Erdogan Bakir, Associate Professor of Economics
This paper uses the rate of profit to address the issue of structural changes in class relationships and the process of capital accumulation that occurred under neoliberalism. I take a long-term class perspective and show that changing class relationships along with the financialization of the economy beginning in early 1980s progressively set the stage for the crisis of 2007-2009.
Bakir, Erdogan. “Capital Accumulation, Profitability, and Crisis: Neoliberalism in the United States.” Review of Radical Political Economics 47, no. 3 (2015) : 389-411.