Economics of Global Turbulence: The Advanced Capitalist Economies from Long Boom to Long Downturn, 1945-2005

Hardcover (Print)
Used and New from Other Sellers
Used and New from Other Sellers
from $15.60
Usually ships in 1-2 business days
(Save 55%)
Other sellers (Hardcover)
  • All (21) from $15.60   
  • New (12) from $19.43   
  • Used (9) from $15.58   


For years, the discipline of economics has been moving steadily away from the real world towards formalized axioms and mathematical models with only a precarious bearing on actuality. Commentators seek to fill the gap as best they can, but in the absence of real background scholarship, journalism is vulnerable to the myopias of fashion and immediacy. The deeper enigmas of post-war development remain in either case largely untouched.

Bringing together the strengths of both the economist and the historian, Robert Brenner rises to this challenge. In this work, a revised and newly introduced edition of his acclaimed New Left Review special report, he charts the turbulent post-war history of the global system and unearths the mechanisms of over-production and over-competition which lie behind its long-term crisis since the early 1970s, thereby demonstrating the thoroughly systematic factors behind wage repression, high unemployment and unequal development, and raising disturbing and far-reaching questions about its future trajectory.

Read More Show Less

Editorial Reviews

The Nation
“A brilliant economic overview of the world’s current economic state.”
Wall Street Journal
“Here, at last—something good out of the left.”
From the Publisher
“A brilliant economic overview of the world’s current economic state.”—The Nation

“Here, at last—something good out of the left.”—Wall Street Journal

“Robert Brenner [is] arguably capital’s most lucid contemporary historian.”—Los Angeles Review of Books

Read More Show Less

Product Details

  • ISBN-13: 9781859847305
  • Publisher: Verso Books
  • Publication date: 7/28/2006
  • Pages: 369
  • Sales rank: 1,378,438
  • Product dimensions: 6.23 (w) x 9.50 (h) x 1.02 (d)

Meet the Author

Robert Brenner is Director of the Center for Social Theory and Comparative History at UCLA. He is the author of The Boom and the Bubble, Merchants and Revolution, The Economics of Global Turbulence and co-editor of Rebel Rank and File.
Read More Show Less

Table of Contents

Preface : dynamics of turbulence
Introduction : the puzzle of the long downturn 1
Pt. 1 The trajectory of the profit rate 11
1 Supply-side explanations : a critique 13
2 Outline of an alternative explanation 27
Pt. 2 The long upturn 41
3 The pattern of the postwar boom 43
4 The US economy : the costs of leadership 52
5 Germany : the export-driven boom 67
6 Japan's 'high-speed growth' 80
7 Accounting for the long boom 94
Pt. 3 From boom to downturn 97
8 Descent into crisis 99
9 The crisis spreads 122
Pt. 4 The long downturn 143
10 Why the long downturn? : an overview 145
11 The failure of Keynesianism, 1973-79 164
12 The US counter-offensive 187
Pt. 5 Prosperity regained? 237
13 The long downturn and the 'secular trend' 239
14 A new long upturn? 250
Afterword : deepening turbulence? 266
App. I Profit rates and productivity growth 345
App. II Sources for main variables 349
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)