{"product_id":"long-waves-of-capitalist-development-a-marxist-interpretation-paperback","title":"Long Waves of Capitalist Development: A Marxist Interpretation - Paperback","description":"\u003cp\u003eby \u003cb\u003eErnest Mandel\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003eIn this revised and expanded edition of \u003ci\u003eLong Waves of Capitalist Development\u003c\/i\u003e, Ernest Mandel seeks to explain the underlying determinants of the booms and slumps of the trade cycle. Mandel first establishes that there have indeed been twenty- to twenty-five-year-long waves of capitalist expansion and contraction--and that these have persisted in the period since World War II. He then assembles evidence to show that while broad tendencies in the rate of profit have been decisive in triggering downturns, the ingredients necessary for a new upswing are, by contrast, generally political and extra-economic in character. He thereby demonstrates the falsity of neo-liberal doctrines, according to which the free market will itself generate a new formula for balanced and sustainable expansion. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003ci\u003eLong Waves of Capitalist Development\u003c\/i\u003e not only offers a penetrating analysis of the ills that have afflicted contemporary capitalist economies but also surveys, and takes forward, one of the classical debates of modern economic history.\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003cb\u003eErnest Mandel\u003c\/b\u003e (1923-95), historian, economist and activist, was a leading figure in the Fourth International from 1945 and was the author of a number of books, including \u003ci\u003eLate Capitalism, \u003c\/i\u003e \u003ci\u003eMarxist Economic Theory\u003c\/i\u003e, \u003ci\u003eLong Waves of Capitalist Development\u003c\/i\u003e, and \u003ci\u003eThe Meaning of the Second World War\u003c\/i\u003e.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 184\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.56 x 8.49 x 5.37 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e June 15, 2009\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42095531524231,"sku":"9781859840375","price":22.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0601\/2623\/2711\/files\/3ec2aebffd01bd2a5a3ebce5889c7a76.webp?v=1732332113","url":"https:\/\/booksby.splitshops.com\/products\/long-waves-of-capitalist-development-a-marxist-interpretation-paperback","provider":"Books by splitShops","version":"1.0","type":"link"}