World In Crisis

Gugliemo Carchedi, doctorate (1965) in Economics, University of Turin, Italy, has worked at the United Nations in New York and has taught at the University of Amsterdam. He is the author of numerous articles and books in several fields of Marxist analysis and research.Michael Roberts has worked as an economist for over thirty years in the City of London financial center. He is author of The Great Recession: A Marxist View (2009), and The Long Depression (2016).

• PrefaceIntroduction Part 1. The US economy Chapter 1. G. Carchedi and M. Roberts – The long roots of the present crisis: Keynesians, Austerians, and Marx’s lawChapter 2. G. Carchedi – The law of crisesChapter 3. J.A. Tapia – Investment, profit, and crises: theories and evidence Part 2. The international dimension Chapter 4. E.E. Maito – The tendency of the rate of profit to fall since the 19th century and a world rate of profitChapter 5. T. Sato – Japan’s ‘lost’ two decades: a Marxist analysis of prolonged capitalist stagnation Chapter 6. M. Roberts – The UK rate of profit and British economic historyChapter 7.. J.P. Mateo – The Long Depression in the Spanish economy: bubble, profits, and debtChapter 8. T. Maniatis and K. Passas – Surplus value, profit, and unproductive labor in the Greek economy, 1958–2013Chapter 9. A. Marquetti, E.M. Filho, and V. Lautert – The profit rate in Brazil, 1953–2008Chapter 10. M. Gaulard – The Chinese economic crisis: a Marxist approach Part 3. Credit, fictitious capital, and crises Chapter 11. M. Roberts – Debt mattersChapter 12. S. Cámara I. and A. Mariña F– The neoliberal financialization of the US economyChapter 13. M.E.G. Smith and J. Butovsky – The roots of the global crisis: Marx’s law of falling profitability and the US economy, 1950–2013Chapter 14. T. Norfield – Derivatives and capitalist markets: the speculative heart of capitalChapter 15. S. Nash – High-frequency trading: the unfolding history of speculative capital Part 4. The crisis and the euroChapter 16. G. Carchedi – From the crisis in surplus value to the crisis in the euroChapter 17. M. Roberts – The euro crisis is a crisis of capitalism

“World in Crisis presents detailed evidence from across the world, and over the long historical span, to show that the tendency does really exist, and has a clear and ultimately dominant influence in determining the general state of economies, nationally and globally.” –Counterfire