Financial and nuclear meltdowns: the fragility of chain-reaction critical processes

Alessandro Vercelli

Chapter 12 in The Great Recession and the Contradictions of Contemporary Capitalism, 2014, pp 208-220 from Edward Elgar Publishing

Abstract: The current crisis is one of the great crises punctuating the long history of capitalism, and to be properly understood it is vital to take into account its ongoing structural transformation. This book offers plural perspectives on the Great Recession, placing the analysis of finance, class and gender at the center of the debate. It begins with a comprehensive insight into the crisis, before moving on to focus on debt, asset inflation and financial fragility. Following chapters discuss global imbalances, structural monetary reform and the management of public finance, including a investigation of the Italian experience. The book concludes with novel contributions on the gender dimension of the crisis and the analogies between a nuclear and financial chain reaction.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2014
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