Beginning with the economic meltdown of 2007/8, this book shows that the predatory mortgage lending and overleveraging - which is to say, the overextension of credit - which precipitated The Great Recession was a response to a crisis of overproduction reflective of an unavoidable contradiction...

We provide the first test of the Hoff and Stiglitz (2004) model predicting whether and under what conditions mass privatizations are accompanied by asset stripping. In addition to directly testing the theory, we also tackle an important policy-oriented issue of why a large number of efficient...