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Monopoly Capitalism in Crisis

Monopoly Capitalism in Crisis by Bill Lucarelli
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Influenced by the seminal ideas of Keynes, Kalecki and Baran/Sweezy, Monopoly Capitalism in Crisis develops a succinct argument of the origins and causes of the contemporary global crisis. Keynes's original insights are woven into a grand synthesis with the "stagnationist" approach pioneered by Baran and Sweezy and are further reinforced by introducing Fisher's debt-deflation theory of great depressions and Minsky's financial instability hypothesis. The essential kernel of the argument is that under the mature stages of the evolution of monopoly capitalism and in the absence of powerful countervailing forces (ie, technical innovation, market expansion, etc), the natural tendency is towards economic stagnation. This conclusion is doubtless the very opposite of the neoliberal claim that the market economy tends toward full employment equilibrium in the long run.
Palgrave Macmillan; March 2004
201 pages; ISBN 9780230511705
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Title: Monopoly Capitalism in Crisis
Author: Bill Lucarelli
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