"A must read! Here is an excellent guide to understanding the role debt overload and the stagnation of the real economy played in the recent crisis, in the tradition of Sweezy and Magdoff."
-—Michael Perelman,California State University, Chico, and author of Railroading Economics, The Invention of Capitalism, and The Confiscation of American Prosperity
THE GREAT FINANCIAL CRISIS is a very important book.
Their understanding of the dynamics of stagnation is rooted in the historical development the U.S. economy itself, stretching back to the 1930s.
Foster and Magdoff's book makes the economic and political issues crystal clear without undue simplification.
It's a dry read but has a lot of worthwhile information that is important to understanding the 2008 financial crisis.Published 2 months ago by Amy
Purporting to show causes and consequences the book the book is an exposition of Marxist theory, the main thesis being that in a capitalist economy stagnation is inevitable. Read morePublished 11 months ago by Gderf
There are some interesting parts to this book, but it was obviously written by liberals . I'm a democrat but I want to here the views from both sides to draw my own conclusions... Read morePublished 19 months ago by Horace'sWorld
Among all the books covering the financial crisis, this must be one of the best. The authors cover the crisis in great and exhausting detail and it is clear that the research was... Read morePublished on December 31, 2011 by Choong
The Great Financial Crisis is a book which examines the financial crisis of 2007-2008 from a socialist perspective. Read morePublished on April 15, 2011 by Antonis
"The reduction of wages and the redistribution of wealth upward (trough reduction of taxes and reduction in social services) - the result of class war waged unilaterally from above... Read morePublished on August 22, 2010 by Leo
Very excellent discussion with abundant and well-presented data. Distracting, however, is the authors' insistence (in several chapter ends) that the only proper fix is to recast... Read morePublished on February 23, 2010 by John Schuyler
Finally a review from an anti-capitalist viewpoint. Another great thing is that as a compilation of articles previously written(with some new stuff) these guys really saw the... Read morePublished on December 26, 2009 by Keith Sadler
No need to repeat salient features pointed out by others, except to say the book is well worth the read. There is, however, an unmentioned point worth noting. Read morePublished on June 25, 2009 by Douglas Doepke