the global economic meltdown and what to do about it Wolff, Richard D. creator text bibliography mau Northampton, Mass Olive Branch Press 2010 monographic eng Eng

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xi, 262 p. ; 23 cm. "Capitalism Hits the Fan differs sharply from most other explanations offered by politicians, media commentators, and 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. Government bailout interventions 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, recessions, and cycles in between). The book's essays engage the long-overdue public discussion about basic structural changes and systemic alternatives needed not only to fix today's broken economy but to prevent future crises." Part I: Roots of a system's crisis -- Part II: Economics of the crisis. Capitalism as a crisis-prone system -- The role of economic theory -- Markets and efficiency -- Wages, productivity, and exploitation -- Housing and debt -- Government intervention in the economy -- International dimensions of the crisis -- Part III: Politics of the crisis. Reforms and regulations as crisis solutions -- Debates over "socialist" solutions -- Anti-capitalist politics. Richard D. Wolff. Includes bibliographical references and index. n-us--- 20150600 Crisis financiera Estados Unidos Historia Siglo XXI Financial crises United States History 21st century Capitalism United States History 21st century United States Economic policy 2001-2009 HB 3722 W855c 2010 330.973 9781566567848 (pbk.) 156656784X (pbk.) 2009025488 DLC 090626 20230410105359.0 119743