Maturity and Stagnation in American CapitalismDetails a pattern of development and investment in the American economy that produces diminished growth and increased stagnation. |
Contents
PART I | 1 |
THE CONCEPT OF EXCESS CAPACITY | 9 |
VI | 40 |
THE COMPETITION OF CAPITAL BETWEEN INDUSTRIES | 66 |
52 | 92 |
66 | 102 |
THE CONSEQUENCES OF UNDESIRED EXCESS CAPACITY | 127 |
THE JOINT STOCK SYSTEM AND THE MODERN CAPITAL | 138 |
The ratio of capital to output | 187 |
107 | 190 |
The turning point of capital accumulation | 191 |
THE LONGRUN THEORY OF INVESTMENT | 192 |
A model of longrun growth | 196 |
the case of constant utilisation | 207 |
variable utilisation | 211 |
KARL MARX AND THE ACCUMULATION OF CAPITAL | 228 |
A priori reasons for a decline in share yields | 145 |
Data relating to the development of Joint Stock Companies | 148 |
The net effect of the joint stock system | 153 |
Effects on the maldistribution of funds | 155 |
the rate of profit fall? | 169 |
Gross and net capital | 175 |
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Common terms and phrases
adjustment amount assume assumption business capital capital accumulation capital intensity capital stock capitalists cent considerable constant Das Kapital debt decline degree of utilisation depreciation determined differential distribution cost dividends economic effect entrepreneurs equation equipment excess capacity explain factors fall funds greater gross capital gross profit margins growth of capital imperfect competition important increase influence internal accumulation investment Kuznets labour level of utilisation limit long run manufacturing marginal firms marginal producer margins at given Marx moving averages national income net profit margin normal profits obtained oligopolistic oligopolistic industries oligopoly period positive possible price cutting profit rate proportion rate of growth rate of profit ratio of capital real wages reciprocal gearing ratio reduced relation relative rise selling costs selling methods share issues share of wages steel surplus value Table tendency theory total savings trend utilisation of capacity value added WAGES IN VALUE yield