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Profitability and the Great Recession: The Role of Accumulation Trends in the Financial Crisis

Profitability and the Great Recession: The Role of Accumulation Trends in the Financial Crisis

Hardcover

Series: Routledge Frontiers of Political Economy, Book 177

EconomicsInvesting & Finance

ISBN10: 0415709938
ISBN13: 9780415709934
Publisher: Routledge
Published: Oct 21 2013
Pages: 344
Weight: 1.55
Height: 0.90 Width: 6.10 Depth: 9.30
Language: English

This book presents an analysis of systemic trends in profitability and capital accumulation in the US and other major OECD countries leading up to the Great Recession of 2008. The authors conclude that the long-term falling accumulation trend in the non-financial corporate sector, highlighted by the bankruptcy of major automobile corporations, stands out as the underlying force that transformed the financial crisis into a fully-fledged Great Recession.

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