It is instructive to see how the issue of business cycles was looked upon by John Maynard Keynes and Joseph Schumpeter, each of whom wrote masterly tracts on the subject in the 1930s. Though Keynes...
Global Economic And Financial Crisis
While evaluating the Indian policy responses to the global crisis, this article focuses on the likely extent of the spread of the crisis to India and how it will affect the domestic economy. In India...
Our sights must be set on moderating the recurring cycle of financial crises and our solutions must go beyond the instruments, institutions or individuals of the day. Blaming offshore financial...
The effects of the global financial crisis have been more severe than initially forecast. The turning point was the decision in September 2008 to let Lehman Brothers fail, an event that had a series...
Even as analysts and policymakers in the United States and Europe are debating whether nationalisation is the best option to deal with the crisis in the banking system, governments have already opted...
We are now in the midst of the worst financial crisis since the Great Depression. This crisis is the latest phase of the evolution of financial markets under the radical financial deregulation...
The current financial crisis should be viewed as a network crisis, because due to a whole series of deregulation measures, financial reforms and technological and financial innovations, the world has...
This paper attempts to understand the nature of the current financial crisis by identifying the main characteristics of the system that became vulnerable to collapse due to falling asset prices. It...
This essay argues that pragmatism as a temporary prop to stabilise the crumbling financial system is distinct from pragmatism as a governing ethic. The emerging common sense worldwide and in India...
This essay examines the consequences of the global economic and financial crisis for income distribution. It first discusses the distributional background of the crisis, which is followed by an...
The global financial and economic crisis is of such magnitude that 2008 will probably be looked back upon as a turning point equivalent to 1945, 1971 and 1989. The silver lining is that the crisis...
Almost nowhere are the labour movement and the left prepared to respond to the world economic crisis even as the latter deepens. Today's economic crisis and labour's response cannot be a replay of...
This paper describes the current credit crisis and explains aspects of its macro and micro features. In particular, it describes the mechanism by which sub-prime mortgages and securitisation products...
Contrasting and analysing the role of regulation and regulators in dealing with two financial crises in the United States brought on by epidemics of control fraud - the us savings and loan debacle of...
This paper analyses the current crisis through a Marxian framework. It focuses on the creation of a new regime of accumulation (neoliberalism) since the 1970s as a response to the profitability...
