The Economics of Global Turbulence: The Advanced Capitalist Economies from Long Boom to Long Downturn, 1945-2005 (Paperback)Robert Brenner (author)
Paperback 528 Pages
For years, the discipline of economics has been moving steadily away from the real world towards formalized axioms and mathematical models with only a precarious bearing on actuality. Commentators seek to fill the gap as best they can, but in the absence of real background scholarship, journalism is vulnerable to the myopias of fashion and immediacy. The deeper enigmas of post-war development remain in either case largely untouched. Bringing together the strengths of both the economist and the historian, Robert Brenner rises to this challenge. In this work, a revised and newly introduced edition of his acclaimed New Left Review special report, he charts the turbulent post-war history of the global system and unearths the mechanisms of over-production and over-competition which lie behind its long-term crisis since the early 1970s, thereby demonstrating the thoroughly systematic factors behind wage repression, high unemployment and unequal development, and raising disturbing and far-reaching questions about its future trajectory. In this new edition, Brenner brings the story up to date, taking into account the great financial crisis of 2008 and its aftermath.
Publisher: Verso Books
Number of pages: 528
Weight: 368 g
Dimensions: 234 x 153 mm
Edition: 2nd Revised edition
"A brilliant economic overview of the world's current economic state." The Nation "Here, at last...something good out of the left." Wall Street Journal "The best financial history of the period yet." Jeff Madrick, New York Times "Its implications are portentous." Jack Beatty, Atlantic Monthly "Robert Brenner's recent work is a solidly argued and empirically impeccable restatement of the centrality of overproduction in capitalism." Walden Bello, The Nation "Brenner offers a more scholarly analysis of the recent decade than most commentators who tend to overpraise or dismiss recent techno-logical innovations... something of a thriller with a to-be-continued ending." James Flanigan, Los Angeles Times"
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