BiblioVault - Books about Economic Crisis

Aftershocks

Economic Crisis and Institutional Choice

Edited by Anton Hemerijck, Ben Knapen and Ellen van Doorne

Amsterdam University Press, 2009

Although it would be premature to presume to identify the exact repercussions of the current economic crisis, it is clear that it will have profound effects in the political, economic, and social spheres. Written in the midst of the deepest economic crisis since the Great Depression, Aftershocks contains twenty-four essays—based on interviews with scholars, prominent European politicians, and leading figures from business and banking—that reflect on the origins of the crisis as well as the possible social, economic, and political transformations it may engender. Among the many contributors are Barry Eichengreen, Tony Atkinson, David Soskice, Nancy Birdsall, Amitai Etzioni, Helmut Schmidt, and Jacques Delors.

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Business as Usual

The Economic Crisis and the Failure of Capitalism

Paul Mattick

Reaktion Books, 2011

The recent global economic downturn has affected nearly everyone in every corner of the globe. Its vast reach and lingering effects have made it difficult to pinpoint its exact cause, and while some economists point to the risks inherent in the modern financial system, others blame long-term imbalances in the world economy. Into this debate steps Paul Mattick, who, in Business as Usual, 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 explains 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. Mattick argues that the economic downturn can best be understood within the context of business cycles, which are unavoidable in a free-market economy. He uses this explanation as a springboard for exploring the nature of our capitalist society and its prospects for the future.

Although Business as Usual engages with many economic theories, both mainstream and left-wing, Mattick’s accessible writing opens the subject up in order for non-specialists to understand the current economic climate not as the effect of a financial crisis, but as a manifestation of a truth about the social and economic system in which we live. As a result the book is ideal for anyone who wants to gain a succinct and jargon-free understanding of recent economic events, and, just as important, the overall dynamics of the capitalist system itself.

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Communities In Economic Crisis

edited by John Gaventa, Barbara Ellen Smith and Alex Willingham

Temple University Press, 1990

Hard times are no stranger to the people of Appalachia and the South. Earlier books have documented the low wages of the textile industry, boom-and-bust cycles of coal mining, and debt peonage of Southern agriculture that have established a heritage of poverty that endures. This book is a unique collection of essays by people who are actively involved in the efforts to challenge economic injustice in these regions and to empower the residents to build democratic alternatives.

In the series Labor and Social Change, edited by Paula Rayman and Carmen Sirianni.

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Digital Depression

Information Technology and Economic Crisis

Dan Schiller

University of Illinois Press, 2014

The financial crisis of 2007-08 shook the idea that advanced information and communications technologies (ICTs) as solely a source of economic rejuvenation and uplift, instead introducing the world to the once-unthinkable idea of a technological revolution wrapped inside an economic collapse. In Digital Depression, Dan Schiller delves into the ways networked systems and ICTs have transformed global capitalism during the so-called Great Recession. He focuses on capitalism's crisis tendencies to confront the contradictory matrix of a technological revolution and economic stagnation making up the current political economy and demonstrates digital technology's central role in the global political economy. As he shows, the forces at the core of capitalism--exploitation, commodification, and inequality--are ongoing and accelerating within the networked political economy.

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Media Amnesia

Rewriting the Economic Crisis

Laura Basu

Pluto Press, 2018

One of the major questions confronting us in the wake of the 2016 presidential election, the Brexit vote, and the rise of populism around the world, is what role the media has played in shaping our current political moment. This book offers an unprecedented dive into that question, reaching back more than a decade to show the stance of the media toward the 2008 financial crash, the recession that followed, austerity in the UK, the Eurozone crisis, and more. Throughout, we see—with damning clarity—that even as capitalism is in crisis, the media remains devoted to a narrative of a swollen public sector, welfare scams, and immigration threats. What does this mean for those who are committed to solving our manifest economic and social problems? How can we use what we know about the workings of the media to break through their filter and force progress? The insights in this book are the first step.

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The Risk of Economic Crisis

Edited by Martin Feldstein

University of Chicago Press, 1991

The stunning collapse of the thrift industry, the major stock slump of 1987, rising corporate debt, wild fluctuations of currency exchange rates, and a rash of defaults on developing country debts have revived fading memories of the Great Depression and fueled fears of an impending economic crisis. Under what conditions are financial markets vulnerable to disruption and what economic consequences ensue when these markets break down?

In this accessible and thought-provoking volume, Benjamin M. Friedman investigates the origins of financial crisis in domestic capital markets, Paul Krugman examines the international origins and transmission of financial and economic crises, and Lawrence H. Summers explores the transition from financial crisis to economic collapse. In the introductory essay, Martin Feldstein reviews the major financial problems of the 1980s and discusses lessons to be learned from this experience. The book also contains provocative observations by senior academics and others who have played leading roles in business and government.

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