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Corporate Capital: Control, Ownership, Saving and Crisis

Corporate Capital: Control, Ownership, Saving and Crisis

4654171
2523 руб.
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Описание
This book looks at the role of the modern corporation in advanced capitalist countries. In particular it considers corporate control and shareownership and the impact of these on consumers' choice, the mobilization of financial capital, the saving function, and the question of the potentially inherent tendency towards stagnation and crisis.
The author suggests that there is a tendency towards social ownership of the means of production in modern capitalist economies, directly via share purchase and indirectly via. e.g., occupational pension funds, while at the same time control and appropriation remain vested in a small minority. This is shown to affect financial capital accumulation and the saving function, since the competition between giant corporations encourages their controllers to increase corporate saving above the level desired by small shareholders who are suggested to be unable fully to compensate for such increases by their actions. Consumers' expenditure will then tend to decline secularly, which in turn will put limits to potential increases in profit rates and investment by lowering output and capacity utilization. 'Excess saving' will result which, combined with the existing deficiencies in effective demand, will induce firms to look lor overseas markets. All these tendencies can be found in the experience of stagnation and crisis of the advanced capitalist economies.

Формат: 15 см x 23 см.