The falling rate of profit and the Great Recession of 2007-2009 :: a new approach to applying Marx's value theory and its implications for socialist strategy /
"In The Falling Rate of Profit and the Great Recession of 2007-2009, Peter Jones develops a new non-equilibrium interpretation of the labour theory of value Karl Marx builds in Capital. Applying this to US national accounting data, Jones shows that when measured correctly the profit rate falls...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Leiden ; Boston :
Brill,
2019.
|
| Schriftenreihe: | Historical materialism book series ;
v. 191. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "In The Falling Rate of Profit and the Great Recession of 2007-2009, Peter Jones develops a new non-equilibrium interpretation of the labour theory of value Karl Marx builds in Capital. Applying this to US national accounting data, Jones shows that when measured correctly the profit rate falls in the lead up to the Great Recession, and for the main reason Marx identifies: the rising organic composition of capital. Jones also details a new theory of finance, which shows how cycles in the profit rate relate to stock market booms and slumps, and movements in the interest rate. He discusses the implications of the analysis and Marx and Engels' work generally for a democratic socialist strategy"-- |
| Beschreibung: | 1 online resource (xlv, 226 pages) : illustrations (chiefly color). |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9004398325 9789004398320 |
Internformat
MARC
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| 245 | 1 | 4 | |a The falling rate of profit and the Great Recession of 2007-2009 : |b a new approach to applying Marx's value theory and its implications for socialist strategy / |c by Peter Jones. |
| 263 | |a 1912 | ||
| 264 | 1 | |a Leiden ; |a Boston : |b Brill, |c 2019. | |
| 300 | |a 1 online resource (xlv, 226 pages) : |b illustrations (chiefly color). | ||
| 336 | |a text |b txt |2 rdacontent | ||
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| 490 | 1 | |a Historical Materialism Book Series ; |v v. 191 | |
| 504 | |a Includes bibliographical references and index. | ||
| 520 | |a "In The Falling Rate of Profit and the Great Recession of 2007-2009, Peter Jones develops a new non-equilibrium interpretation of the labour theory of value Karl Marx builds in Capital. Applying this to US national accounting data, Jones shows that when measured correctly the profit rate falls in the lead up to the Great Recession, and for the main reason Marx identifies: the rising organic composition of capital. Jones also details a new theory of finance, which shows how cycles in the profit rate relate to stock market booms and slumps, and movements in the interest rate. He discusses the implications of the analysis and Marx and Engels' work generally for a democratic socialist strategy"-- |c Provided by publisher. | ||
| 588 | 0 | |a Print version record and CIP data provided by publisher; resource not viewed. | |
| 505 | 0 | |a Preface -- List of Tables and Figures -- Advice to Readers -- 1 Marx's Value Theory and the Law of the Tendential Fall in the Rate of Profit -- 1 The Development of the LTFRP and Its Significance -- 2 Criticisms of the Law -- 3 Summary -- 2 Devaluation -- 1 Formalisms, Models and Method -- 2 Devaluation and Value -- 3 Historical Cost, Input Cost and Output Cost -- 4 Measuring Devaluation -- 5 The MELT and Revaluation -- 6 The Rate of Profit, the Rate of Accumulation and the Rate of Growth -- 7 Conclusion -- 8 Appendix: A Counter-example to the Okishio Theorem Using Current Cost Measures of the Rate of Profit -- 3 Turnover Time and the Organic Composition of Capital -- 1 Decomposing the Rate of Profit: Existing Approaches -- 2 The Stock of Variable Capital -- 3 The OCC -- 4 Conclusion -- 5 Appendix: Decomposing Changes in the Rate of Profit -- 4 Surplus Value, Profit and Output -- 1 The Forms of Appearance of Surplus Value -- 2 Unproductive Labour -- 3 Measuring Surplus Value after Unproductive Expenditures -- 4 The Value of Labour Power -- 5 Measuring Output -- 6 Differences between the Total Price and Total Value of Output -- 7 Surplus Value after Unproductive Expenditures -- 8 Profits from Production -- 9 Conclusion -- 10 Appendix A: Accounting Definitions -- 11 Appendix B: Decomposing Changes in the Rate of Profit from Production -- 12 Appendix C: Decomposing Rates of Profit When the Value of Labour Power Is Not Equal to Its Price -- 5 Marx on Finance -- 1 Money Dealing and Interest-Bearing Capital -- 2 Currency -- 3 Social Relations and Interest -- 4 Dynamics of the Interest Rate ( I ) -- 5 Money Capital and Fictitious Capital -- 6 Fictitious Capital and the Dynamics of the Interest Rate ( II ) -- 7 Conclusions -- 6 The Rate of Profit and Financial Rates of Return. | |
| 505 | 0 | |a 1 The Separation between Financial Profits and Profits from Production -- 2 Fictitious and Non-fictitious Profits -- 3 The Non-fictitious Financial Rate of Return and the Interest Rate -- 4 Conclusion -- 5 Appendix: Accounting Definitions for Financial Rates of Return -- 7 Results -- 1 Output and Surplus Value -- 2 Measures of the Rate of Profit -- 3 Why the Rate of Profit Fell -- 4 The Rate of Profit and Financial Rates of Return -- 5 The Rate of Profit and the Interest Rate over the Long Term -- 8 Conclusions -- 1 The Rate of Profit and the Great Recession -- 2 Capital and Marx's Value Theory -- Bibliography -- Index. | |
| 650 | 0 | |a Labor theory of value |z United States. | |
| 650 | 0 | |a Business cycles |z United States. | |
| 651 | 0 | |a United States |x Economic conditions |y 2001-2009. |0 http://id.loc.gov/authorities/subjects/sh2001004604 | |
| 650 | 6 | |a Théorie de la valeur-travail |z États-Unis. | |
| 650 | 6 | |a Cycles économiques |z États-Unis. | |
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| 650 | 7 | |a Labor theory of value |2 fast | |
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| 776 | 0 | 8 | |i Print version. |a Jones, Peter (Peter M.). |t Falling rate of profit and the Great Recession of 2007-2009. |d Leiden ; Boston : Brill, [2021] |z 9789004325333 |w (DLC) 2019042150 |w (OCoLC)1085699403 |
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|---|---|
| _version_ | 1816796933624168449 |
| adam_text | |
| any_adam_object | |
| author | Jones, Peter (Peter M.) |
| author_GND | http://id.loc.gov/authorities/names/n77002661 |
| author_facet | Jones, Peter (Peter M.) |
| author_role | aut |
| author_sort | Jones, Peter |
| author_variant | p j pj |
| building | Verbundindex |
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| callnumber-subject | HB - Economic Theory and Demography |
| collection | ZDB-4-EBU |
| contents | Preface -- List of Tables and Figures -- Advice to Readers -- 1 Marx's Value Theory and the Law of the Tendential Fall in the Rate of Profit -- 1 The Development of the LTFRP and Its Significance -- 2 Criticisms of the Law -- 3 Summary -- 2 Devaluation -- 1 Formalisms, Models and Method -- 2 Devaluation and Value -- 3 Historical Cost, Input Cost and Output Cost -- 4 Measuring Devaluation -- 5 The MELT and Revaluation -- 6 The Rate of Profit, the Rate of Accumulation and the Rate of Growth -- 7 Conclusion -- 8 Appendix: A Counter-example to the Okishio Theorem Using Current Cost Measures of the Rate of Profit -- 3 Turnover Time and the Organic Composition of Capital -- 1 Decomposing the Rate of Profit: Existing Approaches -- 2 The Stock of Variable Capital -- 3 The OCC -- 4 Conclusion -- 5 Appendix: Decomposing Changes in the Rate of Profit -- 4 Surplus Value, Profit and Output -- 1 The Forms of Appearance of Surplus Value -- 2 Unproductive Labour -- 3 Measuring Surplus Value after Unproductive Expenditures -- 4 The Value of Labour Power -- 5 Measuring Output -- 6 Differences between the Total Price and Total Value of Output -- 7 Surplus Value after Unproductive Expenditures -- 8 Profits from Production -- 9 Conclusion -- 10 Appendix A: Accounting Definitions -- 11 Appendix B: Decomposing Changes in the Rate of Profit from Production -- 12 Appendix C: Decomposing Rates of Profit When the Value of Labour Power Is Not Equal to Its Price -- 5 Marx on Finance -- 1 Money Dealing and Interest-Bearing Capital -- 2 Currency -- 3 Social Relations and Interest -- 4 Dynamics of the Interest Rate ( I ) -- 5 Money Capital and Fictitious Capital -- 6 Fictitious Capital and the Dynamics of the Interest Rate ( II ) -- 7 Conclusions -- 6 The Rate of Profit and Financial Rates of Return. 1 The Separation between Financial Profits and Profits from Production -- 2 Fictitious and Non-fictitious Profits -- 3 The Non-fictitious Financial Rate of Return and the Interest Rate -- 4 Conclusion -- 5 Appendix: Accounting Definitions for Financial Rates of Return -- 7 Results -- 1 Output and Surplus Value -- 2 Measures of the Rate of Profit -- 3 Why the Rate of Profit Fell -- 4 The Rate of Profit and Financial Rates of Return -- 5 The Rate of Profit and the Interest Rate over the Long Term -- 8 Conclusions -- 1 The Rate of Profit and the Great Recession -- 2 Capital and Marx's Value Theory -- Bibliography -- Index. |
| ctrlnum | (OCoLC)1096222408 |
| dewey-full | 335.4/12 |
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| dewey-ones | 335 - Socialism and related systems |
| dewey-raw | 335.4/12 |
| dewey-search | 335.4/12 |
| dewey-sort | 3335.4 212 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| era | 2001-2009 fast |
| era_facet | 2001-2009 |
| format | Electronic eBook |
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| geographic | United States Economic conditions 2001-2009. http://id.loc.gov/authorities/subjects/sh2001004604 États-Unis Conditions économiques 2001-2009. United States fast |
| geographic_facet | United States Economic conditions 2001-2009. États-Unis Conditions économiques 2001-2009. United States |
| id | ZDB-4-EBU-on1096222408 |
| illustrated | Illustrated |
| indexdate | 2024-11-26T14:49:33Z |
| institution | BVB |
| isbn | 9004398325 9789004398320 |
| language | English |
| lccn | 2019042151 |
| oclc_num | 1096222408 |
| open_access_boolean | |
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| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (xlv, 226 pages) : illustrations (chiefly color). |
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| publishDate | 2019 |
| publishDateSearch | 2019 |
| publishDateSort | 2019 |
| publisher | Brill, |
| record_format | marc |
| series | Historical materialism book series ; |
| series2 | Historical Materialism Book Series ; |
| spelling | Jones, Peter (Peter M.), author. http://id.loc.gov/authorities/names/n77002661 The falling rate of profit and the Great Recession of 2007-2009 : a new approach to applying Marx's value theory and its implications for socialist strategy / by Peter Jones. 1912 Leiden ; Boston : Brill, 2019. 1 online resource (xlv, 226 pages) : illustrations (chiefly color). text txt rdacontent computer n rdamedia online resource nc rdacarrier Historical Materialism Book Series ; v. 191 Includes bibliographical references and index. "In The Falling Rate of Profit and the Great Recession of 2007-2009, Peter Jones develops a new non-equilibrium interpretation of the labour theory of value Karl Marx builds in Capital. Applying this to US national accounting data, Jones shows that when measured correctly the profit rate falls in the lead up to the Great Recession, and for the main reason Marx identifies: the rising organic composition of capital. Jones also details a new theory of finance, which shows how cycles in the profit rate relate to stock market booms and slumps, and movements in the interest rate. He discusses the implications of the analysis and Marx and Engels' work generally for a democratic socialist strategy"-- Provided by publisher. Print version record and CIP data provided by publisher; resource not viewed. Preface -- List of Tables and Figures -- Advice to Readers -- 1 Marx's Value Theory and the Law of the Tendential Fall in the Rate of Profit -- 1 The Development of the LTFRP and Its Significance -- 2 Criticisms of the Law -- 3 Summary -- 2 Devaluation -- 1 Formalisms, Models and Method -- 2 Devaluation and Value -- 3 Historical Cost, Input Cost and Output Cost -- 4 Measuring Devaluation -- 5 The MELT and Revaluation -- 6 The Rate of Profit, the Rate of Accumulation and the Rate of Growth -- 7 Conclusion -- 8 Appendix: A Counter-example to the Okishio Theorem Using Current Cost Measures of the Rate of Profit -- 3 Turnover Time and the Organic Composition of Capital -- 1 Decomposing the Rate of Profit: Existing Approaches -- 2 The Stock of Variable Capital -- 3 The OCC -- 4 Conclusion -- 5 Appendix: Decomposing Changes in the Rate of Profit -- 4 Surplus Value, Profit and Output -- 1 The Forms of Appearance of Surplus Value -- 2 Unproductive Labour -- 3 Measuring Surplus Value after Unproductive Expenditures -- 4 The Value of Labour Power -- 5 Measuring Output -- 6 Differences between the Total Price and Total Value of Output -- 7 Surplus Value after Unproductive Expenditures -- 8 Profits from Production -- 9 Conclusion -- 10 Appendix A: Accounting Definitions -- 11 Appendix B: Decomposing Changes in the Rate of Profit from Production -- 12 Appendix C: Decomposing Rates of Profit When the Value of Labour Power Is Not Equal to Its Price -- 5 Marx on Finance -- 1 Money Dealing and Interest-Bearing Capital -- 2 Currency -- 3 Social Relations and Interest -- 4 Dynamics of the Interest Rate ( I ) -- 5 Money Capital and Fictitious Capital -- 6 Fictitious Capital and the Dynamics of the Interest Rate ( II ) -- 7 Conclusions -- 6 The Rate of Profit and Financial Rates of Return. 1 The Separation between Financial Profits and Profits from Production -- 2 Fictitious and Non-fictitious Profits -- 3 The Non-fictitious Financial Rate of Return and the Interest Rate -- 4 Conclusion -- 5 Appendix: Accounting Definitions for Financial Rates of Return -- 7 Results -- 1 Output and Surplus Value -- 2 Measures of the Rate of Profit -- 3 Why the Rate of Profit Fell -- 4 The Rate of Profit and Financial Rates of Return -- 5 The Rate of Profit and the Interest Rate over the Long Term -- 8 Conclusions -- 1 The Rate of Profit and the Great Recession -- 2 Capital and Marx's Value Theory -- Bibliography -- Index. Labor theory of value United States. Business cycles United States. United States Economic conditions 2001-2009. http://id.loc.gov/authorities/subjects/sh2001004604 Théorie de la valeur-travail États-Unis. Cycles économiques États-Unis. États-Unis Conditions économiques 2001-2009. Labor theory of value fast Business cycles fast Economic history fast Economic policy fast Economics fast United States fast 2001-2009 fast has work: The falling rate of profit and the Great Recession of 2007-2009 (Text) https://id.oclc.org/worldcat/entity/E39PCG73jBTWY63jF4T3xvj7pd https://id.oclc.org/worldcat/ontology/hasWork Print version. Jones, Peter (Peter M.). Falling rate of profit and the Great Recession of 2007-2009. Leiden ; Boston : Brill, [2021] 9789004325333 (DLC) 2019042150 (OCoLC)1085699403 Historical materialism book series ; v. 191. http://id.loc.gov/authorities/names/n2002096283 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2906220 Volltext |
| spellingShingle | Jones, Peter (Peter M.) The falling rate of profit and the Great Recession of 2007-2009 : a new approach to applying Marx's value theory and its implications for socialist strategy / Historical materialism book series ; Preface -- List of Tables and Figures -- Advice to Readers -- 1 Marx's Value Theory and the Law of the Tendential Fall in the Rate of Profit -- 1 The Development of the LTFRP and Its Significance -- 2 Criticisms of the Law -- 3 Summary -- 2 Devaluation -- 1 Formalisms, Models and Method -- 2 Devaluation and Value -- 3 Historical Cost, Input Cost and Output Cost -- 4 Measuring Devaluation -- 5 The MELT and Revaluation -- 6 The Rate of Profit, the Rate of Accumulation and the Rate of Growth -- 7 Conclusion -- 8 Appendix: A Counter-example to the Okishio Theorem Using Current Cost Measures of the Rate of Profit -- 3 Turnover Time and the Organic Composition of Capital -- 1 Decomposing the Rate of Profit: Existing Approaches -- 2 The Stock of Variable Capital -- 3 The OCC -- 4 Conclusion -- 5 Appendix: Decomposing Changes in the Rate of Profit -- 4 Surplus Value, Profit and Output -- 1 The Forms of Appearance of Surplus Value -- 2 Unproductive Labour -- 3 Measuring Surplus Value after Unproductive Expenditures -- 4 The Value of Labour Power -- 5 Measuring Output -- 6 Differences between the Total Price and Total Value of Output -- 7 Surplus Value after Unproductive Expenditures -- 8 Profits from Production -- 9 Conclusion -- 10 Appendix A: Accounting Definitions -- 11 Appendix B: Decomposing Changes in the Rate of Profit from Production -- 12 Appendix C: Decomposing Rates of Profit When the Value of Labour Power Is Not Equal to Its Price -- 5 Marx on Finance -- 1 Money Dealing and Interest-Bearing Capital -- 2 Currency -- 3 Social Relations and Interest -- 4 Dynamics of the Interest Rate ( I ) -- 5 Money Capital and Fictitious Capital -- 6 Fictitious Capital and the Dynamics of the Interest Rate ( II ) -- 7 Conclusions -- 6 The Rate of Profit and Financial Rates of Return. 1 The Separation between Financial Profits and Profits from Production -- 2 Fictitious and Non-fictitious Profits -- 3 The Non-fictitious Financial Rate of Return and the Interest Rate -- 4 Conclusion -- 5 Appendix: Accounting Definitions for Financial Rates of Return -- 7 Results -- 1 Output and Surplus Value -- 2 Measures of the Rate of Profit -- 3 Why the Rate of Profit Fell -- 4 The Rate of Profit and Financial Rates of Return -- 5 The Rate of Profit and the Interest Rate over the Long Term -- 8 Conclusions -- 1 The Rate of Profit and the Great Recession -- 2 Capital and Marx's Value Theory -- Bibliography -- Index. Labor theory of value United States. Business cycles United States. Théorie de la valeur-travail États-Unis. Cycles économiques États-Unis. Labor theory of value fast Business cycles fast Economic history fast Economic policy fast Economics fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh2001004604 |
| title | The falling rate of profit and the Great Recession of 2007-2009 : a new approach to applying Marx's value theory and its implications for socialist strategy / |
| title_auth | The falling rate of profit and the Great Recession of 2007-2009 : a new approach to applying Marx's value theory and its implications for socialist strategy / |
| title_exact_search | The falling rate of profit and the Great Recession of 2007-2009 : a new approach to applying Marx's value theory and its implications for socialist strategy / |
| title_full | The falling rate of profit and the Great Recession of 2007-2009 : a new approach to applying Marx's value theory and its implications for socialist strategy / by Peter Jones. |
| title_fullStr | The falling rate of profit and the Great Recession of 2007-2009 : a new approach to applying Marx's value theory and its implications for socialist strategy / by Peter Jones. |
| title_full_unstemmed | The falling rate of profit and the Great Recession of 2007-2009 : a new approach to applying Marx's value theory and its implications for socialist strategy / by Peter Jones. |
| title_short | The falling rate of profit and the Great Recession of 2007-2009 : |
| title_sort | falling rate of profit and the great recession of 2007 2009 a new approach to applying marx s value theory and its implications for socialist strategy |
| title_sub | a new approach to applying Marx's value theory and its implications for socialist strategy / |
| topic | Labor theory of value United States. Business cycles United States. Théorie de la valeur-travail États-Unis. Cycles économiques États-Unis. Labor theory of value fast Business cycles fast Economic history fast Economic policy fast Economics fast |
| topic_facet | Labor theory of value United States. Business cycles United States. United States Economic conditions 2001-2009. Théorie de la valeur-travail États-Unis. Cycles économiques États-Unis. États-Unis Conditions économiques 2001-2009. Labor theory of value Business cycles Economic history Economic policy Economics United States |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2906220 |
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