Business As Usual

The Economic Crisis and the Failure of Capitalism

Edición de la obra Business as usual

Explains the global economic downturn in relation to the development of the world economy since World War II, but also as a fundamental example of the cycle of crisis and recovery that has characterized capitalism since the early nineteenth century. Mattick argues that today's recession is not the result of a singular financial event but instead is a manifestation of long-term processes within the world economy. Arguing that the economic downturn can best be understood within the context of business cycles, which are unavoidable in a free-market economy, Mattick uses this explanation as a springboard for exploring the nature of our capitalist society and its prospects for the future. From publisher description.

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