The Golden Age of Capitalism: Reinterpreting the Postwar Experience
Stephen A. Marglin, Juliet Schor
Clarendon Press, 1990 - Capitalism - 324 pages
This historical/theoretical work presents essays that examine the institutions that fostered sustained growth and high employment after World War II, and the forces which undermined the effectiveness of these institutions in the 1960s and 70s. Contributors include A. Glyn, A. Hughes, A. Lipietz, A. Singh, G. Epstein, J. Schor, S. Marglin, A. Bhaduri, S. Bowles, R. Boyer, R. Rowthorn, and M. Aoki.
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accumulation aggregate demand average bargaining Bretton Woods system capacity utilization capital stock capitalist cent p.a. central bank changes Chapter cost of job-loss decline deficits dollar economic effect equilibrium Europe exchange rate exhilarationist exports finance firm France full employment function Germany golden age growth rate high employment important income increase industrial employment inflation investment demand Italy Japan Japanese Keynesian labour force labour market labour productivity labour-extraction level of employment macroeconomic macroeconomic structure margins ment monetary policy Norway OECD OECD countries oil shock OPEC output output/capital ratio participation rate period ployment post-war prime manufacturer problem product wages productivity growth profit rate profit share profit squeeze rate of growth rate of profit real wages relative result rise rules of co-ordination saving schedule sector slow-down stagnationist surplus Sweden Switzerland system of production Table theory tion trade unem unemployment rate United wage share workers