Kliman - The Failure of Capitalist Production

The Failure of Capitalist Production

First published 2012 by Pluto Press
345 Archway Road, London N6 5AA

www.plutobooks.com

Distributed in the United States of America exclusively by
Palgrave Macmillan, a division of St. Martins Press LLC,
175 Fifth Avenue, New York, NY 10010

Copyright Andrew Kliman 2012

The right of Andrew Kliman to be identified as the author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act 1988.

British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library

ISBN 978 0 7453 3240 6 Hardback
ISBN 978 0 7453 3239 0 Paperback
Kindle ISBN 978 1 8496 4619 2
eISBN 978 1 8496 4620 8

Library of Congress Cataloging in Publication Data applied for

This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. Logging, pulping and manufacturing processes are expected to conform to the environmental standards of the country of origin.

10 9 8 7 6 5 4 3 2 1

Designed and produced for Pluto Press by Chase Publishing Services Ltd
Typeset from disk by Stanford DTP Services, Northampton, England
Simultaneously printed digitally by CPI Antony Rowe, Chippenham, UK and Edwards Bros in the United States of America

In memory of Ted Kliman (19292009) and Chris Harman (19422009)

For Jesse

For Anne

I thank everyone who provided expert advice on technical matters and everyone who offered comments on the papers, book reviews, talks, interviews, and draft manuscript that eventually turned into this book. I have benefited enormously from their feedback. It not only improved the book significantly but guided the direction of my research in crucial ways. I would like to thank each one by name, but unfortunately I cannot. Even were they not too numerous to list, they include many audience members and reviewers whose names I do not know. If you are among them, please know that the difference between what you originally read or heard and the ideas as they appear in the final text is a sign of my debt and gratitude to you.

I thank my departmental colleagues at Pace University, who have been very supportive of my research. I also thank the universitys Dyson College of Arts and Sciences, which granted me released time to pursue my research on profitability trends and provided a research grant that enabled me to purchase a supersized computer monitor. The monitor has made the work of data analysis much less onerous and more productive.

None of the book is a republication of previously published works of mine, but I have drawn freely on those listed below. I thank the following publishers for allowing me to do so: