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The Great Financial Crisis - 9781583671849

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Item specifics

Condition
Brand New: A new, unread, unused book in perfect condition with no missing or damaged pages. See the ...
Book Title
The Great Financial Crisis
ISBN
9781583671849
Publication Year
2009
Type
Textbook
Format
Paperback
Language
English
Publication Name
The Great Financial Crisis: Causes and Consequences
Item Height
203mm
Author
John Bellamy Foster, Fred Magdoff
Publisher
Monthly Review Press,U.S.
Item Width
157mm
Subject
Economics
Number of Pages
160 Pages

About this product

Product Information

In the fall of 2008, the United States was plunged into a financial crisis more severe than any since the Great Depression. As banks collapsed and the state scrambled to organize one of the largest transfers of wealth in history, many--including economists and financial experts--were shocked by the speed at which events unfolded. In this new book, John Bellamy Foster and Fred Magdoff offer a bold analysis of the financial meltdown, how it developed, and the implications for the future. They examine the specifics of the housing bubble and the credit crunch as well as situate current events within a broader crisis of monopoly-finance capitalism--one that has been gestating for several decades. It is the real productive economy's tendency toward stagnation, they argue, that creates a need for capital to find ways to profitably invest its surplus. But rather than invest in socially useful projects that would benefit the vast majority, capital has constructed a financialized casino economy that neglects social needs and, as has become increasingly clear, is fatally unstable. Written over a two-year period immediately prior to the onset of the crisis, this timely and illuminating book is necessary reading for all those who wish to understand the current situation, how we got here, and where we are heading.

Product Identifiers

Publisher
Monthly Review Press,U.S.
ISBN-13
9781583671849
eBay Product ID (ePID)
91285844

Product Key Features

Author
John Bellamy Foster, Fred Magdoff
Publication Name
The Great Financial Crisis: Causes and Consequences
Format
Paperback
Language
English
Subject
Economics
Publication Year
2009
Type
Textbook
Number of Pages
160 Pages

Dimensions

Item Height
203mm
Item Width
157mm

Additional Product Features

Title_Author
John Bellamy Foster, Fred Magdoff
Country/Region of Manufacture
United States

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  • GB 976952259
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