The abstract of a paper of the same title: For the past decade, the U.S. economy has been driven not by industrial investment but by a real estate bubble. Although the United States may seem to be the leading example of industrial capitalism, its economy is no longer based mainly on investing in capital goods… Read More »
Stephen Gudeman’s post on the Association of Social Anthropologists’ Globalog series on the financial crisis: Economists may see economies as flat or smooth plains consisting of markets and market-like behavior that lead to equilibrium situations, but I think they consist of overlapping and conflicting spheres of value and practices. I label these fuzzy-edged spaces House,… Read More »
The World Bank has just published the Global Economic Prosect for 2009. It is titled Commodity at the Crossroads. The full document is available here.