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The Great Recession and the Contradictions of Contemporary Capitalism.

The Great Recession and the Contradictions of Contemporary Capitalism

Riccardo Bellofiore & Giovanna Vertova, editors

Edward Elgar Publishing

9 Dewey Court, Northampton, MA 01060-3815

www.e-elgar.com

9780857938527, $120.00, 256pp, www.amazon.com

The Great Recession is a term used to describe the general economic decline observed in world markets around the end of the first decade of the 21st century. The exact scale and timing of the recession is debated and varied from country to country. In terms of overall impact, the IMF concluded that it was the worst global recession since World War II. According to the U.S. National Bureau of Economic Research (the official arbiter of U.S. recessions) the U.S. recession began in December 2007 and ended in June 2009, and thus extended over 18 months. The Great Recession was related to the U.S. subprime mortgage crisis and financial crisis of 2007-08. Collaboratively compiled and co-edited by Riccardo Bellofiore (Professor of Political Economy, University of Bergamo, Italy) and Giovanna Vertova (Assistant Professor of Political Economy, University of Bergamo, Italy), "The Great Recession and the Contradictions of Contemporary Capitalism" is a 256 page compendium comprised of twelve seminal articles by researchers and economists on various international aspects of the economic recession that created the conditions of the greatest economic global downturn since the Great Depression of the 1930s. Enhanced with the inclusion of a thirty-five page Index, "The Great Recession and the Contradictions of Contemporary Capitalism" is a critically important contribution and a strongly recommended addition to academic library Economics reference collections and supplemental studies reading lists.

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Publication:Internet Bookwatch
Article Type:Brief article
Date:Mar 1, 2015
Words:263
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