Re: Crisis readings

[Christopher Niggle <niggle@xxxxxxxxxxxxxx>]

Another good source is Marty Wolfson's "Financial Crises."
It presents and analyzes the chronological patterns about business cycle
peaks - compares timing of economic and financial events, such as profits,
interest rates, financial asset prices, real investment and GNP.  Also
compares and contrasts business cycle theories on financial crises
(compares Marx, Minsky, Schumpeter, etc.).  The book was published in the
mid 1980s, second edition in early 90s.

Chris

 On Fri, 7 Apr 2000 xxxxxx@xxxxxxxxxxxxxxxxx wrote:

>
> Clifford, Matthew, Barkley, thanks for the citations. they are very
> useful. Actually, Kindleberg's _World in Depression 1929_ is a mandatory
> reading in IPE course here, but I was not specifically occupied with some
> of his other writings such as Financial history of the West or Maniacs and
> Panics..Particulary, I have found John Kenneth Galbraith's writings on
> intenational economic disorder quite useful in terms of providing
> a preliminary background to the issue i am struggling to deal with.
>
> btw, Cliford, Turkey is in the semi-periphery, not in the periphery of
> the world system. You were right, I thought you had semi-periphery in your
> mind. World System people generally classify southern europe as a semi-
> peripheral zone. For this, you may like to see  Giovannin Arrighi's "The
> Stratification of the World Economy: An Exploration of the Semiperipheral
> Zone", _Review_ (Journal of Fernand Braudel Center) 1986, 10, 1, summer
> 9-74.
>
> now, let me ask an entirely diffrent question to the list!
>
> Do you think that the South Asian financial crisis had a really
> significant impact on the performance of US economy and domestic
> capitalist classes (with respect to business investment, profit, bank
> capital etc..)? there is a general preoccupation that the US economy
> became immune to crisis after 1980s because of the rapid economic growth
> and recent technological innovations. so it seems interesting to look at
> the  hows and whys of this stability in a core economic power like the US.
> for this reason, do you think that the South asian crisis is "worth
> comparing" to the stock market collapse of 1929 interms of understanding
> the US business response to these two comparatively? The only disadvantage
> is that there is a huge time difference between these two crises, so there
> may have been other factors in the political economies of these periods
> that may not be simply attributable to crises per se. So it may seem
> obvious that they are different because of entirely different
> circumstances and political economies. I want to make sure if my
> comparison of 1997 and 1929 methodologically and theoretically makes sense
> or not.
>
> what do you think?
>
> thanx...
>
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