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Literatur zur Politischen Ökonomie
Folgende Dokumente wurden in der Mehrwert & Co. Datenbank gefunden:
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1. Aufsatz
Dokument in die Merkliste Dokument in den Download-Korb
Referenz:
Kotz (2011): Over-Investment and the Economic Crisis of 2008
stabile URL:
www.pol-oek.de/objekt_start.fau?prj=poloeklit&zeig=10181
im Mehrwert & Co Archiv als:
PDF
aus dem Mehrwert & Co. Archiv:
Verf./Hrsg./KS:
Titel:
Over-Investment and the Economic Crisis of 2008
in:
Jahr:
2011
Jg.:
2
H.:
1
pp.:
5-25
s. Dokument:
Deskribierung:
Inhalt:
This article criticizes the view that the financial sector crisis of 2008 was the primary cause of the real sector crisis. It argues that the real sector economic crisis in the US can be understood as a crisis of over-investment. Theover-investment crisis tendency is explained and a method of empirically identifying an over-investment crisis is proposed. The article analyzes the decline in the rate of profit in the US prior to the crisis, from 2004 to 2007, and the movements ofthe determinants of the rate of profit during that period, to show which underlying factors led to the profit rate decline. The article also examines the components of aggregate demand for the period 2001–10. The results of the analysis suggest thatthis crisis should be considered as a case of asset-bubble induced over-investment, which both depressed the rate of profit and eventually caused a sharp fall in aggregate demand.


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