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Barnes and Noble

Profit, Accumulation, and Crisis Capitalism: Long-term Trends the UK, US, Japan, China, 1855-2018

Current price: $26.99
Profit, Accumulation, and Crisis Capitalism: Long-term Trends the UK, US, Japan, China, 1855-2018
Profit, Accumulation, and Crisis Capitalism: Long-term Trends the UK, US, Japan, China, 1855-2018

Barnes and Noble

Profit, Accumulation, and Crisis Capitalism: Long-term Trends the UK, US, Japan, China, 1855-2018

Current price: $26.99
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Size: Paperback

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Karl Marx hypothesized that there is a long-term tendency for the profit rate to fall in capitalist economies. Immanuel Wallerstein hypothesized that capitalist development tends to drive up labor cost, material cost, and taxation cost. This book evaluates Marx’s and Wallerstein’s hypotheses by studying the long-term movement of the profit rate and contributing factors in major capitalist economies. During the twentieth century, leading capitalist economies largely succeeded in stabilizing the profit rate. However, the current decline of the profit rate in China may precipitate the global capitalist economy into a new major crisis. As economic growth slows down in all major capitalist economies, Marx’s original hypothesis may be verified by the global economic events in the twenty-first century.

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Barnes & Noble does business -- big business -- by the book. As the #1 bookseller in the US, it operates about 720 Barnes & Noble superstores (selling books, music, movies, and gifts) throughout all 50 US states and Washington, DC. The stores are typically 10,000 to 60,000 sq. ft. and stock between 60,000 and 200,000 book titles. Many of its locations contain Starbucks cafes, as well as music departments that carry more than 30,000 titles.

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