of the World Economy Just Before the Great Crisis, "The most important book yet to appear on stagnation, the central problem of modern economic reality. Essential reading for serious liberal, heterodox, radical, and all open-minded economic thinkers."-Gar Alperovitz, author ofAmerica Beyond Capitalism, and Lionel R. Bauman Professor of Political Economy at the University of Maryland,, In the distinguished tradition of Paul Baran and Paul Sweezy, Foster and McChesney here combine grim analysis with bleak prognosis, reminding us that monopoly power disappeared from the textbooks but not from real life. This is a useful book for anyone raised on the reflexive American optimism of the post-war years., "A compelling discussion of the central economic reality of our time: that the Wall Street collapse and Great Recession of 2007-09 was a human calamity whose effects are ongoing. Foster and McChesney explore the underlying causes of the crisis as a result of the normal operations of capitalism in its contemporary neoliberal variant. Their discussions on financialization, monopoly power, imperialism, and other topics all provide opportunities for us to think more clearly about what is wrong with the societies we live in and how to advance a transformative political project in behalf of equality and social justice."-Robert Pollin, Professor of Economics and Co-Director, Political Economy Research Institute, University of Massachusetts-Amherst,, "A compelling discussion of the central economic reality of our time: that the Wall Street collapse and Great Recession of 2007-09 was a human calamity whose effects are ongoing. Foster and McChesney explore the underlying causes of the crisis as a result of the normal operations of capitalism in its contemporary neoliberal variant. Their discussions on financialization, monopoly power, imperialism, and other topics all provide opportunities for us to think more clearly about what is wrong with the societies we live in and how to advance a transformative political project in behalf of equality and social justice."--Robert Pollin, Professor of Economics and Co-Director, Political Economy Research Institute, University of Massachusetts-Amherst "Chilling in its analysis of the evolution of global capitalism and the contours of the global class struggle . . . you cannot but ask the question: 'When do we get serious about a strategy for the Left to respond to the system of modern day robber-barons that Foster and McChesney so well analyze?'"--Bill Fletcher, Jr., BlackCommentator.com; author of Solidarity Divided and 'They're Bankrupting us' And Twenty Other Myths about Unions "In the distinguished tradition of Paul Baran and Paul Sweezy, Foster and McChesney here combine grim analysis with bleak prognosis, reminding us that monopoly power disappeared from the textbooks but not from real life. This is a useful book for anyone raised on the reflexive American optimism of the post-war years."--James K. Galbraith, author of Inequality and Instability: A Study of the World Economy Just Before the Great Crisis "The authors carefully develop a powerful case that the normal state of 'really existing capitalist economies, ' increasingly dominated by multinational megacorporations along with associated financialization, is not growth with occasional recession, but rather stagnation with occasional escapes that have diminishing prospects. Hence an 'endless crisis, ' endless in both time and space, including China. And a crisis that is heading towards disaster unless there is a radical change of course. This valuable inquiry should be carefully studied and pondered, and should be taken as an incentive to action."--Noam Chomsky "The most important book yet to appear on stagnation, the central problem of modern economic reality. Essential reading for serious liberal, heterodox, radical, and all open-minded economic thinkers."--Gar Alperovitz, author of America Beyond Capitalism, and Lionel R. Bauman Professor of Political Economy at the University of Maryland "Very effectively integrates analysis of the development, character, and impact of monopoly-finance capital, which includes the now global and immense reserve army of labor, and with stagnation tendencies harder and harder to overcome. They also demonstrate well the urgency of working class organization on a global basis."--Edward S. Herman, Professor Emeritus of Finance at the Wharton School, University of Pennsylvania, Chilling in its analysis of the evolution of global capitalism and the contours of the global class struggle . . . you cannot but ask the question: 'When do we get serious about a strategy for the Left to respond to the system of modern day robber-barons that Foster and McChesney so well analyze?', Very effectively integrates analysis of the development, character, and impact of monopoly-finance capital, which includes the now global and immense reserve army of labor, and with stagnation tendencies harder and harder to overcome. They also demonstrate well the urgency of working class organization on a global basis., "Chilling in its analysis of the evolution of global capitalism and the contours of the global class struggle . . . you cannot but ask the question: 'When do we get serious about a strategy for the Left to respond to the system of modern day robber-barons that Foster and McChesney so well analyze?'"-Bill Fletcher, Jr., BlackCommentator.com; author of Solidarity Divided and 'They're Bankrupting us' And Twenty Other Myths about Unions,, "Chilling in its analysis of the evolution of global capitalism and the contours of the global class struggle . . . you cannot but ask the question: 'When do we get serious about a strategy for the Left to respond to the system of modern day robber-barons that Foster and McChesney so well analyze?'"-Bill Fletcher, Jr., BlackCommentator.com; author ofSolidarity Divided and 'They're Bankrupting us' And Twenty Other Myths about Unions,, "The most important book yet to appear on stagnation, the central problem ofmodern economic reality. Essential reading for serious liberal, heterodox,radical, and all open-minded economic thinkers."-Gar Alperovitz, author of America Beyond Capitalism, and Lionel R. Bauman Professor of Political Economy at the University of Maryland, "Chilling in its analysis of the evolution of global capitalism and thecontours of the global class struggle . . . you cannot but ask the question:'When do we get serious about a strategy for the Left to respond to thesystem of modern day robber-barons that Foster and McChesney so wellanalyze?'"-Bill Fletcher, Jr., BlackCommentator.com; author of Solidarity Divided and 'They're Bankrupting us' And Twenty Other Myths about Unions, "The authors carefully develop a powerful case that the normal state of 'really existing capitalist economies,' increasingly dominated bymultinational megacorporations along with associated financialization, isnot growth with occasional recession, but rather stagnation with occasional escapes that have diminishing prospects. Hence an 'endless crisis,' endless in both time and space, including China. And a crisis that is heading towards disaster unless there is a radical change of course. This valuable inquiry should be carefully studied and pondered, and should be taken as an incentive to action."-Noam Chomsky, A compelling discussion of the central economic reality of our time: that the Wall Street collapse and Great Recession of 2007-09 was a human calamity whose effects are ongoing. Foster and McChesney explore the underlying causes of the crisis as a result of the normal operations of capitalism in its contemporary neoliberal variant. Their discussions on financialization, monopoly power, imperialism, and other topics all provide opportunities for us to think more clearly about what is wrong with the societies we live in and how to advance a transformative political project in behalf of equality and social justice., "In the distinguished tradition of Paul Baran and Paul Sweezy, Foster and McChesney here combine grim analysis with bleak prognosis, reminding us that monopoly power disappeared from the textbooks but not from real life. This is a useful book for anyone raised on the reflexive American optimism of the post-war years."-James K. Galbraith, author of Inequality and Instability: A Study of the World Economy Just Before the Great Crisis,, The most important book yet to appear on stagnation, the central problem of modern economic reality. Essential reading for serious liberal, heterodox, radical, and all open-minded economic thinkers., "The most important book yet to appear on stagnation, the central problem of modern economic reality. Essential reading for serious liberal, heterodox, radical, and all open-minded economic thinkers."-Gar Alperovitz, author of America Beyond Capitalism, and Lionel R. Bauman Professor of Political Economy at the University of Maryland,, "In the distinguished tradition of Paul Baran and Paul Sweezy, Foster and McChesney here combine grim analysis with bleak prognosis, reminding us that monopoly power disappeared from the textbooks but not from real life. This is a useful book for anyone raised on the reflexive American optimism of the post-war years."-James K. Galbraith, author ofInequality and Instability: A Study of the World Economy Just Before the Great Crisis,
Copyright Date
2012
Dewey Decimal
332/.041
Dewey Edition
23
Illustrated
Yes
Description de l'objet du vendeur
Le vendeur assume l'entière responsabilité de cette annonce.
Numéro de l'objet eBay :115936228027
Dernière mise à jour : juin 05, 2024 18:13:45 HAEAfficher toutes les modificationsAfficher toutes les modifications
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