The Credit Crunch: A Marxist Analysis

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Turmoil in the banking system, rising prices, stock market jitters and recession looming... all of a sudden - after years of optimism - everyone is talking about a 'crisis'.

But what caused the credit crunch? Some said lenders got 'too greedy'. Others blamed the regulators. Yet more denied it was even happening.

The Credit Crunch: A Marxist Analysis offers a radically different explanation.

Charting how the events unfolded, and drawing on Karl Marx's theory of crisis, Richard Brenner and Michael Proebsting argue that the credit crunch foreshadows a crisis of globalisation.

A special issue of Fifth International Journal.

Imprint: League for the Fifth International
Published: 01/05/2008
ISSN: 17422221
Length: 146 Pages
Dimensions: 207mm x 19mm x 147mm
Weight: 352g
RRP: £7