The Great Recession in the US from the Perspective of the World Economy
In this article, the economic crisis from the US perspective is analyzed, using a Marxist approach. As the so-called Great Recession constitutes a general crisis of the capitalist economy at world level, this article intends to provide an analytical framework to explain it from the profitability o...
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| Format: | Article |
| Language: | English |
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Pluto Journals
2016-06-01
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| Series: | World Review of Political Economy |
| Online Access: | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.7.2.0182 |
| _version_ | 1797834201350799360 |
|---|---|
| author | Juan Pablo Mateo |
| author_facet | Juan Pablo Mateo |
| author_sort | Juan Pablo Mateo |
| collection | DOAJ |
| description | In this article, the economic crisis from the US perspective is analyzed, using a Marxist approach. As the so-called Great Recession constitutes a general crisis of the capitalist economy at world level, this article intends to provide an analytical framework to explain it from the profitability of capital point of view, while emphasizing the meaning of the real estate bubble and the placement of the US economy in the world system. In doing so, an additional objective of this article is to provide elements to reveal the limitations of the conceptions of the theory of the crisis based on income distribution, finance, neoliberalism, and generally any aspect outside the core of the process of capitalist valorization as the key explaining factor. |
| first_indexed | 2024-04-09T14:35:45Z |
| format | Article |
| id | doaj.art-5729bd78b4f94215bf5b70f2cec11b82 |
| institution | Directory Open Access Journal |
| issn | 2042-891X 2042-8928 |
| language | English |
| last_indexed | 2024-04-09T14:35:45Z |
| publishDate | 2016-06-01 |
| publisher | Pluto Journals |
| record_format | Article |
| series | World Review of Political Economy |
| spelling | doaj.art-5729bd78b4f94215bf5b70f2cec11b822023-05-03T13:37:53ZengPluto JournalsWorld Review of Political Economy2042-891X2042-89282016-06-017218220710.13169/worlrevipoliecon.7.2.0182The Great Recession in the US from the Perspective of the World EconomyJuan Pablo MateoIn this article, the economic crisis from the US perspective is analyzed, using a Marxist approach. As the so-called Great Recession constitutes a general crisis of the capitalist economy at world level, this article intends to provide an analytical framework to explain it from the profitability of capital point of view, while emphasizing the meaning of the real estate bubble and the placement of the US economy in the world system. In doing so, an additional objective of this article is to provide elements to reveal the limitations of the conceptions of the theory of the crisis based on income distribution, finance, neoliberalism, and generally any aspect outside the core of the process of capitalist valorization as the key explaining factor.https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.7.2.0182 |
| spellingShingle | Juan Pablo Mateo The Great Recession in the US from the Perspective of the World Economy World Review of Political Economy |
| title | The Great Recession in the US from the Perspective of the World Economy |
| title_full | The Great Recession in the US from the Perspective of the World Economy |
| title_fullStr | The Great Recession in the US from the Perspective of the World Economy |
| title_full_unstemmed | The Great Recession in the US from the Perspective of the World Economy |
| title_short | The Great Recession in the US from the Perspective of the World Economy |
| title_sort | great recession in the us from the perspective of the world economy |
| url | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.7.2.0182 |
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