The Deepening Crisis of U.S. Capitalism

Authors

  • Paul M. Sweezy
  • Harry Magdoff

DOI:

https://doi.org/10.14452/MR-033-05-1981-09_1

Keywords:

Political Economy

Abstract

There was a time not so long ago when only radical critics talked about the long wave of post-Second World War prosperity coming to an end. The business and financial community and its experts could see only endless prosperity, at the very least a continuation of the trends established in the 25 years between 1945 and 1970, interrupted on occasion by minor recessions. In fact, in the very years when signs of the waning of prosperity abounded, orthodox economists kept on boasting about the power of their New Economics, assisted by elaborate econometric models and some ideas borrowed from Keynes, to keep business rollicking along.

Published

1981-10-01

Issue

Section

Review of the Month