The enigma of capital : and the crises of capitalism
(Book)
Author
Published
New York : Oxford University Press, 2010.
Format
Book
ISBN
9780199758715 (hbk.), 0199758719 (hbk.)
Physical Desc
viii, 296 pages : illustrations ; 25 cm
Status
Morris County Library - Adult Nonfiction
330.122 HAR
1 available
330.122 HAR
1 available
Description
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Copies
Location | Call Number | Status |
---|---|---|
Morris County Library - Adult Nonfiction | 330.122 HAR | Available |
Subjects
LC Subjects
More Details
Published
New York : Oxford University Press, 2010.
Language
English
ISBN
9780199758715 (hbk.), 0199758719 (hbk.)
Notes
General Note
"Published in the United Kingdom in 2010 by Profile Books Ltd."--T.p. verso.
Bibliography
Includes bibliographical references (pages 263-267) and index.
Description
"Since the moment the deeply unsettling financial disaster erupted in September 2008, a crisis of confidence has gripped the economic mind. Experts of all stripes, from Alan Greenspan on down, were at a loss to explain what had happened. David Harvey saw this moment coming. A legendary scholar and critic of capitalism, he has been warning of problems for decades. Now, in The Enigma of Capital, Harvey provides a sweeping and brilliantly clear explanation of how the disaster happened, and how we can avoid another like it. Unlike other commentators, Harvey does not focus on subprime loans or mortgage securitization as the root cause of the calamity. Instead, he looks at something that reaches far deeper into the heart of capitalism--the flow of money through society. He shows how falling profit margins in the 1970s generated a deep transformation. With government assistance, capital was freed to flow across borders, and production moved to cheaper labor markets, depressing workers' incomes in the West. But as more and more money moved out of the laboring classes and into the pockets of the wealthy, a problem arose--how could the workers afford to buy the products which fueled the now-global economy? To solve this problem, a new kind of finance capitalism arose, pouring rivers of credit to increasingly strapped consumers. Moreover, these financial institutions loaned money to both real-estate developers as well as home buyers--in effect, controlling both the supply and demand for housing. But when the real-estate market collapsed, so did this financial edifice, an edifice that dominated our economy. We cannot afford to simply shore up this financial system, Harvey writes; we need to undertake a radical overhaul. With this landmark account, he offers a richly informed discussion of how we can turn our economy in a new direction--fairer, healthier, more just, and truly sustainable"--Publisher's description.
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Citations
APA Citation, 7th Edition (style guide)
Harvey, D. (2010). The enigma of capital: and the crises of capitalism . Oxford University Press.
Chicago / Turabian - Author Date Citation, 17th Edition (style guide)Harvey, David, 1935-. 2010. The Enigma of Capital: And the Crises of Capitalism. Oxford University Press.
Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)Harvey, David, 1935-. The Enigma of Capital: And the Crises of Capitalism Oxford University Press, 2010.
MLA Citation, 9th Edition (style guide)Harvey, David. The Enigma of Capital: And the Crises of Capitalism Oxford University Press, 2010.
Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.
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