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contradictions in 1 98-9\n\nPigou, Arthur Cecil 145\n\nPlaza Accord of 1985 214, 266\n\nPoland, crises of 1970s and 1980s 206-7; 1980-8 1, 351; significance for whole Eastern bloc 206-7\n\nPolarisation of classes 87\n\n\"Political capitalists\" 1 15\n\nPolitical Economy of Growth, The (Paul Baran) 186\n\nPollution, in 19th century 307\n\nPonzi schemes 64, 283\n\nPortugal 218\n\nPosco 242\n\nPost industrial society, theories of 331, 332\n\nPoverty, in China in early 2000s 245; in India in 1990s and early 2000s 252; in USSR in late 1980s 208\n\nPravda on unemployment in USSR 208\n\nPrebisch, Raoul 186\n\nPrecarious jobs, real levels in Western Europe, 336-7\n\nPreobrazhensky, Evgeny 159; on slump of 1930s 153; impact of world crisis on USSR 158\n\nPrescott, Edward C, on failure to understand cause of slump of 1930s 9; on Japanese crisis of 1990s 215\n\nPrice signals and climate change 311\n\nPrice and values 46; deviations from values 87\n\nPrimitive accumulation 39-40, 132, 258-9; and slavery 40; in USSR 176; China 245\n\nPrimitive communism 21\n\nPrivate equity funds 279\n\nPrivatised Keynesianism 288\n\nProductive and unproductive labour, 121-6; distinction does not depend on physical form of output 121; and accumulation 125; and commerce 125; Kidron on 127; Carchedi on 12 7\n\nProductive capital 18, 107; twofold character of 108; and state 108; relative immobility of 107-8, 335; source of funds for banks 65; multinational, and rise of\n\nfinance 281\n\nProductive capitalists and credit 62-4\n\nProductive forces, can become destructive 81\n\nProductive labour, and dynamic of system as whole 125\n\nProductivity of labour, and rate of profit 73; Europe stops catching up with US in 1990s 239\n\nProfit margins, China mid 2000s 248\n\nProfit rate, theory of tendency to fall, Marx on centrality of theory 69; and crisis 75-78; countervailing tendencies 72; some Marxists critical of theory 69; Marxist theory after Marx 77; and state capitalism 201\n\nProfit rates, equalisation of 87; falling in mid 19th century 88; recovery in Britain in 1890s 88; before and after First World War 151; from 1970s to early 2000s 232; fall in, and attractiveness of financial investment 281; claims that they recovered sufficiently in 1 990s 299 and investment, in Japan 171\n\nProfitability, in China, and low international value of Yuan 289; and investment in low energy production 31 1-12\n\nProject for a New American Century and US hegemony 272\n\nProletarianisation of public sector employees 138\n\nProtectionism 145, 302; Hilferding's account of rise of 90\n\nProxy wars, typical of present period 269\n\nPublic expenditures and class struggle 138\n\nPublic works 216\n\n\"Pump priming\" and slump of 1930s 155\n\nPurchasing Power Parity 250\n\nQuantitative easing 301\n\nRaju, Ramalinga, India's \"Young Entrepreneur of the Year\" 287\n\nRate of profit, and productivity of labour 73 and imperialism 102; and investment 76; effect of arms expenditure on 131; and turnover time of capital 235; under state capitalism 1 1 7-119; in long boom and after 164, 195-7; and end of long boom 200; and Japanese crisis of 1990s 216; and restructuring through crisis 232; in China in 1990s and early 2000s, estimates 248; and wages and crisis 76\n\n418\n\nIndex","previous_page":417,"next_page":419}