The Resource Capitalism hits the fan: : the global economic meltdown and what to do about it, Richard D. Wolff, (ebook)

Capitalism hits the fan: : the global economic meltdown and what to do about it, Richard D. Wolff, (ebook)

Label
Capitalism hits the fan: : the global economic meltdown and what to do about it
Title
Capitalism hits the fan:
Title remainder
the global economic meltdown and what to do about it
Statement of responsibility
Richard D. Wolff
Creator
Contributor
Subject
Genre
Language
eng
Summary
Capitalism Hits the Fan chronicles one economist's growing alarm and insights as he watched, from 2005 onwards, the economic crisis build, burst, and then change the world. The argument here differs sharply from most other explanations offered by politicians, media commentators, and other academics. Step by step, Professor Wolff shows that deep economic structures the relationship of wages to profits, of workers to boards of directors, and of debts to income account for the crisis. The great change in the US economy since the 1970s, as employers stopped the historic rise in US workers' real wages, set in motion the events that eventually broke the world economy. The crisis resulted from the post-1970s profit explosion, the debt-driven finance-industry expansion, and the sequential stock market and real estate booms and busts. Bailout interventions by the Federal Reserve and the US Treasury have thrown too little money too late at a problem that requires more than money to solve. As this book shows, we must now ask basic questions about capitalism as a system that has now convulsed the world economy into two great depressions in 75 years (and countless lesser crises, recession, and cycles in between). The book's essays engage the long-overdue public discussion about capitalism as a system and about the basic structural changes needed not only to fix today's broken economy but to prevent future crises. Richard Wolff has been a professor of economics at the University of Massachusetts, Amherst since 1981. He has been a visiting professor in the Graduate Program in International Affairs, at the New School in New York since 2007. Wolff's major recent interests and publications include studies of US economic history to ascertain the basic structural causes of the current economic crisis and the examination of how alternative economic theories (neoclassical, Keynesian, and Marxian) understand and respond to the crisis in very different ways. His past work involves application of advanced class analysis to contemporary global capitalism. He has written, co-authored, and co-edited many books and dozens of scholarly and popular journal articles. His recent analyses of current economic events appear regularly in the webzine of the Monthly Review. In 2009, Capitalism Hits the Fan, the documentary on the current economic crisis, was released by Media Education Foundation (www.mediaed.org). Visit http: //www.rdwolff.com for more information
Cataloging source
Midwest
http://library.link/vocab/creatorName
Wolff, Richard D
Dewey number
330.973
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
hoopla digital
http://library.link/vocab/subjectName
  • Financial crises
  • Capitalism
  • United States
Target audience
adult
Label
Capitalism hits the fan: : the global economic meltdown and what to do about it, Richard D. Wolff, (ebook)
Link
Instantiates
Publication
Color
multicolored
Dimensions
unknown
Extent
1 online resource
Form of item
  • online
  • electronic
Governing access note
Digital content provided by hoopla
Isbn
9781623710019
Isbn Type
(electronic bk.)
Publisher number
MWT11826264
Specific material designation
remote
Stock number
11826264
System control number
MWT11826264
System details
Mode of access: World Wide Web
Label
Capitalism hits the fan: : the global economic meltdown and what to do about it, Richard D. Wolff, (ebook)
Link
Publication
Color
multicolored
Dimensions
unknown
Extent
1 online resource
Form of item
  • online
  • electronic
Governing access note
Digital content provided by hoopla
Isbn
9781623710019
Isbn Type
(electronic bk.)
Publisher number
MWT11826264
Specific material designation
remote
Stock number
11826264
System control number
MWT11826264
System details
Mode of access: World Wide Web

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