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Business as Usual
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Business as Usual: The Roots of the Global Financial Meltdown

Craig Calhoun and Georgi Derluguian

Abstract

This book situates the current crisis in the historical trajectory of the capitalist world-system, showing how the crisis was made possible not only by neoliberal financial reforms but by a massive turn away from manufacturing things of value towards seeking profit from financial exchange and credit. Much more basic than the result of a few financial traders cheating the system, this is a potential historical turning point. The book establishes why the system was ripe for crisis of the past, and yet why this meltdown was different. It concludes by asking whether as deep as the crisis is, it ma ... More

Keywords: capitalist world-system, neoliberal financial reform, financial exchange, financial credit, financial crisis, global leadership

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780814772775
Published to NYU Press Scholarship Online: March 2016 DOI:10.18574/nyu/9780814772775.001.0001

Authors

Affiliations are at time of print publication.

Craig Calhoun, editor

Georgi Derluguian, editor

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