Long Waves Of Capitalist Development / Edition 2

Long Waves Of Capitalist Development / Edition 2

by Ernest Mandel
     
 

ISBN-10: 185984037X

ISBN-13: 9781859840375

Pub. Date: 06/17/1995

Publisher: Verso Books

In this revised and expanded edition of Long Waves of Capitalist Development, Ernest Mandel seeks to explain the underlying determinants of the booms and slumps of the trade cycle. Mandel first establishes that there have indeed been twenty- to twenty-five-year-long waves of capitalist expansion and contraction—and that these have persisted in the

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Overview

In this revised and expanded edition of Long Waves of Capitalist Development, Ernest Mandel seeks to explain the underlying determinants of the booms and slumps of the trade cycle. Mandel first establishes that there have indeed been twenty- to twenty-five-year-long waves of capitalist expansion and contraction—and that these have persisted in the period since World War II. He then assembles evidence to show that while broad tendencies in the rate of profit have been decisive in triggering downturns, the ingredients necessary for a new upswing are, by contrast, generally political and extra-economic in character. He thereby demonstrates the falsity of neo-liberal doctrines, according to which the free market will itself generate a new formula for balanced and sustainable expansion.

Long Waves of Capitalist Development not only offers a penetrating analysis of the ills that have afflicted contemporary capitalist economies but also surveys, and takes forward, one of the classical debates of modern economic history.

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Product Details

ISBN-13:
9781859840375
Publisher:
Verso Books
Publication date:
06/17/1995
Edition description:
Rev
Pages:
184
Sales rank:
973,776
Product dimensions:
5.45(w) x 8.50(h) x 0.40(d)

Table of Contents

Preface
1Long Waves: empirical evidence and their explanation through fluctuations in the average rate of profit1
2Long Waves, Technological Revolutions, and Class-struggle Cycles28
3Long Waves, Inflation, and the End of the Postwar Boom49
4Long Waves as Specific Historical Periods76
5Old Problems and New Data: an inventory of the international debate97
6New Issues, New Clarifications116
Notes139
Index165

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