The Long Depression: How It Happened, Why It Happened & What Happens Next

The Long Depression: How It Happened, Why It Happened & What Happens Next

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Setting out from an unapologetically Marxist perspective, The Long Depression argues that the global economy remains in the throes of a depression. Making the case that the profitability of capital is too low, and the debt built up before the Great Recession too high, leading radical economist Michael Roberts persuasively presents his case that this depression will persist until the profitability of capital is restored through yet another slump.