The long depression: marxism and the global crisis of capitalism

Description

The Long Depression -- Introduction: Getting Depressed -- Chapter 1: The Cause of Depressions -- Chapter 2: The Long Depression of the Late Nineteenth Century -- Chapter 3: The Great Depression of the Mid-Twentieth Century -- Chapter 4: The Profitability Crisis and the Neoliberal Response -- Chapter 5: The Great Recession of the Twenty-First Century -- Chapter 6: Debt Matters -- Chapter 7: From Slump to Depression -- Chapter 8: America Crawls -- Chapter 9: The Failing Euro Project -- Chapter 10: Japan Stagnates -- Chapter 11: The Rest Cannot Escape -- Chapter 12: Cycles within Cycles -- Chapter 13: Past Its Use-By Date? -- Appendix 1: Measuring the Rate of Profit -- Appendix 2: The Failure of Keynesianism -- Bibliography -- Notes -- About the Author.;Setting out from an unapologetic Marxist perspective, The Long Depression argues that the global economy remains in the throes of a depression. Making the case that the profitability of capital is too low, and the debt built up before the Great Recession too high, leading radical economist Michael Roberts persuasively presents his case that this depression will persist until the profitability of capital is restored through yet another slump.