Hobsbawm, Eric, on falling profit rates in 1 9th century 69
Hobson, J A 292; finance capital and imperialism 92; his alternative to imperialism 184
Hodgson, Geoff 48
Holloway, John, on instant mobility of capital 258
Holy Grail of economics 9, 145
Hong Kong 242
Hong Kong and Shanghai Banking Corporation 255
Hoover, Herbert 144
Horvat, Branko, quoted 178
Howe, Geoffrey, budget of 1979 193
Human capital 128
Hungary, revolution of 1956 207
Husson, Michel 299
Hutton, Will 163; and short-termism 294; on superiority of Japanese model 211
International capitalist class, theory of 268
IMF 230, 231; austerity packages and Asian crisis 242; quoted in favour of growth of Third World debt, 1980 220; IMF/World Bank debt relief programmes 220
Immigration controls, reasons for 173
Imperialism, and end of first Great Depression 97; and export of capital 98; and rate of profit 102; classical theory of 93-99; common criticisms of 96; defence of 96-97; weaknesses in Lenin's theory 97-98; Rosa Luxemburg's theory 99; Imperialism and World Economy (Nicolai Bukharin) 95; and economic development, Lenin's position 1 87; without formal empires184-5
Imperialism, the highest stage of capitalism (V. I. Lenin) 93
Imports, of developed countries from developing countries 263
Import-substitutionist model of development, 218; see also Developmentalist ideology, Dependency theories
Incomes, in late 1920s US 146
India 17; under Nehru, not neocolony 185; economic growth 1950-81 189; per capita growth in 1960s 189; economic stagnation in 1970s 218; economy in 1990s and early 2000s 251-2; rate of accumulation since reforms 251; employment in industrial sector 252; informal employment 339; fall in real wages in organised sector in 1990s 340; pay in organised and unorganised sectors 340; inequality today 251; pavement dwellers and working class 342-3; agricultural output 189; much less important to world system than China today 251
Indonesia 185, 242; crisis of 1997-8
224, 351; anti-Chinese riots in 345
Industrial countries economic growth in 1980s and 1990; against IMF forecasts 224
Industrial capital, relative immobility of 241
Industrial complexes 109, 259
Industrial concentration across national borders 256
Industrial firms turn to finance in 1990s 284
Inflation, in mid 1970s 191; inflation barrier 204; hidden inflation 179, 204
Informal employment, in Latin America, India, China 339
Innovation, technical, and long boom 165
Instability, global 325
Intellectual property rights, and role of state 265
Interdependence between states and capitals 112
Interest rates, raised by Volcker 296; cut by Volcker 297; real in 1990s and early 2000s 297; and interests of finance 287-8; slashed to deal with credit crunch 277
Inter-imperialism rivalries, and Cold War 180, 181, 182
International Energy Agency, and "immanent oil crunch" 318
International Socialism 16
International trade, growth 1950-2007 255
412
Index