The Long-Run Decline in Liquidity

Authors

  • Paul M. Sweezy
  • Harry Magdoff

DOI:

https://doi.org/10.14452/MR-022-04-1970-08_1

Keywords:

Political Economy

Abstract

In most respects the current economic recession has closely resembled previous post-Second World War recessions. As usual the major immediate factor at work has been a decline in private investment, and also as usual the most volatile component of private investment has been investment in inventories.

Published

1970-09-01

Issue

Section

Review of the Month