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Financial Crisis

The Risks of 21st Century Stagflation

Sun, 2010-02-14 22:29 | Jayati Ghosh

Well before the global financial crisis finally broke in September 2008, most people in developing countries were already reeling under the effects of dramatic volatility in global food and fuel markets. From late 2006, prices of most primary commodities first increased very rapidly, then collapsed even more sharply from their peaks in May-June 2008. This was not due to real economic forces, but rather financial activity, specifically the involvement of investors in index funds,writes Jayati Ghosh.

Source: 
TripleCrisis

The Obama bank plan

Sat, 2010-01-23 10:26 — jyotirmoy

The spirit is good, the content is weak.

A Note on the Nature and Sources of Chinese Recovery

Mon, 2009-11-23 15:28 | Vineet Kohli

There is a fierce debate within economists regarding the nature of recovery of the Chinese economy from the financial crisis. Vineet Kohli contributes to this debate in the attached article.

Is the Economic Crisis Over?

Tue, 2009-09-29 12:40 — subhanil

There is an argument in the popular media as well as articulated by the Federal Reserve Chief Mr. Bernanke that the current economic crisis is over. The attached article argues that the current crisis is far from over and there exist structural problems with contemporary capitalism which makes it more crisis prone.

How Did Economists Get It So Wrong?

Mon, 2009-09-07 16:29 — subhanil

Paul Krugman on the inadequacies of mainstream economics theory and its inability to reconcile with the global financial crisis.

Time to Tame Free Finance

Tue, 2009-05-26 16:47 | Vineet Kohli

"The recent crisis in global financial markets has clearly demonstrated the shortcomings of a deregulated financial regime." writes Vineet Kohli an Economist with Economic Research Foundation

 

Recommendations of the Stiglitz Commission on Finance

Wed, 2009-04-01 09:52 — subhanil

After the outbreak of the financial crisis in 2008, the President of the UN General Assembly constituted an expert commission on finance to suggest ways of getting out of the present crisis and avoiding such crises in the future. This commission was chaired by Prof. Joseph Stiglitz. The Commission has submitted its preliminary recommendations.

Less than 6.5% GDP Growth & 31.4 Lakh Non-Agricultural Job Loss in 2008-09

Thu, 2009-03-19 19:42 | Surajit Das

This article tries to estimate the extent of joblosses in India as a result of the economic down turn.

Speculation,Scams,Frauds and Crises: Theory and Facts

Thu, 2009-02-05 16:22 | Sunanda Sen

Curbs on speculatory finance and an aggressive expansionary fiscal policy are the answers to what has gone wrong in the world today,writes Sunanda Sen.

Capitalism's Burning House: Interview with John Bellamy Foster

Fri, 2009-01-23 13:23 — chirashree

Staid expert opinion coming from outside the ranks of neoliberal zealots on the economic crisis has concentrated on the feasibility of a 'New Deal' to rescue capitalism from the crisis. While opposition to war and militarism has only mounted around the world, the connect of these with the 'real economy' has not always been very central to the concern of even Left liberals.