Roots of the Neoliberal Revolution
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Capital Resurgent by Gerard Dumenil
Book DescriptionThe cluster of neoliberal policies - including privatisation, liberalisation of world trade, and reduction in state welfare benefits - is an expression of the power of finance in the world economy. The sequence of events initiated by neoliberalism was not unprecedented. In the late nineteenth century, when economic conditions were similar to those of the 1970s, a structural crisis led to the first financial hegemony culminating in the speculative boom of the late 1920s. The authors argue persuasively for stabilising the world economy before we run headlong into another economic disaster.
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Book DetailsISBN: 9780674011588
(235mm x 155mm x 19mm)
Imprint: Harvard University Press
Publisher: Harvard University Press
Publish Date: 7-May-2004
Country of Publication: United States
Books By Author Gerard Dumenil
Crisis of Neoliberalism, Paperback (February 2013)» View all books by Gerard Dumenil
Examines "the great contraction" of 2007 - 2010 within the context of the neoliberal globalization that began in the early 1980s. Summarizing a large amount of troubling data, the authors show that manufacturing has declined from 40 percent of GDP to under 10 percent over the years.
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Author Biography - Gerard Dumenil
Gerard Dumenil is a Director of Research at the Centre National de la Recherche Scientifique, Paris. Dominique Levy is a Director of Research at the Centre National de la Recherche Scientifique, Paris.
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