Business as usual
Subtitle: the economic crisis and the failure of capitalism
By: Paul Mattick
Publisher: Reaktion Books
Published: 2011
Place of publication: London
Language: eng
Number of pages: 126
ISBN-13: 9781861898012
Subjects: Financial crises; Finance; Economics; Capitalism; Economic policy; Government policy; Global Financial Crisis, 2008-2009; Business cycles; Economic history
Other titles: Economic crisis and the failure of capitalism
Description: Explains the global economic downturn in relation to the development of the world economy since World War II, but also as a fundamental example of the cycle of crisis and recovery that has characterized capitalism since the early nineteenth century. Mattick argues that today's recession is not the result of a singular financial event but instead is a manifestation of long-term processes within the world economy. Arguing that the economic downturn can best be understood within the context of business cycles, which are unavoidable in a free-market economy, Mattick uses this explanation as a springboard for exploring the nature of our capitalist society and its prospects for the future. From publisher description.
Notes: Includes bibliographical references (p. 111-125).