Wray, L. Randall - In: Cambridge Journal of Economics 33 (2009) 4, pp. 807-828
We are in the midst of a global financial crisis accompanied by a deep and probably long-lasting economic downturn; indeed, some analysts are already calling this the first depression of the post-World War II era. In this article, I argue that this is a systemic crisis--a crisis of what Hyman...