In this Book

  • Business as Usual: The Roots of the Global Financial Meltdown
  • Book
  • Craig Calhoun, Georgi Derluguian
  • 2011
  • Published by: NYU Press
summary

Situates the current crisis in the historical trajectory of the capitalist world-system, showing how the crisis was made possible not only by neoliberal financial reforms but by a massive turn away from manufacturing things of value towards seeking profit from financial exchange and credit. Much more basic than the result of a few financial traders cheating the system, this is a potential historical turning point. In original essays, the contributors establish why the system was ripe for crisis of the past, and yet why this meltdown was different. The volume concludes by asking whether as deep as the crisis is, it may contain seeds of a new global economy, what role the US will play, and whether China or other countries will rise to global leadership.

Contributors include: Giovanni Arrighi, Gopal Balakrishnan, Manuel Castells, Daniel Chirot, Fernando Coronil, Nancy Fraser, James K. Galbraith, David Harvey, Caglar Keyder, Beverly J. Silver, and Immanuel Wallerstein.

The three volumes can purchased individually or as a set.

Business as Usual is the first part of a trilogy comprised of the first three books in the Possible Future series.

Volume 1: Business as Usual
Volume 2: The Deepening Crisis
Volume 3: Aftermath

The three volumes are linked by a common introduction and can be purchased individually or as a set.

Table of Contents

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  1. Cover
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  1. Title Page, Copyright
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  1. Contents
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  1. Series Acknowledgments
  2. pp. 7-8
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  1. Series Introduction: From the Current Crisis to Possible Futures
  2. pp. 9-42
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  1. Introduction
  2. pp. 43-52
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  1. Chapter 1: The End of the Long Twentieth Century
  2. pp. 53-68
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  1. Chapter 2: Dynamics of (Unresolved) Global Crisis
  2. pp. 69-88
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  1. Chapter 3: The Enigma of Capital and the Crisis This Time
  2. pp. 89-112
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  1. Chapter 4: A Turning Point or Business as Usual?
  2. pp. 113-136
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  1. Chapter 5: Marketization, Social Protection, Emancipation:Toward a Neo-Polanyian Conception of Capitalist Crisis
  2. pp. 137-158
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  1. Chapter 6: Crisis, Underconsumption, and Social Policy
  2. pp. 159-184
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  1. Chapter 7: The Crisis of Global Capitalism: Toward a New Economic Culture?
  2. pp. 185-210
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  1. Chapter 8: The Convolution of Capitalism
  2. pp. 211-230
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  1. Chapter 9: The Future in Question: History and Utopia in Latin America (1989–2010)
  2. pp. 231-264
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  1. Notes
  2. pp. 265-292
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  1. About the Contributors
  2. pp. 293-296
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  1. Index
  2. pp. 297-312
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