Title
Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It,New
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With unerring coherence and unequaled breadth of knowledge, Rick Wolff offers a rich and much needed corrective to the views of mainstream economists and pundits. It would be difficult to come away from this... with anything but an acute appreciation of what is needed to get us out of this mess.'Stanley Aronowitz, Distinguished Professor of Sociology and Urban Education, City University of New YorkCapitalism Hits the Fan chronicles one economist's growing alarm and insights as he watched, from 2005 onwards, the economic crisis build, burst, and then dominate world events. The argument here differs sharply from most other explanations offered by politicians, media commentators, and other academics. Step by step, Professor Wolff shows that deep economic structuresthe relationship of wages to profits, of workers to boards of directors, and of debts to incomeaccount for the crisis. The great change in the US economy since the 1970s, as employers stopped the historic rise in US workers' real wages, set in motion the events that eventually broke the world economy. The crisis resulted from the post1970s profit explosion, the debtdriven financeindustry expansion, and the sequential stock market and real estate booms and busts. Bailout interventions by the Federal Reserve and the US Treasury have thrown too little money too late at a problem that requires more than money to solve.As this book shows, we must now ask basic questions about capitalism as a system that has now convulsed the world economy into two great depressions in 75 years (and countless lesser crises, recession, and cycles in between). The book's essays engage the longoverdue public discussion about basic structural changes and systemic alternatives needed not only to fix today's broken economy but to prevent future crises.
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- Q: How many pages does this book have? A: This book has two hundred sixty-two pages. It's a comprehensive read that covers various economic theories.
- Q: What is the binding type of this book? A: The binding type is paperback. This makes it lightweight and easy to handle for reading.
- Q: What are the dimensions of this book? A: The book measures six inches in length, nine inches in height, and three-quarters of an inch in width. This size is convenient for both shelf storage and portability.
- Q: Who is the author of this book? A: The author is Richard D. Wolff. He is an economist known for his critical views on capitalism.
- Q: What category does this book fall into? A: This book falls into the Economic Conditions category. It provides insights into the global economic landscape.
- Q: Is this book suitable for beginners in economics? A: Yes, this book is suitable for beginners. It explains complex economic concepts in an accessible manner.
- Q: How can I use the insights from this book? A: You can use the insights to understand economic crises better and consider systemic alternatives. It's a guide for critical thinking about economic structures.
- Q: Is there a recommended reading level for this book? A: The recommended reading level is for adults and young adults. It addresses complex topics that may require prior knowledge.
- Q: What should I do to care for this paperback book? A: To care for this book, keep it dry and store it upright or flat. Avoid exposing it to direct sunlight to prevent fading.
- Q: How should I store this book? A: Store this book in a cool, dry place. Ensure it is kept away from moisture to maintain its condition.
- Q: Can I return this book if I don't like it? A: Yes, you can return this book according to the seller's return policy. Check the specific terms for details on time frames and conditions.
- Q: What if the book arrives damaged? A: If the book arrives damaged, contact the seller immediately for a replacement or refund. Most sellers have policies for damaged items.
- Q: Is this book available in digital format? A: No, this listing is specifically for the paperback version. Check with the publisher for any digital formats that may be available.
- Q: Does this book include references or citations? A: Yes, the book includes references and citations. This supports the author's arguments and provides further reading materials.
- Q: What makes this book different from other economic texts? A: This book differs by focusing on systemic issues in capitalism rather than just economic theory, providing a unique perspective.
- Q: Is there a discussion on potential solutions to economic crises in this book? A: Yes, the book discusses potential solutions and systemic changes needed to address and prevent future economic crises.