The Long Depression: Marxism and the Global Crisis of Capitalism

Synopsis

[the Author] Argues That The Global Economy Remains In The Throes Of A Depression. Making The Case That The Profitability Of Capital Is Too Low, And The Debt Built Up Before The Great Recession Too High, [he] Presents His Case That This Depression Will Persist Until The Profitability Of Capital Is Restored Through Yet Another Slump--back Cover. The Cause Of Depressions -- The Long Depression Of The Late Nineteenth Century -- The Great Depression Of The Mid-twentieth Century -- The Profitability Crisis And The Neoliberal Response -- The Great Recession Of The Twenty-first Century -- Debt Matters -- From Slump To Depression -- America Crawls -- The Failing Euro Project -- Japan Stagnates -- The Rest Cannot Escape -- Cycles Within Cycles -- Past Its Use-by Date? -- Measuring The Rate Of Profit -- The Failure Of Keynesianism. Michael Roberts. Includes Bibliographical References (pages 281-294) And Index.