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Archive for the ‘Financial Crisis’ Category

One of the most prescient texts on the financial crisis was by Bob Brenner, who wrote The Economics of Global Turbulence originally for New Left Review in 1998.  A new edition was published by Verso in 2006.Verso 1859847307 Economics of Global Turbulence

“A brilliant economic overview of the world’s current economic state.” — The Nation

“Here, at last—something good out of the left.” — Wall Street Journal

For years, the discipline of economics has been moving steadily away from the real world towards formalized axioms and mathematical models with only a precarious bearing on actuality. Commentators seek to fill the gap as best they can, but in the absence of real background scholarship, journalism is vulnerable to the myopias of fashion and immediacy. The deeper enigmas of post-war development remain in either case largely untouched.

Bringing together the strengths of both the economist and the historian, Robert Brenner rises to this challenge. In this work, a revised and newly introduced edition of his acclaimed New Left Review special report, he charts the turbulent post-war history of the global system and unearths the mechanisms of over-production and over-competition which lie behind its long-term crisis since the early 1970s, thereby demonstrating the thoroughly systematic factors behind wage repression, high unemployment and unequal development, and raising disturbing and far-reaching questions about its future trajectory.

COMPETITION

The first 3 people to answer the following question will win a copy of the book:

Which issue of New Left Review did the Economics of Global Turbulence first appear in?

Send your answer to enquiries AT verso.co.uk

Offer only open to those outside of North America.

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mason-paul-author-picPaul Mason, BBC Newsnight editor and author of the critically acclaimed Meltdown: The End of Greed will be speaking at Millers Academy about the financial crisis.

“A page turning account… Mason is refreshingly clear-eyed – and angry.” Will Hutton, Guardian

“What people need is a reliable guide to the financial crisis … Meltdown is the book they are looking for.” John Gray, New Statesman

“A lucid and sharply polemical account of the crisis.” Oliver Kamm, The Times

Paul has covered globalization and social justice stories from locations across the world, including Latin America, Africa and China. His previous book, Live Working, Die Fighting, was longlisted for the Guardian First Book Award. His highly popular blog, Idle Scrawl, chronicles the unfolding financial crisis.

To book tickets visit the Millers Academy website

Click here for more information about the book

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Paul Mason’s Meltdown: The End of the Age of Greed has been reviewed in the London Evening Standard by Simon English (see towards the bottom of the page for the full piece).

“He is particularly good on the confused minds of many in the City who invested so much emotional energy into what they still call the free-market that they are now bleating about government interference while working for firms that would have collapsed if not for taxpayers’ money. Numbers – those trillions and billions – are put into context and he has a good eye for a simile: for speculators, the arrival of the credit derivatives market so soon after the dot-com crash, “was like a guy turning up at a rave with a bag of Ecstasy pills right after the drug squad has just left”. In the end, Mason is quite sure where the blame lies for our malaise: Wall Street and the politicians in its pay. He is optimistic that the high priests of finance won’t have the same level of power again. Unless American politics is funded differently, I fear that they always will. Either way, this is a good read.”

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verso-9781844673964-meltdown-smallLarry Elliott, the Guardian’s Economics Editor, has reviewed Paul Mason’s Meltdown: The End of the Age of Greed in the latest edition of Red Pepper.

“An excellent account of the humbling of the former masters of the universe.”

Click here to read more about the book from the Verso website.

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verso-9781844673964-meltdown-smallPaul Mason, BBC Newsnight’s Economics Editor and author of Meltdown: The End of the Age of Greed, was interviewed in the 11th May edition of the Irish Times.  See below.

‘Neo-liberalism, he says, has brought five negative impacts: inequality in the developed world, the rise of personal debt in Anglo-Saxon economies, redistribution of profits from non-financial to financial sectors, growing personal and financial insecurity and what he calls the ‘relentless commoditisation of aspects of human life’.

Put more succinctly, he paints a bleak picture. “Borrow big time, negotiate your own salary, duck and dive, migrate if you have to. . . but lock your door at night. And let your hair down. They can treat you like shit at work, but they can’t tell you who to sleep with, or what time the pubs close any more.”’ READ MORE

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verso-9781844673964-meltdown-smallPaul Mason with Liaquat Ahamed and Neal Lawson: The Credit Crunch

Stock markets are a metaphor for change, reflecting economic boom and bust, and prey to the forces of political decisions, wars and natural disasters. Paul Mason, Economics Editor at BBC Newsnight and author of Meltdown: The End of the Age of Greed discusses the credit crunch and the future of capitalism with Liaquat Ahamed, author of Lords of Finance: 1929 -The Great Depression and the Bankers who Broke the World and Neal Lawson author of All Consuming.

As the world’s economy enters a new era, the panel discuss how we got where we are, what can be done about it and how the brave new world of regulated capitalism will affect different sectors of society.

Click here to book

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verso-9781844673964-meltdown-smallPaul Mason’s Meltdown was reviewed in the Guardian and Daily Telegraph this Saturday

“A page-turning account … Mason is refreshingly clear-eyed about the operation of today’s finance-driven capitalism – and angry.” Will Hutton, Guardian
READ MORE….

Click here to read the Daily Telegraph review of Meltdown

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