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The Great Recession

really liked it 4.00  ·  Rating details ·  10 ratings  ·  2 reviews
The Great Recession of 2008-9 was the worst slump in the world economy since the Great Depression in the 1930s. Michael Roberts forecast that it would happen a few years before and in this book he explains why the Great Recession happened - relying on Marx's analysis of the laws of motion in a capitalist economy. And he makes predictions of whether and when it could happen ...more
Paperback, 336 pages
Published December 3rd 2009 by Lulu Press
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really liked it 4.00  · 
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Leman
Jan 31, 2016 rated it really liked it
Müəllifin 2008-ci il iqtisadi böhranından əvvəl və böhran dövründə yazdığı yazılar toplusudur. Müəllif böhranın gözlənmədiyi və dünya bazarlarının çiçəklənmə yaşadığı dövrlərdə yazdığı fəsillərdə belə mənfəət norması tsiklinə və iqtisadi tsikllərə əsasən, yaxınlaşan böhrandan xəbər verir. Müəyyən fikirlərin dəfələrlə təkrar olunması bir qədər yorucu olsa da, böhranın səbəbləri sadə şəkildə izah olunur.
Dominick Cortese
Nov 14, 2012 rated it really liked it
Incredible book by an incredible author. Rather than theories predicated on Keynes' effective demand, he makes clear that it is, in fact, the falling rate of profit that causes crisis.
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Michael Roberts has worked as an economist for over thirty years in the City of London financial center.