Monthly Review, February 1st, 1993
To determine the causes of the current socio-economic crisis of the United States and to draw appropriate political conclusions, it is essential to understand how the system evolved toward its present condition. Accumulation and Power helps provide this understanding by showing how the development of corporate enterprises and the corresponding emergence of a class structure composed primarily of capitalists and wage laborers caused fundamental metamorphoses in the processes of competition, aggregate-demand determination, and state policy making. Richard Du Boff demonstrates that although thi...
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