Profitability and the Great Recession
The Role of Accumulation Trends in the Financial Crisis
|Series title:||Routledge Frontiers of Political Economy Ser.|
|Publication Date:||Oct 2013|
| Book Format:||Hardback|
|List Price:||USD $163.00|
| Book Description: |
From the mid-1980s, investors in the US increasingly directed capital towards the financial sector at the expense of non-financial sectors, lured by the perception of higher profits. This flow of capital inflated asset prices, creating the stock market and housing bubbles which burst when the imbalance between stagnant incomes and rising debts triggered the banking meltdown. Profitability and the Great Recessionanalyses these trends in profitability and capital accumulation,...