Profitability and the Great Recession - Ascension (New York University Mejorado - Bog

This book presents an analysis of systemic trends in profitability and capital accumulation in the US and other major OECD countries leading up to the Great Recession of 2008. The authors conclude that the long-term falling accumulation trend in the non-financial corporate sector, highlighted by the bankruptcy of major automobile corporations, stands out as the underlying force that transformed the financial crisis into a fully-fledged Great Recession.