The world economy is riven by very large imbalances, with the U.S. economy exhibiting high levels of consumption but low savings ratios and a high current account deficit while China provides the mirror opposite. In this paper, we explore the structural causes of these imbalances that underpin...

May 6th 2010, 2.45pm. The Dow Jones Industrial Average falls by nearly 1000 points, trillions of dollars were 'wiped' from the value of major US stocks and, for a few long minutes, the global economy was on the brink of a new catastrophe. Then 'it' all came back. It remains unclear what,...

Stephen Dunne recently sat down with Ole Bjerg to chair a discussion about his new book Making Money: The Philosophy of Crisis Capitalism (Verso, 2014). We publish an elaborated version of the book's concluding chapter - 'Life after Debt' - within this special issue. This interview and question...