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Declining Profitability and the Evolution of the US Economy

By: Ascension Mejorado (Author) , Manuel Roman (Author)

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Ksh 31,200.00

Format: Hardback or Cased Book

ISBN-13: 9781032538150

Publisher: Taylor & Francis Ltd

Publication Date: Sep 1st, 2023

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The 1970s were a pivotal decade for the US economy. This book argues that the persistent fall in profitability, leading to the stagflation crisis, was a direct result of the transition from the Fordist phase of capital accumulation, based on large-scale manufacturing, to the neoliberal phase and the rising power of finance.

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