Historical Materialism
1 total work
The on-going economic crisis commenced in the sphere of finance, spread into production lines and quickly became a global recession. In Financialisation in Crisis, several well-known political economists draw on the insights of Marxist and other heterodox economics to argue that the turmoil of 2007-2009 represents a crisis of financialised capitalism, and is thus systemic and unusual. The book puts the crisis in its appropriate context, drawing on Marxist and other unorthodox economics to cast light on the broader implications of financialisation for society.