Is Over-investment the Cause of the Post-2007 US Economic Crisis?

被引:2
作者
Bakir, Erdogan [1 ]
Campbell, Al [2 ]
机构
[1] Bucknell Univ, Econ, Lewisburg, PA 17837 USA
[2] Univ Utah, Econ, Salt Lake City, UT 84112 USA
关键词
over-investment; Marxian crisis theory; neoliberalism; Great Recession; business cycle; UNITED-STATES; PROFIT;
D O I
10.1177/0486613415584575
中图分类号
F [经济];
学科分类号
02 ;
摘要
A significant number of left political economists hold that the U.S. Great Recession and subsequent lethargic performance are a crisis of over-capacity that resulted from over-investment. Kotz (2011, 2013) has recently attempted to provide empirical support for this position. Despite sharing an understanding of the crisis very similar to his, the authors find in this paper that a careful examination of his evidence does not support considering this to be a crisis of over-investment.
引用
收藏
页码:550 / 557
页数:8
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