Endless Accumulation, Limits to Growth, and the Tendency for the Rate of Profit to Fall

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World Review of Political Economy

Volume 7, Issue 2

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Endless Accumulation, Limits to Growth, and the Tendency for the Rate of Profit to Fall

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Author(s): Minqi Li

Publication date (Print): Summer 2016

Journal: World Review of Political Economy

Publisher: Pluto Journals

Keywords: profit rate, accumulation, crisis, the US economy, the Chinese economy

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Journal ID (doi): 10.13169

Journal ID (publisher-id): worlrevipoliecon

Title: World Review of Political Economy

Publisher: Pluto Journals

ISSN (Print): 2042891X

ISSN (Electronic): 20428928

Publication date (Print): Summer 2016

Volume: 7

Issue: 2

Pages: 162-181

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Publisher ID: worlrevipoliecon.7.2.0162

DOI: 10.13169/worlrevipoliecon.7.2.0162

SO-VID: 11477b7c-a740-4dc8-9da9-2e44766c7178

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References

BEA (US Bureau of Economic Analysis). 2015a. “Fixed Assets Tables.” Accessed May 31, 2015. http://www.bea.gov/iTable/index_FA.cfm.
BEA (US Bureau of Economic Analysis). 2015b. “International Transactions, International Services, and International Investment Position Tables: International Transactions.” Accessed May 31, 2015. http://www.bea.gov/iTable/index_ita.cfm.
BEA (US Bureau of Economic Analysis). 2015c. “International Transactions, International Services, and International Investment Position Tables: Net International Investment Position.” Accessed May 31, 2015. http://www.bea.gov/iTable/index_ita.cfm.
BEA (US Bureau of Economic Analysis). 2015d. “The National Income and Product Account Historical Tables.” Accessed May 31, 2015. http://www.bea.gov/iTable/index_nipa.cfm.
Carter, B. S., S. S. Gartner, M. R. Haines, A. L. Olmstead, R. Sutch, and G. Wright, eds. 2006. Historical Statistics of the United States: Earliest Times to the Present . New York: Cambridge University Press.
Devine, J. N. 1987. “An Introduction to Radical Theories of Economic Crises.” In The Imperiled Economy: Macroeconomics from a Left Perspective , Book 1, edited by R. Cherry and T. R. Michl, 19–32. New York: Monthly Review Press.
Dumenil, G., and D. Levy. 1993. The Economics of the Profit Rate: Competition, Crises and Historical Tendencies in Capitalism . Brookfield, VT: Edward Elgar.
Federal Reserve (The US Federal Reserve Statistical Release). 2015. “Financial Accounts of the United States, Historical Data.” Accessed May 31, 2015. http://www.federalreserve.gov/releases/z1/Current/data.htm.
Foster, J. B. 2011. “Capitalism and Degrowth: An Impossibility Theorem.” Monthly Review 62 (8): 26–33.
Foster, J. B., and M. D. Yates. 2014. “Piketty and the Crisis of Neoclassical Economics.” Monthly Review 66 (6): 1–24.
Giovannoni, O. 2014. “What Do We Know about the Labor Share and the Profit Share? Part III: Measures and Structural Factors.” Levy Economics Institute of Bard College, working paper, no. 805, May. Accessed May 31, 2015. http://www.levyinstitute.org/pubs/wp_803.pdf.
Gordon, R. 2012. “Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds.” NBER working paper, no. 18315. Accessed May 31, 2015. http://www.nber.org/papers/w18315.
Gordon, R. 2014a. “A New Method of Estimating Potential Real GDP Growth: Implications for the Labor Market and the Debt/GDP Ratio.” NBER working paper, no. 20423. Accessed May 31, 2015. http://www.nber.org/papers/w20423.
Gordon, R. 2014b. “US Economic Growth Is Over: The Short Run Meets the Long Run.” In Think Tank 20 Report: Growth, Convergence, and Income Distribution—The Road from the Brisbane G-20 Summit . Accessed May 31, 2015. http://www.brookings.edu/∼/media/Research/Files/Interactives/2014/thinktank20/chapters/tt20-united-states-economic-growth-gordon.pdf?la=en.
Hart-Landsberg, M., and P. Burkett. 2005. China and Socialism: Market Reforms and Class Struggle . New York: Monthly Review Press.
Maddison, A. 2010. “Statistics on World Population, GDP, and Per Capita GDP, 1–2008 AD.” Accessed May 31, 2015. http://www.ggdc.net/MADDISON/oriindex.htm.
Magdoff, F., and J. B. Foster. 2010. “What Every Environmentalist Needs to Know about Environment.” Monthly Review 61 (10): 1–30.
Marx, K. (1894) 1967. Capital: A Critique of Political Economy , vol. III. The Process of Capitalist Production as a Whole . New York: International Publishers.
NBS (National Bureau of Statistics, People's Republic of China). 2015 and earlier years. China Statistical Yearbook . Various Issues. Accessed May 31, 2015. http://www.stats.gov.cn/tjsj/ndsj/.
Piketty, T. 2015. Capital in the Twenty-First Century . Cambridge, MA: The Belknap Press of Harvard University Press.
UN (United Nations). 2012. World Population Prospects: The 2012 Revision . United Nations, Department of Economic and Social Affairs. Accessed May 31, 2015. http://esa.un.org/wpp/.
Wallerstein, I. 1998. Utopistics, or, Historical Choices of the Twenty-First Century . New York: The New Press.
World Bank. 2015. World Development Indicators . Accessed May 31, 2015. http://data.worldbank.org/data-catalog/world-development-indicators.

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[1] BEA (US Bureau of Economic Analysis). 2015a. “Fixed Assets Tables.” Accessed May 31, 2015. http://www.bea.gov/iTable/index_FA.cfm.

[2] BEA (US Bureau of Economic Analysis). 2015b. “International Transactions, International Services, and International Investment Position Tables: International Transactions.” Accessed May 31, 2015. http://www.bea.gov/iTable/index_ita.cfm.

[3] BEA (US Bureau of Economic Analysis). 2015c. “International Transactions, International Services, and International Investment Position Tables: Net International Investment Position.” Accessed May 31, 2015. http://www.bea.gov/iTable/index_ita.cfm.

[4] BEA (US Bureau of Economic Analysis). 2015d. “The National Income and Product Account Historical Tables.” Accessed May 31, 2015. http://www.bea.gov/iTable/index_nipa.cfm.

[5] Carter, B. S., S. S. Gartner, M. R. Haines, A. L. Olmstead, R. Sutch, and G. Wright, eds. 2006. Historical Statistics of the United States: Earliest Times to the Present . New York: Cambridge University Press.

[6] Devine, J. N. 1987. “An Introduction to Radical Theories of Economic Crises.” In The Imperiled Economy: Macroeconomics from a Left Perspective , Book 1, edited by R. Cherry and T. R. Michl, 19–32. New York: Monthly Review Press.

[7] Dumenil, G., and D. Levy. 1993. The Economics of the Profit Rate: Competition, Crises and Historical Tendencies in Capitalism . Brookfield, VT: Edward Elgar.

[8] Federal Reserve (The US Federal Reserve Statistical Release). 2015. “Financial Accounts of the United States, Historical Data.” Accessed May 31, 2015. http://www.federalreserve.gov/releases/z1/Current/data.htm.

[9] Foster, J. B. 2011. “Capitalism and Degrowth: An Impossibility Theorem.” Monthly Review 62 (8): 26–33.

[10] Foster, J. B., and M. D. Yates. 2014. “Piketty and the Crisis of Neoclassical Economics.” Monthly Review 66 (6): 1–24.

[11] Giovannoni, O. 2014. “What Do We Know about the Labor Share and the Profit Share? Part III: Measures and Structural Factors.” Levy Economics Institute of Bard College, working paper, no. 805, May. Accessed May 31, 2015. http://www.levyinstitute.org/pubs/wp_803.pdf.

[12] Gordon, R. 2012. “Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds.” NBER working paper, no. 18315. Accessed May 31, 2015. http://www.nber.org/papers/w18315.

[13] Gordon, R. 2014a. “A New Method of Estimating Potential Real GDP Growth: Implications for the Labor Market and the Debt/GDP Ratio.” NBER working paper, no. 20423. Accessed May 31, 2015. http://www.nber.org/papers/w20423.

[14] Gordon, R. 2014b. “US Economic Growth Is Over: The Short Run Meets the Long Run.” In Think Tank 20 Report: Growth, Convergence, and Income Distribution—The Road from the Brisbane G-20 Summit . Accessed May 31, 2015. http://www.brookings.edu/∼/media/Research/Files/Interactives/2014/thinktank20/chapters/tt20-united-states-economic-growth-gordon.pdf?la=en.

[15] Hart-Landsberg, M., and P. Burkett. 2005. China and Socialism: Market Reforms and Class Struggle . New York: Monthly Review Press.

[16] Maddison, A. 2010. “Statistics on World Population, GDP, and Per Capita GDP, 1–2008 AD.” Accessed May 31, 2015. http://www.ggdc.net/MADDISON/oriindex.htm.

[17] Magdoff, F., and J. B. Foster. 2010. “What Every Environmentalist Needs to Know about Environment.” Monthly Review 61 (10): 1–30.

[18] Marx, K. (1894) 1967. Capital: A Critique of Political Economy , vol. III. The Process of Capitalist Production as a Whole . New York: International Publishers.

[19] NBS (National Bureau of Statistics, People's Republic of China). 2015 and earlier years. China Statistical Yearbook . Various Issues. Accessed May 31, 2015. http://www.stats.gov.cn/tjsj/ndsj/.

[20] Piketty, T. 2015. Capital in the Twenty-First Century . Cambridge, MA: The Belknap Press of Harvard University Press.

[21] UN (United Nations). 2012. World Population Prospects: The 2012 Revision . United Nations, Department of Economic and Social Affairs. Accessed May 31, 2015. http://esa.un.org/wpp/.

[22] Wallerstein, I. 1998. Utopistics, or, Historical Choices of the Twenty-First Century . New York: The New Press.

[23] World Bank. 2015. World Development Indicators . Accessed May 31, 2015. http://data.worldbank.org/data-catalog/world-development-indicators.

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Endless Accumulation, Limits to Growth, and the Tendency for the Rate of Profit to Fall

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