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Business As Usual : The Economic Crisis and the Failure of Capitalism by Paul Mattick, Paul Mattick is a nonfiction available to read on EtoBox.

What is Business As Usual : The Economic Crisis and the Failure of Capitalism about?

The recent global economic downturn has affected nearly everyone in every corner of the globe. Its vast reach and lingering effects have made it difficult to pinpoint its exact cause, and while some economists point to the risks inherent in the modern financial system, others blame long-term imbalances in the world economy. Into this debate steps Paul Mattick, who, in Business as Usual , explains the global economic downturn in relation to the development of the world economy since World War II, but also as a fundamental example of the cycle of crisis and recovery that has characterized capitalism since the early nineteenth century. Mattick explains that today's recession is not the result of a singular financial event but instead is a manifestation of long-term processes within the world economy. Mattick argues that the economic downturn can best be understood within the context of business cycles, which are unavoidable in a free-market economy. He uses this explanation as a springboard for exploring the nature of our capitalist society and its prospects for the future. Although Business as Usual engages with many economic theories, both mainstream and left-wing, Mattick's acce

Who reads Business As Usual : The Economic Crisis and the Failure of Capitalism?

Author

Paul Mattick, Paul Mattick

Publisher

Reaktion Books, Limited

Published

2011

Language

EN

ISBN

9781861899828

Category

nonfiction

Subjects

Economics, Business, History