The end of prosperity : the American economy in the 1970s /
by Harry Magdoff and Paul M. Sweezy.
- New York : Monthly Review Press, 1977.
- vii, 136 pages ; 21 cm.
Ten essays from Monthly Review magazine from May 1973 to April 1977.
The dollar crisis, what next? -- A note on inflation -- Keynesian chickens come home to roost -- Banks, skating on thin ice -- The economic crisis in historical perspective, part I -- The economic crisis in historical perspective, part II -- Capitalism and unemployment -- Capital shortage: fact and fancy -- Creeping stagnation -- Keynesianism: illusions and delusions.
"By 'the end of prosperity' we mean the end of the long period from the 1940s to the early 1970s during which capital accumulation on a global scale proceeded with unwonted and perhaps even unprecedented vigor. The period was characterized by what were, measured by historical standards, relatively long cyclical upswings and mild recessions. We are now several years into a new period of sluggish capital accumulation, unemployment in the advanced capitalist countries on a scale not seen since the 1930s, and rising political tensions in both the imperialist center and the colonial/neocolonial periphery of the world system." -- From the preface.