LONG WAVES, INSTITUTIONAL CHANGES, AND HISTORICAL TRENDS: A STUDY OF THE LONG-TERM MOVEMENT OF THE PROFIT RATE IN THECAPITALIST WORLD-ECONOMY
In this paper we study the long-term movement of the profit rate and related variables in the UK, the US, Japan, and the Euro-zone. Since the mid-19th century there have been four long waves in the movement of the average profit rate and rate of accumulation. The average profit rate tended to fall b...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
University Library System, University of Pittsburgh
2015-08-01
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| Series: | Journal of World-Systems Research |
| Online Access: | http://jwsr.pitt.edu/ojs/index.php/jwsr/article/view/360 |