Mit dem Roman "Unentschlossen" machte sich Benjamin Kunkel auch in Deutschland einen Namen. Parallel zu seinem erzählerischen Werk verfasst Kunkel Essays für Magazine wie "n+1" und "The Jacobin". Dieser Band versammelt seine wichtigsten Aufsätze über Autoren wie Fredric Jameson, David...

The class and social structure of developing nations has undergone profound transformation in recent decades as each nation has incorporated into an increasingly integrated global production and financial system. National elites have experienced a new fractionation. Emergent...

Colin Hay argues that the crisis in which we are still mired is best seen as a crisis of growth and not as a crisis of debt. It is a crisis of and for an excessively liberalised form of capitalism and the Anglo-liberal growth model to which it gave rise

This paper adopts the point of view that a crisis will face a person, organisation, region or country at some point in their life span or history. The question is how to prepare for the crises and recover from them afterwards? Some of us recover better than others and in a shorter time. The...

We review the competing explanations of the 2007-2008 global crisis, recall how governments around the world had to depart from established policy stances, and reflect on the legacy of the crisis both in terms of future challenges and changes in policy doctrine. The G-20 has addressed important...

The paper takes a theoretical look at the current financial and economic crisis, drawing on existing theories on crises of capitalism. I develop the thesis that the theories of "ungovernability" and "late capitalism" were wrong in locating the origins of crises in contemporary capitalism only...

"I describe two amplifications mechanisms that operate during liquidity crises and discuss the scope for central bank policies during crises as well as preventive policies in advance of crises. The first mechanism works through asset prices and balance sheets. A negative shock to the balance...

This paper revisits arguments about "ungovernability" and "late capitalism" developed in the seventies to inquire into their current usefulness. Both theories noted government overload. Neomarxists saw the reason in the contradictions of late capitalism, while conservatives held rising...

Bank failures during banking crises, in theory, can result either from unwarranted depositor withdrawals during events characterized by contagion or panic, or as the result of fundamental bank insolvency. Various views of contagion are described and compared to historical evidence from banking...