Home » Publications » Ascension Mejorado and Manuel Roman Publish Profitability and the Great Recession

Ascension Mejorado and Manuel Roman Publish Profitability and the Great Recession

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Editors at GLSNC

Together with Manuel Roman, Global Liberal Studies professor Ascension Mejorado has published Profitability and the Great Recession: The Role of Accumulation Trends in the Financial Crisis (Routledge, 2013). The book examines investment from the mid-1980s and beyond, “when investors in the US increasingly directed capital towards the financial sector at the expense of non-financial sectors, lured by the perception of higher profits. This flow of capital inflated asset prices, creating the stock market and housing bubbles which burst when the imbalance between stagnant incomes and rising debts triggered the banking meltdown. Profitability and the Great Recession analyzes these trends in profitability and capital accumulation, which the authors identify as the root cause of the financial crisis, in the context of the US and other major OECD countries.” Profitability and the Great Recession: The Role of Accumulation Trends in the Financial Crisis is part of the Routledge Frontiers of Political Economy series.

 

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