Description
Book SynopsisTrade ReviewOf all the many books on the economic crisis, this is the best. William K. Tabb has absolute command of his subject and provides the clearest account yet of the financial folly that has brought the United States to its knees. Eminently readable and reasonable, his book cuts through the clouds of obfuscation by politicians and economists alike to draw a clear lesson: financialization is a cancer running through the American economy, one that continues to suck the life out of industry, corrupt capitalists, and Congress, generating more froth than real growth or jobs. A wonderful book and a real pleasure to read. -- Richard Walker, University of California, Berkeley, and author of The Capitalist Imperative: Territory, Technology, and Industrial Growth Tabb...makes a valuable contribution to the proliferating literature on the ongoing financial crisis with this well-written, carefully researched account of the great recession. Choice It isn't an easy read like the latest Michael Lewis best seller, but those who perserve will be rewarded. -- Fred Block Pacific Standard ... Tabb strives to offer an analytically deep account of real-world developments, not a theory for its own sake... He offers his readers a wealth of empirical evidence and secondary references to substantiate his claims, and he opts for nuance instead of hyperbole where appropriate. This reviewer for one has not seen another crisis-book that manages so wellto fuse big picture thinking with attention to detail. -- Daniel Mugge, University of Amsterdam Review of International Political Economy William Tabb has written an excellent account of the causes of the 2007-2008 credit crunch - and what in 2009 became the first global recession since the 1930s. -- Jonathan Michie, Oxford University International Review of Applied Economics
Table of ContentsAcknowledgments 1. The Centrality of Finance 2. Financialization and Social Structures of Accumulation 3. Realism in Financial Markets 4. The Shadow of the Financial System 5. The Coming Apart 6. Rescue and the Limits of Regulation 7. Nations, Globalization, and Financialization 8. The Present in History References Index
