Business as usual: The roots of the global financial meltdown

Craig Calhoun, Georgi Derluguian

Research output: Book/ReportBook

26 Scopus citations

Abstract

Situates the current crisis in the historical trajectory of the capitalist world-system, showing how the crisis was made possible not only by neoliberal financial reforms but by a massive turn away from manufacturing things of value towards seeking profit from financial exchange and credit. Much more basic than the result of a few financial traders cheating the system, this is a potential historical turning point. In original essays, the contributors establish why the system was ripe for crisis of the past, and yet why this meltdown was different. The volume concludes by asking whether as deep as the crisis is, it may contain seeds of a new global economy, what role the US will play, and whether China or other countries will rise to global leadership.

Original languageEnglish (US)
PublisherNew York University Press
Number of pages312
ISBN (Print)0814772773, 9780814772775
StatePublished - Jan 1 2011
Externally publishedYes

ASJC Scopus subject areas

  • Social Sciences(all)

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