. 'America's exhausted paradigm: Macroeconomic causes of the financial crisis and Great Recession', new school economic review, 4 … gessellschaft (international politics and society), april, 2009, 22-39 253 -- 17. 'Labor in the global economy: The globalization …, Europe, and global economy. It shows how the 2008 financial crisis and Great Recession were predictable outcomes of the …