1. Neoliberal explanations of the financial crisis -- 2. Keynesian explanations of the financial crisis -- 3. Specious theories of mainstream economics -- 4. Evolution and characteristics of finance capital : a new phase, not just another cycle -- 5. Marxian views of financial crises -- 6. Debt...

Marxist views of the relationship between financial and real cycles suffer from three major weaknesses: (a) financial developments are almost always reactions to real sector developments; (b) financial crises can trigger but not cause real sector crises; and (c) the 2008 financial crash played...

This paper puts forth (and documents) an argument that the escalating US military spending at the expense of non-military public spending is steadily undermining the critical national objective of public-capital formation (both physical and human) and that, if not stopped, the resulting trend...