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The crisis of the early 21st Century: Marxian perspectives

In: The Great Recession and the Contradictions of Contemporary Capitalism

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  • Gérard Duménil
  • Dominique Lévy

Abstract

The current crisis is one of the great crises punctuating the long history of capitalism, and to be properly understood it is vital to take into account its ongoing structural transformation. This book offers plural perspectives on the Great Recession, placing the analysis of finance, class and gender at the center of the debate. It begins with a comprehensive insight into the crisis, before moving on to focus on debt, asset inflation and financial fragility. Following chapters discuss global imbalances, structural monetary reform and the management of public finance, including a investigation of the Italian experience. The book concludes with novel contributions on the gender dimension of the crisis and the analogies between a nuclear and financial chain reaction.

Suggested Citation

  • Gérard Duménil & Dominique Lévy, 2014. "The crisis of the early 21st Century: Marxian perspectives," Chapters, in: Riccardo Bellofiore & Giovanna Vertova (ed.), The Great Recession and the Contradictions of Contemporary Capitalism, chapter 2, pages 26-49, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14637_2
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    References listed on IDEAS

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    1. Eva Sierminska & Yelena Takhtamanova, 2007. "Disentangling the wealth effect: some international evidence," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue jan19.
    2. David M. Kotz, 2009. "The Financial and Economic Crisis of 2008: A Systemic Crisis of Neoliberal Capitalism," Review of Radical Political Economics, Union for Radical Political Economics, vol. 41(3), pages 305-317, September.
    3. Harvey, David, 2005. "The New Imperialism," OUP Catalogue, Oxford University Press, number 9780199278084, Decembrie.
    4. Dean M. Maki & Michael G. Palumbo, 2001. "Disentangling the wealth effect: a cohort analysis of household saving in the 1990s," Finance and Economics Discussion Series 2001-21, Board of Governors of the Federal Reserve System (U.S.).
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