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Is Over-investment the Cause of the Post-2007 U.S. Economic Crisis?1.
- Source :
-
Review of Radical Political Economics . Winter2015, Vol. 47 Issue 4, p550-557. 8p. - Publication Year :
- 2015
-
Abstract
- A significant number of left political economists hold that the U.S. Great Recession and subsequent lethargic performance are a crisis of over-capacity that resulted from over-investment. Kotz (2011, 2013) has recently attempted to provide empirical support for this position. Despite sharing an understanding of the crisis very similar to his, the authors find in this paper that a careful examination of his evidence does not support considering this to be a crisis of over-investment. [ABSTRACT FROM AUTHOR]
- Subjects :
- *FINANCIAL crises
*INVESTMENTS
*MARXIAN economics
*NEOLIBERALISM
*BUSINESS cycles
Subjects
Details
- Language :
- English
- ISSN :
- 04866134
- Volume :
- 47
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Review of Radical Political Economics
- Publication Type :
- Academic Journal
- Accession number :
- 110562421
- Full Text :
- https://doi.org/10.1177/0486613415584575