Neoliberalism In Crisis? Money And The State In Contemporary Capitalism

Hugo Radice


At the time of writing (March 2009), it is clear that what first began some two years ago as a crisis in the obscure sub-prime mortgage market within the US finance industry has developed into a full-blown global economic crisis, with declining output and rising unemployment in many countries. As always in such circumstances, different social forces are now proposing responses that serve their own interests; but for all such groups, in order to frame an appropriate response, it is first necessary to decide what kind of crisis this is.

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