Declining Profitability and the Evolution of the US Economy: A Classical Perspective

By Manuel Román and Ascension Mejorado

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.

• Format: Paperback
• Language: English
• ISBN: 1032538171
• ISBN13: 9781032538174
• Release Date: January 2025
• Publisher: Routledge
• Length: 310 Pages
• Weight: 0.97 lbs.
• Dimensions: 0.7" x 6.1" x 9.2"