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Marx, Keynes and Hayek and the Great Recession of 2008

In: The Great Recession and the Contradictions of Contemporary Capitalism

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  • Meghnad Desai

Abstract

The current crisis is one of the great crises punctuating the long history of capitalism, and to be properly understood it is vital to take into account its ongoing structural transformation. This book offers plural perspectives on the Great Recession, placing the analysis of finance, class and gender at the center of the debate. It begins with a comprehensive insight into the crisis, before moving on to focus on debt, asset inflation and financial fragility. Following chapters discuss global imbalances, structural monetary reform and the management of public finance, including a investigation of the Italian experience. The book concludes with novel contributions on the gender dimension of the crisis and the analogies between a nuclear and financial chain reaction.

Suggested Citation

  • Meghnad Desai, 2014. "Marx, Keynes and Hayek and the Great Recession of 2008," Chapters, in: Riccardo Bellofiore & Giovanna Vertova (ed.), The Great Recession and the Contradictions of Contemporary Capitalism, chapter 3, pages 50-64, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14637_3
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    References listed on IDEAS

    as
    1. Meghnad Desai, 1995. "Macroeconomics And Monetary Theory," Books, Edward Elgar Publishing, number 133.
    2. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
    3. Desai, Meghnad, 1973. "Growth cycles and inflation in a model of the class struggle," Journal of Economic Theory, Elsevier, vol. 6(6), pages 527-545, December.
    4. Hollander,Samuel, 2008. "The Economics of Karl Marx," Cambridge Books, Cambridge University Press, number 9780521793995, October.
    5. Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-654, May-June.
    6. Hollander,Samuel, 2008. "The Economics of Karl Marx," Cambridge Books, Cambridge University Press, number 9780521790789, October.
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