Greek Capitalism In Crisis

Author : Stavros Mavroudeas
Publisher : Routledge
ISBN 13 : 1317756134
Total Pages : 293 pages
Book Rating : 4.32/5 ( download)

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Download or read book Greek Capitalism in Crisis written by Stavros Mavroudeas and published by Routledge. This book was released on 2014-07-25 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the depth of the Greek crisis, the exorbitant burdens placed upon the working people and the massive popular resistance movement to capitalist policies, there is a definite lack of consistently Marxist analyses of the Greek problem. International debates regarding the Greek crisis have been dominated by orthodox (Neoclassical and neo-Keynesian) approaches. The heterodox side of these debates has been occupied by Radical Political Economy approaches (usually radical post-Keynesian or Marxo-Keynesian perspectives). Moreover, they are dominated by the ‘financialisation’ thesis which is quite alien to Marxism, neglects the sphere of production and professes that the global crisis is simply a financial crisis that has nothing to do with ‘real’ accumulation and the profit rate. This book argues that by emphasising the sphere of production and profitability, classical Marxist analysis better explains the Greek crisis than its orthodox and heterodox competitors. The contributors present critiques of the prevalent approaches and offer studies of the Greek crisis that use the methodology and the analytical and empirical tools of classical Marxist Political Economy. In particular, it is shown that the Greek crisis was caused by falling profitability and the ensuing overaccumulation crisis. The ‘broad unequal exchange’ existing between the euro-center and the euro-periphery contributed to Greek capital’s falling profitability. This book enriches the debate about the Greek economic crisis by demonstrating the insights that can be drawn by considering the Marxist alternative to the dominant mainstream and heterodox approaches.

Author : Stavros Mavroudeas
Publisher : Routledge
ISBN 13 : 1317756142
Total Pages : 263 pages
Book Rating : 4.49/5 ( download)

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Download or read book Greek Capitalism in Crisis written by Stavros Mavroudeas and published by Routledge. This book was released on 2014-07-25 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the depth of the Greek crisis, the exorbitant burdens placed upon the working people and the massive popular resistance movement to capitalist policies, there is a definite lack of consistently Marxist analyses of the Greek problem. International debates regarding the Greek crisis have been dominated by orthodox (Neoclassical and neo-Keynesian) approaches. The heterodox side of these debates has been occupied by Radical Political Economy approaches (usually radical post-Keynesian or Marxo-Keynesian perspectives). Moreover, they are dominated by the ‘financialisation’ thesis which is quite alien to Marxism, neglects the sphere of production and professes that the global crisis is simply a financial crisis that has nothing to do with ‘real’ accumulation and the profit rate. This book argues that by emphasising the sphere of production and profitability, classical Marxist analysis better explains the Greek crisis than its orthodox and heterodox competitors. The contributors present critiques of the prevalent approaches and offer studies of the Greek crisis that use the methodology and the analytical and empirical tools of classical Marxist Political Economy. In particular, it is shown that the Greek crisis was caused by falling profitability and the ensuing overaccumulation crisis. The ‘broad unequal exchange’ existing between the euro-center and the euro-periphery contributed to Greek capital’s falling profitability. This book enriches the debate about the Greek economic crisis by demonstrating the insights that can be drawn by considering the Marxist alternative to the dominant mainstream and heterodox approaches.

Author : Stavros Mavroudeas
Publisher :
ISBN 13 : 9781315798301
Total Pages : 0 pages
Book Rating : 4.01/5 ( download)

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Download or read book Greek Capitalism in Crisis written by Stavros Mavroudeas and published by . This book was released on 2014-07-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the depth of the Greek crisis, the exorbitant burdens placed upon the working people and the massive popular resistance movement to capitalist policies, there is a definite lack of consistently Marxist analyses of the Greek problem. International debates regarding the Greek crisis have been dominated by orthodox (Neoclassical and neo-Keynesian) approaches. The heterodox side of these debates has been occupied by Radical Political Economy approaches (usually radical post-Keynesian or Marxo-Keynesian perspectives). Moreover, they are dominated by the 'financialisation' thesis which is quite alien to Marxism, neglects the sphere of production and professes that the global crisis is simply a financial crisis that has nothing to do with 'real' accumulation and the profit rate. This book argues that by emphasising the sphere of production and profitability, classical Marxist analysis better explains the Greek crisis than its orthodox and heterodox competitors. The contributors present critiques of the prevalent approaches and offer studies of the Greek crisis that use the methodology and the analytical and empirical tools of classical Marxist Political Economy. In particular, it is shown that the Greek crisis was caused by falling profitability and the ensuing overaccumulation crisis. The 'broad unequal exchange' existing between the euro-center and the euro-periphery contributed to Greek capital's falling profitability. This book enriches the debate about the Greek economic crisis by demonstrating the insights that can be drawn by considering the Marxist alternative to the dominant mainstream and heterodox approaches.

Author : Spyros Sakellaropoulos
Publisher : Springer
ISBN 13 : 3030143198
Total Pages : 297 pages
Book Rating : 4.90/5 ( download)

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Download or read book Greece’s (un) Competitive Capitalism and the Economic Crisis written by Spyros Sakellaropoulos and published by Springer. This book was released on 2019-05-15 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews the profound transformation to the Greek political economy in recent years and considers the reasons that have led to this transformation. Further, the author explores the social experimentation and social diversity that evolved as a result of the Greek and international economic crises. By challenging various assumptions made about the crisis, the author sheds light on Greek social relations and the country’s particular type of capitalist development. This book will be of value to both economists and sociologists, linking discussions about social class with economic, political and institutional analyses.

Author : Spyros Sakellaropoulos
Publisher :
ISBN 13 : 9783030143206
Total Pages : 297 pages
Book Rating : 4.01/5 ( download)

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Download or read book Greece's (un) Competitive Capitalism and the Economic Crisis written by Spyros Sakellaropoulos and published by . This book was released on 2019 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews the profound transformation to the Greek political economy in recent years and considers the reasons that have led to this transformation. Further, the author explores the social experimentation and social diversity that evolved as a result of the Greek and international economic crises. By challenging various assumptions made about the crisis, the author sheds light on Greek social relations and the country's particular type of capitalist development. This book will be of value to both economists and sociologists, linking discussions about social class with economic, political and institutional analyses.

Author :
Publisher : BRILL
ISBN 13 : 9004280898
Total Pages : 314 pages
Book Rating : 4.92/5 ( download)

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Download or read book Crisis, Movement, Strategy: The Greek Experience written by and published by BRILL. This book was released on 2018-09-04 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 2010 Greece entered a period of austerity, protest and political crisis. The contributions in this volume deal with questions regarding capitalist crisis, debt, European integration, political crisis, new forms of protest, the rise of neo-fascist parties and left-wing strategy today.

Author : Yiannis Mylonas
Publisher : BRILL
ISBN 13 : 9004409181
Total Pages : 277 pages
Book Rating : 4.87/5 ( download)

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Download or read book The “Greek Crisis” in Europe written by Yiannis Mylonas and published by BRILL. This book was released on 2019-07-22 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: The “Greek Crisis” in Europe: Race, Class and Politics, analyses the publicity of the so-called “Greek crisis” by deploying critical theory and cultural studies perspectives. The study discloses racial and class media biases, and their associations with austerity.

Author : Vassilis K. Fouskas
Publisher : Routledge
ISBN 13 : 1351047507
Total Pages : 216 pages
Book Rating : 4.00/5 ( download)

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Download or read book Greece in the 21st Century written by Vassilis K. Fouskas and published by Routledge. This book was released on 2018-03-14 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: For most of the first part of the 21st century Greece has been seen as a critical battlefield for the survival of the powerful and the adjustment or extinction of the weak, as if all the historical contradictions of the global financial crisis and the eurozone crisis were concentrated in that tiny part of the world, with a population of just 11 million people and a GDP of less than 2% of that of the European Union as a whole. While the country has been overpowered by the disciplinarian and deeply authoritarian policy mix of ordoliberal/neoliberal rules, as this book attempts to show, there is hope. Defeat does not end the crisis, and crisis means constant opportunity. In this state of affairs, all types of agencies try to take advantage of the conditions and opportunities in order to advance towards positions of power and provide the best of solutions for the class interests they represent. Thus, harsh conflict is inevitable and if history provides a yardstick, it is that in periods of conflict and crisis, the winner, usually, is the one who manages to strike the right political and social alliances at the right time. The editors have assembled in this volume a number of interdisciplinary chapters and arguments which, despite their differences, share the strategic aim of a critique of both neoliberalism/ordoliberalism and new authoritarianism. Chapters examine the eurozone crisis from a variety of angles with reference to Greece, and Greek politics and society. With this collection of heterodox and scholarly essays, the authors and editors aim to offer a progressive understanding of current historical circumstances. Constantine Dimoulas is an Assistant Professor in social administration and evaluation of social programmes at Panteion University, Greece. Vassilis K. Fouskas is Professor of international politics and economics at the University of East London, UK, and the founding editor of the Journal of Balkan and Near Eastern Studies (Taylor & Francis).

Author : Ioannis Bournakis
Publisher : Springer
ISBN 13 : 3319637061
Total Pages : 388 pages
Book Rating : 4.68/5 ( download)

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Download or read book Political Economy Perspectives on the Greek Crisis written by Ioannis Bournakis and published by Springer. This book was released on 2017-11-27 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive guide to the on-going Greek debt crisis. It identifies and explains Greece’s idiosyncratic weaknesses, and highlights the existing rigidities in the EU architecture that make the recovery prospects of the Greek economy challenging. Chapters from expert contributors highlight aspects of the performance of the Greek economy with focus on export performance, labour market conditions, political cycles and regional income disparities. The book then goes on to outline the banking system in Greece in the post-crisis era, and includes analysis that explains how the credit rating score affected Greece’s borrowing capacity prior to the start of the insolvency crisis. The final part analyses and compares alternative scenarios of fiscal consolidation, seeking to identify whether there are alternatives to fiscal austerity and the impact of each one of them. This section also clarifies various misconceptions about the significant determinants of international competitiveness. Despite the focus of the book, the lessons drawn from the chapters are not limited to Greece. This volume will be of interest to academics, practitioners and policy makers who wish to take a closer look at the Greek debt crisis and learn more about the challenges the Greek economy is currently facing.

Author : Richard A. Posner
Publisher : Harvard University Press
ISBN 13 : 9780674051294
Total Pages : 372 pages
Book Rating : 4.97/5 ( download)

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Download or read book A Failure of Capitalism written by Richard A. Posner and published by Harvard University Press. This book was released on 2011-05-31 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial and economic crisis that began in 2008 is the most alarming of our lifetime because of the warp-speed at which it is occurring. How could it have happened, especially after all that we've learned from the Great Depression? Why wasn't it anticipated so that remedial steps could be taken to avoid or mitigate it? What can be done to reverse a slide into a full-blown depression? Why have the responses to date of the government and the economics profession been so lackluster? Richard Posner presents a concise and non-technical examination of this mother of all financial disasters and of the, as yet, stumbling efforts to cope with it. No previous acquaintance on the part of the reader with macroeconomics or the theory of finance is presupposed. This is a book for intelligent generalists that will interest specialists as well. Among the facts and causes Posner identifies are: excess savings flowing in from Asia and the reckless lowering of interest rates by the Federal Reserve Board; the relation between executive compensation, short-term profit goals, and risky lending; the housing bubble fuelled by low interest rates, aggressive mortgage marketing, and loose regulations; the low savings rate of American people; and the highly leveraged balance sheets of large financial institutions. Posner analyzes the two basic remedial approaches to the crisis, which correspond to the two theories of the cause of the Great Depression: the monetarist--that the Federal Reserve Board allowed the money supply to shrink, thus failing to prevent a disastrous deflation--and the Keynesian--that the depression was the product of a credit binge in the 1920's, a stock-market crash, and the ensuing downward spiral in economic activity. Posner concludes that the pendulum swung too far and that our financial markets need to be more heavily regulated. Read Richard Posner's blog, and his latest article in The Atlantic.