The Financial and Economic Crisis of 2008: A Systemic Crisis of Neoliberal Capitalism

This paper presents a case that the financial and economic crisis that began in the United States in 2008 indicates the start of a systemic crisis of neoliberal capitalism. The same institutional features of neoliberal capitalism that promoted a series of long economic expansions over several decades also created long-run trends that have led to a systemic crisis. Major economic restructuring is likely to follow.

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Year of publication:	2009
Authors:	Kotz, David M.
Published in:	Review of Radical Political Economics. - Union for Radical Political Economics. - Vol. 41.2009, 3, p. 305-317
Publisher:	Union for Radical Political Economics
Subject:	neoliberalism \| social structures of accumulation \| crisis \| asset bubble \| financial fragility

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010797213