"This volume analyses contemporary capitalism and its crises based on a theory of capitalist evolution known as the social structure of accumulation (SSA) theory. It applies this theory to explain the severe financial and economic crisis that broke out in 2008 and the kind of changes required to...

Intro -- Contents -- Introduction -- Part I: An Analytic Narrative of the Crisis -- 1. The Calm before the Storm: 2001-2006 -- 2. To the Abyss: December 2007-September 2008 -- 3. The Spectre of the Great Depression: October 2008-March 2009 -- 4. Bottoming Out: Spring 2009-Autumn 2009 -- 5. The...

Biographical note: DuménilGérard: Gérard Duménil is a Director of Research at the Centre National de la Recherche Scientifique, Paris.LévyDominique: Dominique Lévy is a Director of Research at the Centre National de la Recherche Scientifique, Paris.

In American Theocracy, Kevin Phillips warned us of the perilous interaction of debt, financial recklessness, and the increasing cost of scarce oil. The current housing and mortgage debacle is proof once more of Phillips’s prescience, and only the first harbinger of a national crisis. In Bad...