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Crisis Archive

Posted by N Pepperell 13/10/2008 @ 7:04 am  
Filed in Current Events, Links, Political Economy

Apologies again for the lack of posting recently – I’ll try to join the fray again very soon, and am particularly keen to pick up on elements of the discussion currently unfolding in relation to my last post: soon.

In the meantime, I just wanted to archive a few introductory reference links on the crisis. First, if folks haven’t noticed it, there is a useful collection of orientational links on the crisis being collected at a new blog titled The Money Meltdown, which is geared to non-specialist readers trying to make sense of the crisis. Lumpenprof has recently raised the question of how to discuss elements of the crisis with undergraduate students – I had suggested the Giant Pool of Money episode from This American Life was an accessible and interesting way “in” to the crisis for undergraduates – I haven’t had a chance to look at the transcript to the more recent follow-up episode, but would guess that wouldn’t be a bad bet either. Some useful historical notes on the crisis can be found in this piece by R.D. Congleton.

I’ll do something less… referential very soon. Unfortunately, since I can’t really pull myself out of thesis space right now, my comments will most likely be more abstract and non-specific to this particular situation than I would like to make them. If others have links they’d like to recommend on the crisis, please feel free to post them here – with a quick indication, if you could, of what the linked material discusses and why you would recommend it.

Many thanks…


Also of Interest

2 Responses to “Crisis Archive”

  1. 1   Dan Hirschman wrote:

    My brief annotated financial crisis bibliography is here. I particularly recommend the NPR Planet Money blog/podcast – they are the people who did the two excellent This American Life episodes, and now they are updating quite frequently.

    Monday, 13/10/2008 at 8:14 am | Permalink
  2. 2   N Pepperell wrote:

    Dan – Thank you for this.

    A couple of other links, just to archive in one spot – both to sites attempting to collate resources from Marxist analyses:

    Marx and the Financial Crisis of 2008 – from its introductory post:

    This blog aims to collect materials (especially online materials) on the contribution Marxian theory can make to understanding the causes of the financial crisis of 2008.

    It is common ground that the immediate cause of the crisis is a vast bubble of increasingly risky lending that has blown up especially in the US in the last 10-15 years, and has now gone into a savage reverse triggered by the collapse in house prices and rising level of mortgage defaults. But the more fundamental questions are: What is it about the modern US economy that has given rise to this credit bubble? Are bubbles like this intrinsic to a capitalist economy as such or only to the ‘deregulated’ version of it in the US since the 1970s? Or does the development of capitalism drive in the direction of forms of it that are increasingly susceptible to such credit bubbles?

    There are a plenty of left-wing websites that talk in generic terms about the ‘anarchic nature of capitalism’, the ‘growth of financial parasitism’, or the ‘decay of American capitalism’, but these phrases by themselves do not explain anything. Nor does referring to the ‘tendency of the rate of profit to fall’ unless it can be shown how this tendency gives rise to credit bubbles. Here we aim to collect material that tries seriously to link an explanation of the present credit bubble and its implosion to Marx’s basic account of the capitalist economy.

    Radical Perspectives on the Crisis:

    The world is falling apart and we want to know why and what to do about it. Some of us have been studying some of this stuff for a while and others are trying to brush up quick.

    On this site we will post all the useful information we can find on understanding and grappling with the shit that capitalism will throw at us over the next months, as well as seeking exit strategies in the struggles which develop.

    Sunday, 19/10/2008 at 2:04 pm | Permalink

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