Subjects Archives: Global Economic Crisis

The authors of the most widely read book on financial panics (Manias, Panics, and Crashes: A History of Financial Crises, Fifth Edition, 2005) refer to them as “hardy perennials” and document how they have repeatedly devastated large portions of modern economies and societies over the last three centuries.  Charles Kindleberger (a professor of economics at […]

In regular high-school rituals, teachers berate students for their disinterest in, mockery of, and/or failure to focus on “the important issues” in elections for student government.  Students are forced to hear about cherishing their right to vote, taking the issues seriously, and participating fully.  Most never do.  Some notice that teachers likewise take little interest […]

An attractive social democrat, Ségolène Royal, just lost the French presidential race to a neoliberal candidate, leaving French leftists debating the causes of their failures and what to do about them.  The center-left in Italy recently defeated the staunch neo-liberal, Sylvio Berlusconi.  Yet its incapacities to define a new and different social program or mobilize […]