The Political Economy of Global Capitalism and Crisis

"The strength of Dunn's book is that it presents a lucid theoretical appraisal of the global capitalist system that depicts its crisis-proneness, and explains the causative factors of the 2007-2008 financial crisis in the world's capitalist order while affirming the geographical mobility of capital in search of higher profit margins. In addition, the book is a scholarly contribution to the raging discourse on the political economy of the globalization of capitalism by the U.S. and the affluent countries of Europe and its implications for the rest of the world." John Olushola Magbadelo, 2019

Autorentext

Bill Dunn is Senior Lecturer in the Department of Political Economy, University of Sydney, Australia.

Klappentext

This book provides a thoroughly socialised and historically based account of financial crises, and of the post-2007/08 crisis in particular. It draws on Marx and offers a theoretically informed but empirically based understanding of recent political and economic transformations.

Inhalt

1. Understanding the political economy of global capitalism and crises, 2. Capitalism and other social orders, 3. Value theory in an incompletely capitalist society, 4. The heterogeneity of capital, 5. A contribution to a theory of crisis and recovery, 6. States and global capitalism, 7. The Keynesian moment and its contradictions, 8. Global restructuring: extensive accumulation and financialization, 9. The world market and the Crisis, 10. Recession or renewal, 11. Re-locating capital?