Marxism And The Global Financial Crisis

Author : Hillel Ticktin
Publisher : Routledge
Page : 182 pages
File Size : 43,9 Mb
Release : 2013-09-13
Category : Business & Economics
ISBN : 9781317985624

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Marxism and the Global Financial Crisis by Hillel Ticktin Pdf

The book discusses the nature of Marxist theory of crisis and applies it to the global financial crisis which began in 2007. Is the contemporary crisis simply the usual periodic upturn and downturn or is there something more fundamental? Is there a structural crisis of capitalism, from which there is no immediate solution? Is capitalism managed and does it have a strategy? Is the financial crisis representative of a failure in capitalism itself to subject banks and other financial institutions to the overall economy? The book discusses Marx’s view on crises, as well as ideas on money and finance. It considers the different modern Marxist ideas on the causes of crises – falling rate of profit, disproportionality and underconsumption. It goes into detail as to the nature of the present crisis, its course and causes in a spirited and independent manner. Apart from the United States, it considers the situation in the two countries, in which protests erupted: Iran and Greece. They are taken as examples of the effect of the crisis on the country, the society and the economy as well as its politics. This book was originally published as a special issue of Critique.

Author : Guiglelmo Carchedi,Michael Roberts
Publisher : Haymarket Books
Page : 507 pages
File Size : 46,8 Mb
Release : 2018-10-01
Category : Business & Economics
ISBN : 9781608461882

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World in Crisis by Guiglelmo Carchedi,Michael Roberts Pdf

Most mainstream economists view capitalism’s periodic breakdowns are nothing more than temporary aberrations from another wise unbroken path toward prosperity. For Marxists, this fundamental flaw has long been acknowledged as a central feature of the free market system. This groundbreaking volume brings together Marxist scholars from around the world to offer an empirically grounded defense of Marx’s law of profitability and its central role in explaining these capitalist crises. Gugliemo Carchedi has worked at the United Nations in New York and has taught at the University of Amsterdam. Michael Roberts has worked as an economist for over thirty years in the city of London financial center.

Author : Michael Roberts
Publisher : Haymarket Books
Page : 380 pages
File Size : 45,8 Mb
Release : 2016-09-01
Category : Business & Economics
ISBN : 9781608465071

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The Long Depression by Michael Roberts Pdf

Setting out from an unapologetic Marxist perspective, The Long Depression argues that the global economy remains in the throes of a depression. Making the case that the profitability of capital is too low, and the debt built up before the Great Recession too high, leading radical economist Michael Roberts persuasively presents his case that this depression will persist until the profitability of capital is restored through yet another slump.

Author : Kiichirō Yagi,Nobuharu Yokokawa,Shinjirō Hagiwara,Gary Dymski
Publisher : Routledge
Page : 354 pages
File Size : 48,6 Mb
Release : 2013
Category : Business & Economics
ISBN : 9780415687331

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Crises of Global Economies and the Future of Capitalism by Kiichirō Yagi,Nobuharu Yokokawa,Shinjirō Hagiwara,Gary Dymski Pdf

Recent events in the global financial markets and macro economies have served as a strong reminder for a need of a coherent theory of capitalist crisis and analysis. This book helps to fill the gap with well-grounded alternative articulations of the forces which move today's economic dynamics, how they interact and how ideas of foundational figures in economic theory can be used to make sense of the current predicament. The book presents a comprehensive collection of reflections on the origins, dynamics and implications of the interlinked crises of the U.S. and global economies. The book is a thoughtful collaboration between Japanese heterodox economists of the Japan Society of Political Economy (JSPE) and non-Japanese scholars. It provides a unique immersion in different, sophisticated approaches to political economy and to the crisis. The book illustrates with the understanding of Marx's crisis theory and how it can serve as a powerful framework for analyzing the contemporary sub-prime world crisis. The book explains the subprime loan crisis as a crisis in a specific phase of the capitalist world system and concludes that it is a structural one which destroys the existing capital accumulation regime. It pays attention to structural changes and to how these changes beget profound and controversial consequences. The result is a must-read - one which truly contributes to the resurgence of radical analyses of the political economy, free from the market optimism of the main-stream economics.

Author : Sven-Eric Liedman
Publisher : Verso Books
Page : 902 pages
File Size : 47,9 Mb
Release : 2018-04-17
Category : Biography & Autobiography
ISBN : 9781786635068

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A World to Win by Sven-Eric Liedman Pdf

Karl Marx has fascinated and inspired generations of radicals in the past 200 years. In this new, definitive biography, Sven-Eric Liebman makes his work live once more for a new generation. Despite 200 years having passed since his birth, his burning condemnation of capitalism remains of immediate interest. Now, more than ever before, Marx's texts can be read for what they truly are. In addition to providing a living picture of Marx the man, his life, and his family and friends - as well as his lifelong collaboration with Friedrich Engels - Sweden's leading intellectual historian Sven-Eric Liedman, in this major new biography, shows what Karl Marx the thinker and researcher really wrote, demonstrating that this giant of the nineteenth century can still exert a powerful attraction for the inhabitants of the twenty-first.

Author : Bill Dunn
Publisher : Routledge
Page : 188 pages
File Size : 46,7 Mb
Release : 2014-03-21
Category : Political Science
ISBN : 9781317751281

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The Political Economy of Global Capitalism and Crisis by Bill Dunn Pdf

The book provides a theoretically and historically informed analysis of the global economic crisis. It makes original contributions to theories of value, of crisis and of the state and uses these to develop a rich empirical study of the changing character of capitalism in the twentieth century and beyond. It defends, uses and develops Marxist theory while arguing particularly against jumping too quickly from abstract concepts to a concrete understanding of the crisis. Instead, it uses what Marx described in his notebooks as an ‘obvious’ analytical ordering to progress from a general analysis of economy and society to a discussion of recent economic transformations and the specifics of the crisis and its aftermath.Dunn argues that appropriately reconceived, a critical Marxism can incorporate and enrich rather than rejecting insights from other traditions. He disputes general characterisations of capitalism to the crisis and theories which see finance and the contemporary financial crises as largely detached from other aspects of the economy and society. Providing a thoroughly socialised and historically based account, this book will be vital reading for students and scholars of political economy, international political economy, Marxism, sociology, geography and development studies.

Author : Chris Harman
Publisher : Haymarket Books
Page : 426 pages
File Size : 51,9 Mb
Release : 2010
Category : Business & Economics
ISBN : 9781608461042

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Zombie Capitalism by Chris Harman Pdf

An incisive and devastating critique of capitalism, sounding the alarm that the system poses a threat to human well-being.

Author : Geoffrey Ingham
Publisher : John Wiley & Sons
Page : 296 pages
File Size : 51,5 Mb
Release : 2013-04-24
Category : Social Science
ISBN : 9780745641232

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Capitalism by Geoffrey Ingham Pdf

Now with a substantial new postscript on the financial crisis This book provides a basic introduction to the 'nuts and bolts' of capitalism. It starts by examining the classic accounts of capitalism found in the works of Adam Smith, Karl Marx, Max Weber, Joseph Schumpeter, and John Maynard Keynes. Each placed emphasis on different institutional elements of capitalism - Smith on the market's 'invisible hand'; Marx on capital's exploitation of labour; Weber on the foundations of economic rationality; and Schumpeter and Keynes on the instability that results from capitalism's essentially monetary and financial character. Drawing on these classic accounts, Ingham then offers a succinct analysis of capitalism's basic institutions and their interconnections. Market exchange, the monetary system, the enterprise, capital and financial markets, and the role of the state are dealt with in separate chapters which make use of contemporary material on the recent history of the capitalist system - including the great inflation of the 1970s and the neo-liberal backlash; the 'dot.com' bubble of the late 1990s; and the collapse of Enron and other US corporations. This revised version includes a substantial new postscript on the financial crisis of 2007-8 and its aftermath. The result is a concise, masterly and up-to-date account of the world's most powerful economic system, written in a way that is accessible to students and general readers alike.

Author : Stavros Mavroudeas
Publisher : Routledge
Page : 293 pages
File Size : 40,5 Mb
Release : 2014-07-25
Category : Business & Economics
ISBN : 9781317756132

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Greek Capitalism in Crisis by Stavros Mavroudeas Pdf

Despite the depth of the Greek crisis, the exorbitant burdens placed upon the working people and the massive popular resistance movement to capitalist policies, there is a definite lack of consistently Marxist analyses of the Greek problem. International debates regarding the Greek crisis have been dominated by orthodox (Neoclassical and neo-Keynesian) approaches. The heterodox side of these debates has been occupied by Radical Political Economy approaches (usually radical post-Keynesian or Marxo-Keynesian perspectives). Moreover, they are dominated by the ‘financialisation’ thesis which is quite alien to Marxism, neglects the sphere of production and professes that the global crisis is simply a financial crisis that has nothing to do with ‘real’ accumulation and the profit rate. This book argues that by emphasising the sphere of production and profitability, classical Marxist analysis better explains the Greek crisis than its orthodox and heterodox competitors. The contributors present critiques of the prevalent approaches and offer studies of the Greek crisis that use the methodology and the analytical and empirical tools of classical Marxist Political Economy. In particular, it is shown that the Greek crisis was caused by falling profitability and the ensuing overaccumulation crisis. The ‘broad unequal exchange’ existing between the euro-center and the euro-periphery contributed to Greek capital’s falling profitability. This book enriches the debate about the Greek economic crisis by demonstrating the insights that can be drawn by considering the Marxist alternative to the dominant mainstream and heterodox approaches.

Author : Murray E. G. Smith
Publisher : Unknown
Page : 179 pages
File Size : 45,5 Mb
Release : 2011
Category : Capitalism
ISBN : 9350021730

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Global Capitalism in Crisis by Murray E. G. Smith Pdf

"The world economy is currently experiencing a devastating slump not seen since the Second World War. Unemployment rates are skyrocketing and salaries are plummeting in the developed world, while astronomical food prices and starvation ravage the developing world. The crisis in global capitalism, Smith argues, should be understood as both a composite crisis of overproduction, credit and finance, and a deep-seated systemic crisis. Using Marx to analyze the origins, implications and scope of the current economic slump, this book argues that the crisis needs to be understood structurally, as the result of a system prone to crisis, rather than as an aberration."--Publisher's website.

Author : Dimitris P Sotiropoulos,John Milios,Spyros Lapatsioras
Publisher : Routledge
Page : 331 pages
File Size : 43,8 Mb
Release : 2013-06-19
Category : Business & Economics
ISBN : 9781135037918

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A Political Economy of Contemporary Capitalism and its Crisis by Dimitris P Sotiropoulos,John Milios,Spyros Lapatsioras Pdf

The recent financial meltdown and the resulting global recession have rekindled debates regarding the nature of contemporary capitalism. This book analyses the ongoing financialization of the economy as a development within capitalism, and explores the ways in which it has changed the organization of capitalist power. The authors offer an interpretation of the role of the financial sphere which displays a striking contrast to the majority of contemporary heterodox approaches. Their interpretation stresses the crucial role of financial derivatives in the contemporary organization of capitalist power relations, arguing that the process of financialization is in fact entirely unthinkable in the absence of derivatives. The book also uses Marx’s concepts and some of the arguments developed in the framework of the historic Marxist controversies on economic crises in order to gain an insight into the modern neoliberal form of capitalism and the recent financial crisis. Employing a series of international case studies, this book will be essential reading for all those with an interest in the financial crisis, and all those seeking to comprehend the workings of capitalism.

Author : Greg Albo Albo
Publisher : ReadHowYouWant.com
Page : 250 pages
File Size : 43,8 Mb
Release : 2010-07
Category : Business & Economics
ISBN : 9781458775405

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In and Out of Crisis by Greg Albo Albo Pdf

In this groundbreaking study of the financial meltdown, renowned radical political economists lay bare the roots of the crisis in the inner logic of capitalism itself. Objective and detailed, this account provocatively challenges the call for a return to a largely mythical golden age of economic regulation as a check on finance capital. In addition, it deftly illuminates how the era of neoliberal free markets has been, in practice, under-girded by state intervention on a massive scale. Arguing for genuinely transformative alternatives to capitalism, and discussing how to build the collective capacity to realize these goals, this record is a critique of the crisis and an indispensable springboard for a renewed political left.

Author : Murray E. G. Smith
Publisher : Unknown
Page : 0 pages
File Size : 46,8 Mb
Release : 2011
Category : Electronic
ISBN : 9350021749

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Global Capitalism in Crisis by Murray E. G. Smith Pdf

Author : Todd Dufresne,Clara Sacchetti
Publisher : Bloomsbury Publishing USA
Page : 208 pages
File Size : 53,8 Mb
Release : 2012-11-22
Category : Political Science
ISBN : 9781441118974

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The Economy as Cultural System by Todd Dufresne,Clara Sacchetti Pdf

The 2008 global crisis, unemployment, lack of retirement funds, bank bailouts... today, the "economy" is on everyone's mind. But what makes this rather opaque concept work? This collection of essays seeks out the answer by exploring contemporary capitalism from a variety of theoretical perspectives and by confronting the economy as a cultural system, a theory, and a driving force of every day life in the West. The first part of the book discusses past and present representation of capitalism (from Hegel and Marx to Negri and Florida) along with their continuing impact. The second part focuses on capitalism as a locus of power and resistance, and maps possible responses to the current situation. The roles of metaphor and discourse is examined throughout to rethink the implications of power in the context of globalization and consumer culture. Each chapter features an abstract, study questions, as well as further reading suggestions, which, along with its accessible theoretical coverage, will make the book an essential study tool for students in social and political thought, globalization, and social theory.

Author : Jan Toporowski
Publisher : Edward Elgar Publishing
Page : 192 pages
File Size : 42,8 Mb
Release : 2020-09-25
Category : Business & Economics
ISBN : 9781788972154

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Credit and Crisis from Marx to Minsky by Jan Toporowski Pdf

This timely book studies the economic theories of credit cycles and disturbances in the 20th century, presenting a nuanced view of the role of finance in the economy after the financial crash of 2008. Focusing on the work of economists from Marx onwards, Jan Toporowski moves beyond conventional monetary theory to offer an insightful critical alternative to current financial macroeconomics.