This eBook is licensed to Michel HUSSON,
[email protected] on 11/12/2018......Page 0
Contents......Page 3
Preface......Page 7
Introduction......Page 9
Part I. The US Economy......Page 20
1. The Long Roots of the Present Crisis: Keynesians, Austerians, and Marx’s Law......Page 21
2. The Old Is Dying but the New Cannot Be Born: On the Exhaustion of Western Capitalism......Page 44
3. Investment, Profit and Crises: Theories and Evidence......Page 85
Part II. The International Dimension......Page 139
4. The Tendency of the Rate of Profit to Fall since the Nineteenth Century and a World Rate of Profit......Page 140
5. Japan’s “Lost” Two Decades: A Marxist Analysis of Prolonged Capitalist Stagnation......Page 168
6. The UK Rate of Profit and British Economic History......Page 193
7. The Long Depression in the Spanish Economy: Bubble, Profits, and Debt......Page 213
8. Surplus Value, Profit, and Unproductive Labor in the Greek Economy, 1958–2013......Page 242
9. The Profit Rate in Brazil, 1953–2008......Page 270
10. The Chinese Economic Crisis: A Marxist Approach......Page 301
Part III. Credit, Fictitious Capital and Crises......Page 319
11. Debt Matters......Page 320
12. The Neoliberal Financialization of the US Economy......Page 342
13. The Roots of the Global Crisis: Marx’s Law of Falling Profitability and the US Economy, 1950–2013......Page 355
14. Derivatives and Capitalist Markets: The Speculative Heart of Capital......Page 392
15. High-Frequency Trading: The Unfolding History of Speculative Capital......Page 423
Part IV. The Crisis and the Euro......Page 451
16. From the Crisis in Surplus Value to the Crisis in the Euro......Page 452
17. The Euro Crisis Is a Crisis of Capitalism......Page 469
