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Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It Paperback – May 1, 2013


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Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It + Democracy at Work: A Cure for Capitalism + Capitalism Hits the Fan: Richard Wolff on the Economic Meltdown
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Product Details

  • Paperback: 262 pages
  • Publisher: Interlink Pub Group; 2 Rev Upd edition (May 1, 2013)
  • Language: English
  • ISBN-10: 1566569362
  • ISBN-13: 978-1566569361
  • Product Dimensions: 8.9 x 6 x 0.7 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 3.6 out of 5 stars  See all reviews (12 customer reviews)
  • Amazon Best Sellers Rank: #46,174 in Books (See Top 100 in Books)

Editorial Reviews

Review

Praise for Richard D. Wolff

Richard Wolff is the leading socialist economist in the country. This book is required reading for anyone concerned about a fundamental transformation of the ailing capitalist economy.
Cornel West

Richard Wolff s constructive and innovative ideas suggest new and promising foundations for a much more authentic democracy and sustainable and equitable development, ideas that can be implemented directly and carried forward. A very valuable contribution in troubled times.
Noam Chomsky

Probably America's most prominent Marxist economist.
The New York Times

"Richard D. Wolff has provided a blow by blow account of how the crisis developed, how the politicians and parties reacted, and how the average folks suffered and will suffer in times to come. But he has done more than that... Whether you align yourself with Democrat or Republican, New Labour or Tory parties, or are politically independent or non-aligned, this book provides an excellent source of clear well-focused analysis of what happened..."
Bob Lloyd, BlogCritics

With unerring coherence and unequaled breadth of knowledge, Rick Wolff offers a rich and much needed corrective to the views of mainstream economists and pundits. It would be difficult to come away from this... with anything but an acute appreciation of what is needed to get us out of this mess.
Stanley Aronowitz, Distinguished Professor of Sociology and Urban Education, City University of New York --.

About the Author

Richard D. Wolff has been a professor of economics at the University of Massachusetts, Amherst since 1981. He has been a visiting professor in the Graduate Program in International Affairs, at the New School in New York since 2007. Wolff s major recent interests and publications include studies of US economic history to ascertain the basic structural causes of the current economic crisis and the examination of how alternative economic theories (neoclassical, Keynesian, and Marxian) understand and respond to the crisis in very different ways. His past work involves application of advanced class analysis to contemporary global capitalism. He has written, co-authored, and co-edited many books and dozens of scholarly and popular journal articles. His recent analyses of current economic events appear regularly in the webzine of the Monthly Review. In 2009, Capitalism Hits the Fan, the documentary on the current economic crisis, was released by Media Education Foundation

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Customer Reviews

3.6 out of 5 stars
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Most Helpful Customer Reviews

20 of 21 people found the following review helpful By Hans G. Despain on June 11, 2013
Format: Paperback
This is a highly important book, the best single book for understanding the structural powers and maladjustments of the American economic system. It is highly accessible and will be of great interest to both non-economic-specialized readers and professional economists. This book has functioned brilliantly as secondary reader in my principle of macroeconomic courses and as a reader at the graduate level. It is well written, the articles are short, the organization of the book in three sections develops common threads and themes all of which help to understand the American economic system, both its strengths and its pathologies.

In the last several years Rick Wolff has published books, produced documentaries, given public interviews, hosted a radio show, and delivered lectures (widely available online) explaining that the crisis of 2007-8 was not unexpected. Rather the crisis of 2007-8 was both predictable and predicted by himself and others; the American economic system has been working against the majority of the public, benefiting the wealthy minority; socio-economic crisis is imminent to the capitalism; and the capitalistic system is dysfunctional and corporations rather pathological institutions. Capitalism is indefensible as a democratically determined system.

In this volume Rick Wolff has written a series of short and highly accessible articles. The dates of these articles go back to 2005 and are now updated to current political and economic events. He provides a blow by blow account of the ensuing crisis and it's after math. There is no other volume that offers the same theoretical and practical analysis accessible to non-specialist readers and citizens.
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11 of 13 people found the following review helpful By Michel S. Moushabeck on June 8, 2013
Format: Paperback
Richard Wolff is a brilliant and insightful economist. I am pleased to see this updated second edition. His analysis of the drastic economic inequality we are facing today, how we got here, and how this is contributing to a growing economic mess is spot on. I highly recommend this book to anyone interested in understanding the weak fundamental structures on which our ailing economy is based and how reverberations are likely to affect the rest of the world in ways we have never experienced before, which will have a boomerang effect and come back to hurt us even more.
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2 of 2 people found the following review helpful By Anita DeOld on January 7, 2014
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This is deep reading and deep thinking but certainly a true look at capitalism. He calls it as it is and lays the blame where it belongs.
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1 of 1 people found the following review helpful By John Gusmano on November 5, 2013
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A unique perspective that should be considered in helping to solve our nations economic issues. It is an approach which would allow our nations leaders to think outside the box and come up with creative solutions going forward.
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Outstanding! It is essential reading for anyone of conscious who wants to make this country a better place by moving beyond capitalism.
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0 of 3 people found the following review helpful By Kim Fagan on February 1, 2014
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I can't wait to start this book. If you can't see whats going on in Washington D.C. and Wall Street you're blind, and even then you'd see the writing on the walls. It's all up for grabs.
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