IDEAS home Printed from https://ideas.repec.org/a/oup/cambje/v35y2011i5p853-871.html
   My bibliography  Save this article

Money, housing and world market: the dialectic of globalised production

Author

Listed:
  • Maria N. Ivanova

Abstract

This article offers an interpretation of the domestic and global dimensions of the US housing, financial and economic crisis in a Marxian framework. My key argument is that the origins of the Great Recession can be fully understood only within an analysis of the system of globalised production and the corresponding division of labour manifest in the symbiotic relationship between the financialised US-centred core and the commodity-producing periphery. The imbalance between production and finance in the US economy mirrors the global imbalance between the ability to produce and the capacity to consume. Copyright The Author 2011. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.

Suggested Citation

  • Maria N. Ivanova, 2011. "Money, housing and world market: the dialectic of globalised production," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 35(5), pages 853-871.
    • Handle: RePEc:oup:cambje:v:35:y:2011:i:5:p:853-871
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/cje/beq053
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kosta Josifidis & Alpar LosÌŒonc, 2014. "Some Thoughts on Power: International Context," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(5), pages 597-615, October.
    2. Yair Kaldor, 2022. "Financialization and Fictitious Capital: The Rise of Financial Securities as a Form of Private Property," Review of Radical Political Economics, Union for Radical Political Economics, vol. 54(2), pages 239-254, June.
    3. Maria N. Ivanova, 2017. "Profit growth in boom and bust: the Great Recession and the Great Depression in comparative perspective," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 26(1), pages 1-20.
    4. Engelbert Stockhammer, 2015. "Rising inequality as a cause of the present crisis," Cambridge Journal of Economics, Oxford University Press, vol. 39(3), pages 935-958.
    5. Joonghyun Kwak & Michael Wallace, 2018. "The Impact of the Great Recession on Perceived Immigrant Threat: A Cross-National Study of 22 Countries," Societies, MDPI, vol. 8(3), pages 1-23, July.
    6. Bradley Smith, 2019. "Life, Liberty, and a House in the Suburbs. The Political Construction of the Homeownership Model of Happiness in the United States [Vie, liberté et pavillon : la recherche du bonheur par la proprié," Post-Print hal-04145164, HAL.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:cambje:v:35:y:2011:i:5:p:853-871. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/cje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.