Tag Archives: credit

Why are banking systems unstable in some countries–but not in others? Since 1840, the US had 12 crises; Canada had none.

Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, “Fragile by Design” (Free access to the First chapter) demonstrates that chronic banking crises and scarce credit are not accidents … Continue reading

Posted in Books | Tagged , , , , , , , , , , , , , , | Leave a comment

DEBT

Recently, we got used to see David Graeber on TV, as one of the unofficial leaders of the Occupy movement; so what could be a better occasion to feature his unique book “Debt: The First 5,000 Years”. Graeber- professor of … Continue reading

Posted in Books | Tagged , , , , , | Leave a comment

The Enigma of Capital and the Crises of Capitalism

Apparently, only a few book-length Marxist works were published until now grappling with the current crisis: John Bellamy Foster and Fred Magdoff’s The Great Financial Crisis: Causes and Consequences (2009), Chris Harman’s Zombie Capitalism: Global Crisis and the Relevance of … Continue reading

Posted in Books | Tagged , , , , , , , , | Leave a comment

States of Credit: Size, Power, and the Development of European Polities

In his pioneering book States of Credit, David Stasavage investigates two core aspects of European state formation during the medieval and early modern eras: the development of representative institutions and a system of public credit. Stasavage sought to explain why the latter developed … Continue reading

Posted in Books | Tagged , , , , , , , , | Leave a comment