Read e-book online Accumulation on a World Scale: A Critique of the Theory of PDF

By Samir Amin

ISBN-10: 0853452725

ISBN-13: 9780853452720

Samir Amin has undertaken an formidable job: not anything below an research of the method of capital accumulation on a world point. Drawing on a variety of empirical fabric from Africa and the center East, Amin makes an attempt to illustrate, via a critique of writings on "underdevelopment," how accumulation in complicated capitalist international locations prevents improvement, notwithstanding that could be outlined, in the peripheral social formations, frequently known as "underdeveloped" nations. Samir Amin ranks between those that discover the need now not only to appreciate the turning out to be drawback of worldwide capitalism, because it manifests itself inside person kingdom states, but additionally on the international level.

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Extra resources for Accumulation on a World Scale: A Critique of the Theory of Underdevelopment. (2 Volumes)

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215, David Porter in Caginalp et al. (2002), p. 40, or Roll (2005), p. 8. Keynes (1930), p. 67. , Hicks (1962), Miller (1965), or Lippman/McCall (1986) offer extensive discussions on the precise meaning of the Keynes’ liquidity definition. 1 Definition of Liquidity 11 Table 1-1: Definitions of liquidity on the internet5 • • • • • • • • • • • • • 5 The ease with which an asset can be turned into cash. com/im/glossary/ …ability to buy or sell an asset quickly and in large volume without substantially affecting the asset's price.

Com) on 20th January 2006 after entering the search term „define: liquidity”. Links may be subject to change. 12 Chapter 1: The Concept of Liquidity • • • • • • • • • • • • • • Refers to an investor's ability to sell an investment as a means of payment or easily convert it to cash without risk of loss of nominal value. htm The ability of an individual or business to quickly convert assets into cash without incurring a considerable loss. htm Measure of a firm's ability to quickly convert assets into cash.

1. See Moorthy (2003), p. 30. 16 They correspond with the characteristics of markets which determine the possibilities of closing any transaction at any time without moving the prices, and also reflect three different possible sources of illiquidity. Although widely used, these terms are often understood in slightly different ways. Garbade (1982, p. 420) defines market breadth as the situation in which “there exist orders, either actual or easily uncovered, both above and below the price at which a security is actually trading”17; Kyle (1985, p.

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Accumulation on a World Scale: A Critique of the Theory of Underdevelopment. (2 Volumes) by Samir Amin

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