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The Credit Crunch: a Marxist Analysis

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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 Pröbsting argue that the credit crunch foreshadows a crisis of globalisation.

 

 

 

 
The Credit Crunch: A Marxist Analysis,
R. Brenner and P. Pröbsting,
Prinkipo, 2008,
ISSN 17422221

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