A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2019; you can also visit the original URL.
The file type is
Mainstream economists and macroeconomic research institutes are interpreting the economic crisis of 2008 mainly as a result of turbulances in the financial sphere of the economy. US National Accounts data indicate that Every recession in the USA from 1950 till 2010 – including the recession of 2008 – was preceded by a similar pattern in the development of the real economy. In addition the paper argues that the phenomenon of financialisation and the neoliberal regime of accumulation has itsdoi:10.32387/prokla.v44i176.167 fatcat:6ky43o6mvjc55cua2dgkvizyku