The Golden Age Illusion: Rethinking Postwar CapitalismGuilford Press, 20 set 1996 - 545 pagine Reassessing common interpretations of postwar economic history and geography, this book focuses on the evolution of the global economy from the 1950s to the present. It integrates theoretical and empirical work and draws data from around the world, with detailed studies of two advanced industrialized nations - Japan and the United States; two semi-peripheral economies - Australia and Canada; and three newly industrializing countries - Brazil, South Korea, and Taiwan. The authors build on standard models of economic change to incorporate new developments in regional dynamics: they use nonlinear, nonequilibrium, and evolutionary arguments to frame discussions of profit rates, technological change, and interregional capital flows. They then assess traditional explanations of postwar economic growth and crisis - from fordism, organized capitalism, industrial divides, and technological regimes to falling rates of profit and golden ages. Highlighting the geographic form of postwar growth, namely, globalization, their work clearly illustrates the failure of traditional theories to adequately account for the emergence of selected newly industrializing countries. The authors conclude with a new interpretation of the global slowdown - one that emphasizes the endogenous nature of capitalist crises and demonstrates how the newly industrializing economies expanded as a result of that slowdown. Theoretically sophisticated and up-to-date, this detailed work provides both faculty and graduate students with an enlightened perspective on theories of economic dynamics and regional development. It can also be used as a text for courses in geography, economics, political science, and sociology. |
Sommario
THE LABOR THEORY OF VALUE AND EXPECTED PRICES | 4 |
THE PARTLY GOLDEN AGE | 14 |
COMPETING THEORIES OF POSTWAR GROWTH | 64 |
ACCUMULATION TECHNICAL CHANGE AND | 145 |
THE FORM OF PRODUCTIVITY CHANGE | 180 |
Adoption of New Technology in a Plant | 214 |
3 | 222 |
4 The Dynamics of Technical Change | 230 |
PROFITS AND TECHNICAL CHANGE IN AUSTRALIA CANADA | 291 |
145 | 353 |
3 | 368 |
3 | 377 |
THE RATE AND DIRECTION OF TECHNICAL CHANGE | 384 |
THE GROWTH OF THE NICS | 414 |
502 | |
INDEX | 526 |
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The Golden Age Illusion: Rethinking Postwar Capitalism Michael J. Webber,David L. Rigby Anteprima non disponibile - 1996 |
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Australia Bank billion boom Brazil Canada capacity utilization capital accumulation capital flows capital formation Chapter commodities comparative advantage composition of capital constant capital costs of production decline developing countries direction of technical dynamic equilibrium economies effect employment equation exports falling rate Figure firms fixed capital foreign four countries global growth of output increase industries and regions innovation input coefficient Japan labor input labor power Lipietz measured neo-Ricardian NICs OECD period plants policies price rate productivity change profit are equal profit rates proportion rate of exploitation rate of growth rate of profit rates of capital ratio real wages reduced relative rise Section sectors slowdown Source South Korea surplus surplus value Table Taiwan technical change technical composition techniques tion transnational turnover unit costs unit value value composition value of labor value rate variable workers world trade