Business as Usual: The Roots of the Global Financial Meltdown

Business as Usual: The Roots of the Global Financial Meltdown

by Craig Calhoun, Georgi Derluguian
     
 

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Situates the current crisis in the historical trajectory of the capitalist world-system, showing how the crisis was made possible not only by neoliberal financial reforms but by a massive turn away from manufacturing things of value towards seeking profit from financial exchange and credit. Much more basic than the result of a few financial traders cheating the

Overview

Situates the current crisis in the historical trajectory of the capitalist world-system, showing how the crisis was made possible not only by neoliberal financial reforms but by a massive turn away from manufacturing things of value towards seeking profit from financial exchange and credit. Much more basic than the result of a few financial traders cheating the system, this is a potential historical turning point. In original essays, the contributors establish why the system was ripe for crisis of the past, and yet why this meltdown was different. The volume concludes by asking whether as deep as the crisis is, it may contain seeds of a new global economy, what role the US will play, and whether China or other countries will rise to global leadership.

Contributors include: Immanuel Wallerstein, David Harvey, Saskia Sassen, James Kenneth Galbraith, Manuel Castells, Nancy Fraser, Rogers Brubaker, David Held, Mary Kaldor, Vadim Volkov, Giovanni Arrighi, Beverly Silver, and Fernando Coronil.

The three volumes can purchased individually or as a set.

Editorial Reviews

From the Publisher
“A brilliant and inspiring collection of analyses from world-renowned international social theorists and political economists, far-reaching in its implications for our understanding, not just of the current crisis, but of its historical roots and the importance of politics to the future of global socio-economic structures.”
-Kate Nash,author of The Cultural Politics of Human Rights

Product Details

ISBN-13:
9780814772775
Publisher:
New York University Press
Publication date:
05/01/2011
Series:
Possible Futures Series
Pages:
312
Product dimensions:
6.20(w) x 9.10(h) x 1.00(d)

What People are saying about this

From the Publisher

“A brilliant and inspiring collection of analyses from world-renowned international social theorists and political economists, far-reaching in its implications for our understanding, not just of the current crisis, but of its historical roots and the importance of politics to the future of global socio-economic structures.”
-Kate Nash,author of The Cultural Politics of Human Rights

“There may be a silver lining to the global financial meltdown of 2008, for it has made possible a book such as this one. In Business as Usual, Craig Calhoun and Georgi Derluguian have brought together some of ‘the best and brightest’ in the business and given them a most unusual task: to tell the story of the financial crisis in all its complexity, in a manner that is both clear and precise. The result is critical social science at its best: more than explanation, prediction or prescription, this book offers the promise of actual understanding.”
-Ivan Ascher,University of Massachusetts, Amherst

"The high quality of the wide-ranging essays makes this volume a worthwhile addition to library collections and a valuable resource for both students and specialists wanting to explore the complex roots of the financial crisis."
-M. Perelman,Choice

Meet the Author

Craig Calhoun is President of the Social Science Research Council and University Professor of the Social Sciences at New York University. His most recent publication is Nations Matter: Culture, History, and the Cosmopolitan Dream.

Georgi Derluguian is Associate Professor of International Studies and Sociology at Northwestern University and is the author of Bourdieu's Secret Admirer in the Caucasus: A World-System Biography.

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