Growth, accumulation, and unproductive activity: an analysis of postwar U.S. economy
This book documents the growth of unproductive activity in the United States economy since World War II and its relation to the economic surplus, capital accumulation, and economic growth. Unproductive activities broadly consist of those involved in the circulation process, including wholesaling and...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge
Cambridge University Press
1987
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| Subjects: | |
| Online Access: | DE-12 DE-473 Volltext |
| Summary: | This book documents the growth of unproductive activity in the United States economy since World War II and its relation to the economic surplus, capital accumulation, and economic growth. Unproductive activities broadly consist of those involved in the circulation process, including wholesaling and retailing, banking and financial services, advertising, legal services, business services and many (though not all) government activities. The results indicate that the level of unproductive activity in the postwar economy has been a significant factor in the slowdown in the rate of capital accumulation, productivity growth and the overall growth rate. Here, the villain is shown to be the gradual but persistent shift of resources to unproductive activities. The consequence has been a reduction in new capital formation and productivity growth and an erosion in the rate of growth in per capita living standards. Moreover, the rise in unproductive activity is itself seen to be rooted in the logic of advanced capitalism. The forces of competition, which in the early stages of capitalism lead to rapid technical change and productivity growth, promote non-productive and even counterproductive activities in its more advanced stages |
| Item Description: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
| Physical Description: | 1 online resource (xi, 201 pages) |
| ISBN: | 9780511664533 |
| DOI: | 10.1017/CBO9780511664533 |
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| 520 | |a This book documents the growth of unproductive activity in the United States economy since World War II and its relation to the economic surplus, capital accumulation, and economic growth. Unproductive activities broadly consist of those involved in the circulation process, including wholesaling and retailing, banking and financial services, advertising, legal services, business services and many (though not all) government activities. The results indicate that the level of unproductive activity in the postwar economy has been a significant factor in the slowdown in the rate of capital accumulation, productivity growth and the overall growth rate. Here, the villain is shown to be the gradual but persistent shift of resources to unproductive activities. The consequence has been a reduction in new capital formation and productivity growth and an erosion in the rate of growth in per capita living standards. Moreover, the rise in unproductive activity is itself seen to be rooted in the logic of advanced capitalism. The forces of competition, which in the early stages of capitalism lead to rapid technical change and productivity growth, promote non-productive and even counterproductive activities in its more advanced stages | ||
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| id | DE-604.BV043927579 |
| illustrated | Not Illustrated |
| indexdate | 2025-02-21T01:15:48Z |
| institution | BVB |
| isbn | 9780511664533 |
| language | English |
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| publishDate | 1987 |
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| publisher | Cambridge University Press |
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| spelling | Wolff, Edward N. Verfasser aut Growth, accumulation, and unproductive activity an analysis of postwar U.S. economy Edward N. Wolff Growth, Accumulation, & Unproductive Activity Cambridge Cambridge University Press 1987 1 online resource (xi, 201 pages) txt rdacontent c rdamedia cr rdacarrier Title from publisher's bibliographic system (viewed on 05 Oct 2015) This book documents the growth of unproductive activity in the United States economy since World War II and its relation to the economic surplus, capital accumulation, and economic growth. Unproductive activities broadly consist of those involved in the circulation process, including wholesaling and retailing, banking and financial services, advertising, legal services, business services and many (though not all) government activities. The results indicate that the level of unproductive activity in the postwar economy has been a significant factor in the slowdown in the rate of capital accumulation, productivity growth and the overall growth rate. Here, the villain is shown to be the gradual but persistent shift of resources to unproductive activities. The consequence has been a reduction in new capital formation and productivity growth and an erosion in the rate of growth in per capita living standards. Moreover, the rise in unproductive activity is itself seen to be rooted in the logic of advanced capitalism. The forces of competition, which in the early stages of capitalism lead to rapid technical change and productivity growth, promote non-productive and even counterproductive activities in its more advanced stages Geschichte 1945-1987 gnd rswk-swf Geschichte 1947-1976 gnd rswk-swf Kapitalismus Wirtschaft Capitalism / United States Labor supply / United States Wirtschaftsentwicklung (DE-588)4066438-7 gnd rswk-swf Wirtschaftswachstum (DE-588)4066527-6 gnd rswk-swf Produktivität (DE-588)4047364-8 gnd rswk-swf USA United States / Economic conditions / 1945- USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Produktivität (DE-588)4047364-8 s Wirtschaftswachstum (DE-588)4066527-6 s Geschichte 1947-1976 z 1\p DE-604 Wirtschaftsentwicklung (DE-588)4066438-7 s Geschichte 1945-1987 z DE-604 Erscheint auch als Druckausgabe 978-0-521-03475-3 Erscheint auch als Druckausgabe 978-0-521-25151-8 https://doi.org/10.1017/CBO9780511664533 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Wolff, Edward N. Growth, accumulation, and unproductive activity an analysis of postwar U.S. economy Kapitalismus Wirtschaft Capitalism / United States Labor supply / United States Wirtschaftsentwicklung (DE-588)4066438-7 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd Produktivität (DE-588)4047364-8 gnd |
| subject_GND | (DE-588)4066438-7 (DE-588)4066527-6 (DE-588)4047364-8 (DE-588)4078704-7 |
| title | Growth, accumulation, and unproductive activity an analysis of postwar U.S. economy |
| title_alt | Growth, Accumulation, & Unproductive Activity |
| title_auth | Growth, accumulation, and unproductive activity an analysis of postwar U.S. economy |
| title_exact_search | Growth, accumulation, and unproductive activity an analysis of postwar U.S. economy |
| title_full | Growth, accumulation, and unproductive activity an analysis of postwar U.S. economy Edward N. Wolff |
| title_fullStr | Growth, accumulation, and unproductive activity an analysis of postwar U.S. economy Edward N. Wolff |
| title_full_unstemmed | Growth, accumulation, and unproductive activity an analysis of postwar U.S. economy Edward N. Wolff |
| title_short | Growth, accumulation, and unproductive activity |
| title_sort | growth accumulation and unproductive activity an analysis of postwar u s economy |
| title_sub | an analysis of postwar U.S. economy |
| topic | Kapitalismus Wirtschaft Capitalism / United States Labor supply / United States Wirtschaftsentwicklung (DE-588)4066438-7 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd Produktivität (DE-588)4047364-8 gnd |
| topic_facet | Kapitalismus Wirtschaft Capitalism / United States Labor supply / United States Wirtschaftsentwicklung Wirtschaftswachstum Produktivität USA United States / Economic conditions / 1945- |
| url | https://doi.org/10.1017/CBO9780511664533 |
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