Productivity Convergence, Profit Rates and Long Waves of Accumulation

The "law of the tendency of the profit rate to fall" and "convergence theory" are used to examine the relationship between the rise and demise of the powtwar golden age in all advanced capitalist countries, and the relative decline of the US economy. Links with capitalist develop...

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Bibliographic Details
Published in:The Review of radical political economics 1992-07, Vol.24 (2), p.51-59
Main Authors: Arsen, David, Zoninsein, Jonas
Format: Article
Language:English
Subjects:
Capital accumulation
Capitalism
Economic development
Industrialized nations
Productivity
Profit
U.S.A
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Summary:The "law of the tendency of the profit rate to fall" and "convergence theory" are used to examine the relationship between the rise and demise of the powtwar golden age in all advanced capitalist countries, and the relative decline of the US economy. Links with capitalist development are discussed.
ISSN:0486-6134
1552-8502
DOI:10.1177/048661349202400207