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Routledge Declining Profitability and US Economy Book

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Description

Explore the economic shifts of the 1970s with this Routledge Frontiers of Political Economy publication. This book examines how deindustrialization weakened labor unions and enabled income redistribution toward corporate profits. It provides a deep analysis of how globalization and offshore investments created new paths for nonfinancial capital accumulation. Readers will learn about the decline in domestic productivity growth and how labor-saving technology allowed superstar corporations to capture market share. By investigating the transition from the Fordist phase of capital accumulation, this work explains the causes behind the persistent fall in profitability and the resulting stagflation crisis in the US economy.

Key Features

This Routledge book examines the economic transitions of the 1970s in the United States.

Analyze how deindustrialization and the decline of labor unions impacted income redistribution.

Study the effects of globalization and offshore investments on domestic capital accumulation.

Learn how labor-saving technology helped superstar corporations gain significant market share.

Understand the connection between falling profitability and the stagflation crisis through a classical perspective.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
01 September 2023
Listed Since
18 March 2023

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No barcode data available

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