The ABC's of the economic crisis : what working people need to know / by Fred Magdoff and Michael D. Yates

Author(s): Magdoff, Fred, 1942-
Location:
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Subjects: Working class--United States--Economic conditions
Financial crises--United States
United States--Economic policy--2001-2009
Formats: Print
Material Type: Books
Language: English
Audience: Unspecified
Published: New York : Monthly Review Press, c2009
LC Classification: H, HC
Physical Description: 144 p. : ill. ; 21 cm
Table of Contents: Preface 9
1. The Calm before the Storm 13
2. What Makes Capitalism Tick 21
3. Capitalist Economies Are Prone to Crises 27
4. Mature Capitalism's Concentration of Production and Slow Growth 33
5. Can the Tendency to Slow Growth Be Overcome? 37
6. Economic Stagnation Sets in Following the Second World War 41
7. Neoliberalism 47
8. The Financial Explosion: Introduction 55
9. How Did it Happen? 59
10. The Explosion of Debt 75
11. The Great Unraveling 83
12. The Government to the Rescue? 89
13. Summary and Conclusions 105
A Timeline of the Financial Crisis and the Great Recession 115
A Brief Bibliographical Study Guide 133
Notes 135
Index 137
Additional Authors: Yates, Michael, 1946-
Notes: LCCN: 2009030676
ISBN: 9781583671955 (pbk.)
ISBN: 1583671951 (pbk.)
ISBN: 9781583671962 (cloth)
ISBN: 158367196X (cloth)
Includes bibliographical references and index
Contents: The calm before the storm -- What makes capitalism tick -- Capitalist economies are prone to crises -- Mature capitalism's concentration of production and slow growth -- Can the tendency to slow growth be overcome? -- Economic stagnation sets in following the Second World War -- Neoliberalism -- The financial explosion : introduction -- How did it happen? -- The explosion of debt -- The great unraveling -- The government to the rescue? -- Summary and conclusions
OCLC Number: 326466113
ISBN/ISSN: 9781583671955
1583671951
9781583671962
158367196X