The Economic Crisis Reader, 2nd edition

The mainstream pundits tell us that no one anticipated the massive economic shocks of the past few years. The Economic Crisis Reader debunks that myth and many other misdiagnoses of the current crisis. With more than 60 well-researched, clearly written articles, this lively reader explains the causes, consequences, and possible solutions to the ongoing economic crisis. Chapters focus on the housing boom and bust, the financial meltdown, Fed policy, fiscal stimulus, the impact on workers, global dimensions, and more. The updated second edition includes the latest news and analysis, including thought-provoking ideas for reforming our economic system to prevent similar crises in the future.

The Economic Crisis Reader is another exceptional collection of essays about important subjects from the venerable Dollars & Sense. A first-class group of economists and journalists cover every aspect of the most severe economic collapse since the Great Depression: the causes of the crisis, the events leading up to it, its impact on working people and their responses to it, the ins-and-outs of financial markets, the U.S. government s inadequate responses to the crisis, international dimensions, and numerous suggestions for the reforms of and more radical changes in our economic system that would avoid such crises in the future. Every chapter is clearly written, and even the most complex topics from mortgage-backed securities and credit default swaps to the mechanics of monetary policy and the crowding-out effect are made eminently comprehensible. This book should be used in every undergraduate economics class in every college in the world and in every worker-education course and study group. Teachers, including especially those who have been preaching economic orthodoxy, had better read it too! --Michael Yates, author of The ABCs of the Economic Crisis: What Working People Need to Know and Associate Editor, Monthly Review

This is distinguished public service. The Economic Crisis Reader brings together many short essays by those who were actually in the right as the crisis unfolded, as well as useful and accessible analysis from a left perspective. This effort is worth a truckload of recent mainstream journal articles. --James K. Galbraith, Professor, LBJ School of Public Affairs, the University of Texas at Austin, and author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too

My students absolutely loved The Economic Crisis Reader. It was adopted for the course titled "Economic Crisis"; (300-level). Based on student evaluations, the course was a great success, and students commented that they really liked the selection of articles in the Crisis Reader. They even mentioned that they read many articles that weren't even assigned on the syllabus. Thanks for producing great books for our students! --Alla Semenova, Department of Economics, Dickinson College

This is distinguished public service. The Economic Crisis Reader brings together many short essays by those who were actually in the right as the crisis unfolded, as well as useful and accessible analysis from a left perspective. This effort is worth a truckload of recent mainstream journal articles. --James K. Galbraith, Professor, LBJ School of Public Affairs, the University of Texas at Austin, and author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too

My students absolutely loved The Economic Crisis Reader. It was adopted for the course titled "Economic Crisis"; (300-level). Based on student evaluations, the course was a great success, and students commented that they really liked the selection of articles in the Crisis Reader. They even mentioned that they read many articles that weren't even assigned on the syllabus. Thanks for producing great books for our students! --Alla Semenova, Department of Economics, Dickinson College