Capital Accumulation, Profitability, and Crisis

Erdogan Bakir

Review of Radical Political Economics, 2015, vol. 47, issue 3, 389-411

Abstract: This paper uses the rate of profit to address the issue of structural changes in class relationships and the process of capital accumulation that occurred under neoliberalism. I take a long-term class perspective and show that changing class relationships along with the financialization of the economy beginning in early 1980s progressively set the stage for the crisis of 2007-2009.

Keywords: rate of profit; Marxian crisis theory; capital accumulation; financialization; neoliberalism (search for similar items in EconPapers)
JEL-codes: B51 E22 E32 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:47:y:2015:i:3:p:389-411

DOI: 10.1177/0486613414542774

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