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- Title
Neoliberalism, the Rate of Profit and the Rate of Accumulation.
- Authors
BAKIR, ERDOGAN; CAMPBELL, AL
- Abstract
The essay presents a Marxist analysis of neoliberalism and why it exhibits a slower rate of growth, or more specifically a slower rate of profit, than the form of capitalism that preceded it in the second half of the 20th century. Rates of profit are compared with rates of capital accumulation over the latter 20th and early 21st centuries, as is the increased proportion of profits flowing into the financial sector versus the non-financial sector.
- Subjects
ESSAYS; MARXIAN economics; HISTORY of capitalism; NEOLIBERALISM; CAPITAL -- Accounting; PROFIT accounting; SAVINGS; ECONOMIC history -- 1945-; TWENTIETH century
- Publication
Science & Society, 2010, Vol 74, Issue 3, p323
- ISSN
0036-8237
- Publication type
Essay
- DOI
10.1521/siso.2010.74.3.323