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In the neoliberal form of capitalism, economic expansion tends to be accompanied by rising profits and stagnant wages, creating a potential problem of overproduction. This obstacle to expansion has been overcome in the U.S. economy in the neoliberal era through rising household debt and the...
Persistent link: https://www.econbiz.de/10010797192
argument is that the historically specific form of accumulation is the fundamental reason why national financial systems … developed as they did. The predominantly commercial form of accumulation as well as the peripheral conditions shape the …
Persistent link: https://www.econbiz.de/10010797277
This article examines distributional implications of the restructuring of international coffee markets that has occurred since the collapse of the International Coffee Agreement in 1989 and market liberalization in coffee producing countries under structural adjustment programs. It is argued...
Persistent link: https://www.econbiz.de/10010797387
Israel. Our principal focus is on a revised notion of capital, emphasizing the central role of differential accumulation by … dominant capital groups. We further distinguish between an antagonistic “depth” regime in which differential accumulation is … by global developments. Until the 1980s, accumulation in both countries depended largely on depth, characterized by a …
Persistent link: https://www.econbiz.de/10011644559
spending and differential accumulation in mature capitalist economies. Applied to the “model” case of Israel, our analysis …
Persistent link: https://www.econbiz.de/10011644563
accumulation in the 19th century. Since the 1970s, these secular trends have been reversed, which is connected to flexible … accumulation that slims down the inventory stock to a minimum and destroys old consensus between capital and labor. JEL …
Persistent link: https://www.econbiz.de/10009004535