Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Falling Rate of Profit and the Great Recession of 2007-2009: A New Approach to Applying Marx's Value Theory and Its Implications for Socialist Str

The Falling Rate of Profit and the Great Recession of 2007-2009: A New Approach to Applying Marx's Value Theory and Its Implications for Socialist Str

H. Jones, Peter

Hardcover

EconomicsInvesting & FinanceSocial Movements

ISBN10: 9004325336
ISBN13: 9789004325333
Publisher: Brill
Published: Apr 8 2021
Pages: 226
Weight: 1.20
Height: 0.80 Width: 6.30 Depth: 9.40
Language: English
In The Falling Rate of Profit and the Great Recession of 2007-2009, Peter H. Jones develops a new non-equilibrium interpretation of the labour theory of value Karl Marx builds in Capital. Applying this to US national accounting data, Jones shows that when measured correctly the profit rate falls in the lead up to the Great Recession, and for the main reason Marx identifies: the rising organic composition of capital.
Jones also details a new theory of finance, which shows how cycles in the profit rate relate to stock market booms and slumps, and movements in the interest rate. He discusses the implications of the analysis and Marx and Engels' work generally for a democratic socialist strategy.

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