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Edited by Costas Lapavitsas

The turmoil of 2007-2009 is a crisis of financialised capitalism, and for this reason it is systemic and unusual. The crisis commenced in the sphere of finance, spread to production, and then became a world recession. Its unusual character is apparent since never before has a global economic crisis been triggered by banks lending to workers to buy houses. Moreover, state intervention to forestall the crisis becoming a major depression has been unprecedented. This book brings together several well-known political economists to analyse the domestic and international aspects of financialisation, thus putting the crisis in its appropriate context. It draws on Marxist and other heterodox economics to cast light on the broader implications of financialisation and crisis for society.

Valentine M. Moghadam

© Koninklijke Brill NV, Leiden, 2011 DOI: 10.1163/156914911X555080 PGDT 10 (2011) 30-40 P E R S P E C T I V E S O N G L O B A L D E V E L O P M E N T A N D T E C H N O L O G Y Women, Gender, and Economic Crisis Revisited Valentine M. Moghadam Purdue University, Professor of

Making a Living between Crises and Ceremonies in Tana Toraja

The Practice of Everyday Life of a South Sulawesi Highland Community in Indonesia


Edwin B.P. de Jong

The practice of everyday life in Tana Toraja (South Sulawesi, Indonesia) is structured by a series of public events, of which funerals are the most important. Even after Indonesia was hit by an economic crisis in the late 1990s, thousands of extravagant funeral ceremonies, requiring huge expenditures, were still organized each year. To understand the paradoxes and complexities of Torajan livelihoods, Edwin de Jong develops an approach that goes beyond existing economically biased perspectives on livelihoods by including both the cultural and the economic realm, positioned in the socio-political world with a transnational perspective, placed against a historical background, while not losing sight of diversity and individual creativity. It also advances the ethnography of Tana Toraja and the comparative study between numerous similar societies.

Thomas Kalinowski

Comparative Sociology 6 (2007) 344–373 Comparative Sociology CompSoc © Koninklijke Brill NV, Leiden, 2007 DOI: 10.1163/156913307X216303 Democracy, Economic Crisis, and Market Oriented Reforms* Observations from Indonesia and South Korea since the Asian Financial Crisis Th omas

Jerry Harris

Introduction Is the worldwide economic crisis the end of globalization? There certainly has been a retreat of trade, foreign direct investments, cross-border mergers and other indicators of the transnational economy. But the real question is whether or not national economies are growing

Ben Fine and Dimitris Milonakis

© Koninklijke Brill NV, Leiden, 2011 DOI: 10.1163/156920611X573770 Historical Materialism 19.2 (2011) 3–31 ‘Useless but True’: Economic Crisis and the Peculiarities of Economic Science * Ben Fine a and Dimitris Milonakis b a SOAS, University of London b University of

George Liodakis

Introduction The longstanding and variant manifestations of economic and ecological crisis over the last few decades (especially since the 1970s) and the current exacerbation of this crisis pose crucial questions regarding both social and ecological sustainability. Some of these questions are

Hassan Y. Aly and Mark C. Strazicich

of 2007−09. More clearly, in this paper, several research questions will be addressed: Did the financial crisis impact economic growth in the NA countries? If the answer is positive, how severe is the impact? Will the impact have permanent effects on economic growth or be mostly transitory? And which

Pavel V. Maksakovsky: The Capitalist Cycle

An Essay on the Marxist Theory of the Cycle


Richard Day and Pavel Maksakovsky

The Capitalist Cycle is a translation of a previously unknown work in Marxist economic theory. Originally published in 1928, this rediscovered work is one of the most creative essays witten by a Soviet economist during the first two decades after the Russian Revolution. Following the dialectic of Hegel and Marx, Maksakovsky aims to provide a 'concluding chapter' for Marx's Capital. The book examines economic methodology and logically reconstructs Marx's analysis into a comprehensive and dynamic theory of cyclical economic crises. The introductory essay by Richard B. Day situates Maksakovsky's work within the Hegelian and Marxist philosophical traditions by emphasizing the book's dialectical logic as well as its contribution to economic science.

Joon Han and Hyun-Chin Lim

The Social and Political Impact of Economic Crisis in South Korea: A Comparative Note H yun -C hin L im Sociology Department Seoul National University J oon H an Sociology Department Hallym University The Ž ve-year term of President Kim Dae Jung ended up deepening political cleavages in the