The Great Financial Meltdown
Systemic, Conjunctural or Policy Created?
PART I INTRODUCTION
1. The Crisis in Context
2. Roots of the Current Economic Crisis: Capitalism, Forms of Capitalism, Policies, and Contingent Events
David M. Kotz
PART II CRISIS AND PROFITABILITY
3. Crisis Theory and the Falling Rate of Profit
4. Monocausality and Crisis Theory – A Reply to David Harvey
5. Booms, Depressions, and the Rate of Profit: A Pluralist, Inductive Guide
PART III THE CRISIS IN ECONOMIC AND SOCIAL REPRODUCTION
6. A Global Approach to the Global Financial Crisis
7. The Incubator of the Great Meltdown of 2008: The Structure and Practices of US Neoliberalism as Attacks on Labor
Al Campbell and Erdogan Bakir
8. The Value of History and the History of Value
9. The Systemic Failings in Framing Neo-Liberal Social Policy
10. The Policy-Based and Conjunctural Causes of the 2008 Crisis
11. The Systemic Causes of the 2008 Crisis – An Alternative Theoretical Perspective
PART IV CRISIS AND FINANCE
12. Inequality, Money Markets and Crisis
13. The Crisis of Finance and the Crisis of Accumulation: It Was Not a ‘Lehman Brothers Moment’
14. Contradictions of Capital Accumulation in the Age of Financialization
15. Which Crisis, of Which Capitalism? A Marxian and Financial Keynesian Interpretation of Neoliberalism and the Great Recession
16. The Contested Nature of Financialization in Emerging Capitalist Economies
Annina Kaltenbrunner and Elif Karacimen.
PART V THE CRISIS UNFOLDS
17. The Greek Crisis: Structural or Conjunctural?
Stavros D. Mavroudeas
18. Greece, Global Fault-lines and the Disintegrative Logics of Germany’s Primacy in Europe.
Vassilis K. Fouskas
– Robert Pollin, University of Massachusetts-Amherst, US‘This book offers fresh insights across the ultimate causes and the long-term implications of the current crisis. It also critically examines the policy alternatives currently on the table, advancing constructive forms of engagement both among the heterodoxy, and with mainstream economics. There is simply no better starting-point to understand the ongoing predicament of advanced as well as “emerging” economies.’
– Alfredo Saad-Filho, SOAS, University of London, UK