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Business as Usual: The Economic Crisis and the Failure of Capitalism Paperback – May 15, 2011
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(Alfredo Saad-Filho, University of London)
“For anyone who is unsatisfied with the usual explanations of the current economic crisis – greed and fraud, deregulation, financialization, etc. —and is looking for a deeper explanation, this book is for you. Mattick demonstrates (without jargon and with great clarity) that the root causes of the current crisis lie in the fundamental nature and dynamics of capitalist economies, and places this crisis within the illuminating historical context of recurring capitalist crises since the early 19th century.” —Fred Moseley, Mount Holyoke College
"This is a fine book. It argues against the illusion that the current crisis is just a bonfire of contingent market forces, exposes economics as the dismal science that it is, and opposes the idea that capitalism is not some sort of economic mechanism that, if expertly regulated by those in the know, works well for the benefit of all. Mattick has to be congratulated not just for writing an immensely rich account of the current crisis but, also, for doing so with immense historical insight, theoretical cunning, and astute political judgement."
(Werner Bonefeld, University of York)
About the Author
Paul Mattick is chair of the Department of Philosophy at Adelphi University in New York. He was previously the editor of the International Journal of Political Economy, and he is the author of Social Knowledge.
More About the Author
Top Customer Reviews
Still, it's overall a good book, and can be read in a matter of hours. It's also good to see people like Mattick and Kliman offering a very unique take on capitalism, and how it operates. So, purchase Kliman for an intimate understanding of our recession, purchase Mattick for a sleek history of why capitalism is prone to erratic behavior (although by always being erratic, one could say it's also always stable).