Cockshott, W.P. and Zachariah, D. (2010) Credit crunch: origins and orientation. Science and Society, 74(3), pp. 343-361. (doi: 10.1521/siso.2010.74.3.343)
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Abstract
The cyclical pattern of capitalism is periodically punctuated by severe crises that lead to restructuring of the political-economic system. In this article we argue that the underlying factor of the current crisis is a real economic imbalance caused by an unprecedented growth of the nancial sector. Moreover, we argue that a return to an expansive era of capital accumulation will become impossible in the advanced countries.
| Item Type: | Articles (Other) |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Cockshott, Dr William |
| Authors: | Cockshott, W.P., and Zachariah, D. |
| Subjects: | H Social Sciences > HG Finance H Social Sciences > HB Economic Theory |
| College/School: | College of Science and Engineering > School of Computing Science |
| Journal Name: | Science and Society |
| ISSN: | 0036-8237 |
| ISSN (Online): | 1943-2801 |
| Related URLs: |
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