{"product_id":"the-great-financial-crisis-causes-and-consequences-paperback","title":"The Great Financial Crisis: Causes and Consequences - Paperback","description":"\u003cp\u003eby \u003cb\u003eJohn Bellamy Foster\u003c\/b\u003e (Author), \u003cb\u003eFred Magdoff\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eIn the fall of 2008, the United States was plunged into a financial crisis more severe than any since the Great Depression. As banks collapsed and the state scrambled to organize one of the largest transfers of wealth in history, many--including economists and financial experts--were shocked by the speed at which events unfolded.\u003cbr\u003eIn this new book, John Bellamy Foster and Fred Magdoff offer a bold analysis of the financial meltdown, how it developed, and the implications for the future. They examine the specifics of the housing bubble and the credit crunch as well as situate current events within a broader crisis of monopoly-finance capitalism--one that has been gestating for several decades. It is the real productive economy's tendency toward stagnation, they argue, that creates a need for capital to find ways to profitably invest its surplus. But rather than invest in socially useful projects that would benefit the vast majority, capital has constructed a financialized casino economy that neglects social needs and, as has become increasingly clear, is fatally unstable. Written over a two-year period immediately prior to the onset of the crisis, this timely and illuminating book is necessary reading for all those who wish to understand the current situation, how we got here, and where we are heading.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eJohn Bellamy Foster\u003c\/b\u003e is editor of \u003ci\u003eMonthly Review\u003c\/i\u003e. He is professor of sociology at the University of Oregon and author of \u003ci\u003eThe Ecological Revolution\u003c\/i\u003e, \u003ci\u003eThe Great Financial Crisis\u003c\/i\u003e (with Fred Magdoff), \u003ci\u003eCritique of Intelligent Design\u003c\/i\u003e (with Brett Clark and Richard York), \u003ci\u003eEcology Against Capitalism\u003c\/i\u003e, \u003ci\u003eMarx's Ecology\u003c\/i\u003e, and \u003ci\u003eThe Vulnerable Planet\u003c\/i\u003e.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 144\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.43 x 7.98 x 5.5 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e January 01, 2009\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":47426584281266,"sku":"9781583671849","price":22.14,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0770\/3891\/1666\/files\/e2cbbb1519d2788ecd3613283ff9509d.webp?v=1778516126","url":"https:\/\/box.dadyminds.org\/products\/the-great-financial-crisis-causes-and-consequences-paperback","provider":"DADYMINDS BOX","version":"1.0","type":"link"}