Author: David Harvey
Edition: 2
Publisher: Oxford University Press, USA
Binding: Paperback
ISBN: 0199836841
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The Enigma of Capital: and the Crises of Capitalism
For over forty years, David Harvey has been one of the world's most trenchant and critical analysts of capitalist development.The Enigma of Capital review. In The Enigma of Capital, he delivers an impassioned account of how unchecked neoliberalism produced the system-wide crisis that now engulfs the world.
Beginning in the 1970s, profitability pressures led the capitalist class in advanced countries to shift away from investment in industrial production at home toward the higher returns that financial products promised. Accompanying this was a shift towards privatization, an absolute decline in the bargaining power of labor, and the dispersion of production throughout the developing world. The decades-long and ongoing decline in wages that accompanied this turn produced a dilemma: how can goods--especially real estate--sell at the same rate as before if workers are making less in relative terms? The answer was a huge expansion of credit that fueled the explosive growth of both the financial industry and the real estate marketRead full reviews of The Enigma of Capital: And the Crises of Capitalism.
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The Enigma of Capital: And the Crises of Capitalism: David Harvey
For over forty years, David Harvey has been one of the world's most trenchant and critical analysts of capitalist development. In The Enigma of Capital, he delivers an impassioned account of how unchecked neoliberalism produced the system-wide crisis that now engulfs the world. Beginning in the 1970s, profitability pressures led the capitalist class in advanced countries to shift away from investment in industrial production at home toward the higher returns that financial products promised. Accompanying this was a shift towards privatization, an absolute decline in the bargaining power of lab
author david harvey format paperback language english publication year 14 04 2011 subject management business economics industry subject 2 economics professional general the enigma of capital and the crises of capitalism harvey david new condition paperback payment shipping rates returns the enigma of capital and the crises of capitalism condition new author harvey david isbn binding paperback pages 320 publisher profile books if you require more copies of a title than we have listed please cont
The Enigma of Capital: and the Crises of Capitalism, ISBN-13: 9780199758715, ISBN-10: 0199758719
Store Search search Title, ISBN and Author The Enigma of Capital: And the Crises of Capitalism by David Harvey Estimated delivery 3-12 business days Format Paperback Condition Brand New Author Biography Harvey is Distinguished Professor of Anthropology at the City University of New York Graduate Center. Details ISBN 0199836841 ISBN-13 9780199836840 Title The Enigma of Capital: And the Crises of Capitalism Author David Harvey Format Paperback Pages 320 Edition 2nd Publisher Oxford University Pre
The Enigma of Capital Reviews
In The Enigma of Capital, he delivers an impassioned account of how unchecked neoliberalism produced the system-wide crisis that now engulfs the world.
Beginning in the 1970s, profitability pressures led the capitalist class in advanced countries to shift away from investment in industrial production at home toward the higher returns that financial products promised. Accompanying this was a shift towards privatization, an absolute decline in the bargaining power of labor, and the dispersion of production throughout the developing world. The decades-long and ongoing decline in wages that accompanied this turn produced a dilemma: how can goods--especially real estate--sell at the same rate as before if workers are making less in relative terms? The answer was a huge expansion of credit that fueled the explosive growth of both the financial industry and the real estate market. When one key market collapsed--real estate--the other one did as well, and social devastation resulted.
Harvey places today's crisis in the broadest possible context: the historical development of global capitalism itself from the industrial era onward. Moving deftly between this history and the unfolding of the current crisis, he concentrates on how such crises both devastate workers and create openings for challenging the system's legitimacy. The battle now will be between the still-powerful forces that want to reconstitute the system of yesterday and those that want to replace it with one that prizes social justice and economic equality. The new afterword focuses on the continuing impact of the crisis and the response to it in 2010.
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