The Great Recession and the State of American Capitalism
Bibliographic Data
| ID | 10489404 |
|---|---|
| Authors | Maria N Ivanova (0000-0001-5687-432X, University of Kassel Faculty of Social Sciences Nora-Platiel-Str. 1 34127 Kassel, Germany, corresponding author) |
| Year | 2013 |
| Volume | 77 |
| Issue | 3 |
| Pages | 294-314 |
| Publication date | 2013-06-04 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Science & Society (JOURNAL) |
| Journal identifiers | ISSN: 0036-8237 • E-ISSN: 1943-2801 |
| Publisher | Guilford Press (PUBLISHER • US) |
| DOI | 10.1521/siso.2013.77.3.294 |
| OpenAlex | W2046287560 |
| Language | EN |
| References cited | 14 |
The panic that started in the U. S. mortgage and securities markets in the summer of 2007 and the near depression that followed triggered widespread expectations for a "return of the state" which ultimately failed to materialize. Instead of rediscovering regulated capitalism that would re-embed finance for the purpose of the common good, public policies took a decisive turn to austerity. Those who put their faith in the ability of the state to save capitalism from itself (again) failed to see that the Great Recession was not merely an economic downturn but a crisis of accumulation whose multiple dimensions involve the totality of capitalist social relations. That is, the economic crisis signified simultaneously a crisis of the policies and the institutions of the state
Austerity · Capitalism · Economics · Faith · Financial crisis · Great Depression · Keynesian economics · Market economy · Political economy · Political science · Recession · State (computer science · Housing, Finance, and Neoliberalism · Law · Political and Economic history of UK and US · Social Policy and Reform Studies
The Fiscal Crisis of the State
Financialisation and capital accumulation in the non-financial corporate sector
Analyzing the Amazon Mechanical Turk marketplace
Grundrisse
From Financial Crisis to World-Slump
Gramscian hegemony
Revisiting the Urbanization of Capital
Capital, Crisis and the State
The right to the city
Marxism, Sociology and Poulantzas' Theory of the State
Consumerism and the Crisis
| Citation velocity | historical |
|---|---|
| Highly cited | No |