Includes bibliographical reference (p. 34) and index
Contents:
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
Summary:
"Capitalism Hits the Fan chronicles one economist's growing alarm and insights as he watched, from 2005 onwards, the economic crisis build, burst, and then change the world. 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, which resulted from the post-1970s profit explosion, the debt-driven finance-industry expansion, and the sequential stock market real estate booms and busts ... The book's essays engage the long-overdue public discussion about capitalism as a system and about the basic structural changes needed not only to fix today's broken economy but to prevent future crises." -- from the back cover
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.