Contemporary Capitalism & its Crises

This volume analyses contemporary capitalism and its crises based on a theory of capitalist evolution known as the social structure of accumulation (SSA) theory. It applies this theory to explain the severe financial and economic crisis that broke out in 2008 and the kind of changes required to resolve it. The editors and contributors make available new work within this school of thought on such issues as the rise and persistence of the 'neoliberal' or 'free-market' form of capitalism since 1980 and the growing globalization and financialization of the world economy. The collection includes analyses of the U.S. economy as well as that of several parts of the developing world.Widely accessible to an audience interested in contemporary capitalism and the current financial and economic crisis Offers an alternative to highly economic theories that idolize the 'free market', and shows how real world capitalist economies move through phases of expansion and crisis Shows the role of long-lasting economic, political and cultural institutions, not just policy errors, in explaining economic successes and failures