Keynesian Chickens Come Home to Roost

Authors

  • Paul M. Sweezy
  • Harry Magdoff

DOI:

https://doi.org/10.14452/MR-025-11-1974-04_1

Keywords:

Political Economy

Abstract

As we have argued many times in these pages, the monopoly capitalist economy is always in danger of sinking into a state of deep stagnation. The basic reason is that capitalists seek to keep the wages and hence the purchasing power of workers at a minimum, while expanding their capital as rapidly as possible.

Published

1974-04-01

Issue

Section

Review of the Month