Setting out from an unapologetical Marxist perspective, The Long Depression argues that the global economy remains in the throes of a depression. Making the case that the profitability of capital is too low, and the debt built up before the Great Recession too high, leading radical economist Michael Roberts persuasively presents his case that this depression will persist until the profitability of capital is restored through yet another slump.
Setting out from an unapologetical Marxist perspective, The Long Depression argues that the global economy remains in the throes of a depression. Making the case that the profitability of capital is too low, and the debt built up before the Great Recession too high, leading radical economist Michael Roberts persuasively presents his case that this depression will persist until the profitability of capital is restored through yet another slump.
'A beautiful work that is in turn haunting, touching and redemptive' SIMON SEBAG MONTEFIORE
'Generous in spirit, devoid of self-pity, and an authentic literary achievement' ANDREW SOLOMON
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'The idea of a highly accessible resource on depression is a good one...It fills an important gap in the literature and represents a very helpful addition to the library of clinicians - expert and...
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