DOCSLIB.ORG

The Political in Political Economy: Historicising the Great Crisis of Spanish Residential Capitalism

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Political in Political Economy: Historicising the Great Crisis of Spanish Residential Capitalism A Thesis Submitted for the Degree of PhD at the University of Warwick Permanent WRAP URL: http://wrap.warwick.ac.uk/129362 Copyright and reuse: This thesis is made available online and is protected by original copyright. Please scroll down to view the document itself. Please refer to the repository record for this item for information to help you to cite it. Our policy information is available from the repository home page. For more information, please contact the WRAP Team at: [email protected] warwick.ac.uk/lib-publications The Political in Political Economy: Historicising the Great Crisis of Spanish Residential Capitalism By Javier Moreno Zacarés A thesis submitted in partial fulfilment of the requirements for the degree of Doctor of Philosophy in Politics and International Studies University of Warwick Department of Politics and International Studies September 2018 Table of Contents List of Illustrations ........................................................................................................ v Acknowledgements ...................................................................................................... vi Abstract ....................................................................................................................... vii Abbreviations ............................................................................................................. viii INTRODUCTION ..................................................................................... 1 0.1. THE CASE: WHY IT MATTERS ................................................................................ 4 0.2. THE PROBLEM: RESEARCH PUZZLE AND QUESTIONS ........................................... 8 0.3. THE APPROACH: METHOD OF ANALYSIS ............................................................. 12 0.4. THE ARGUMENT: CONTRIBUTIONS TO KNOWLEDGE ........................................... 13 0.5. THE STRUCTURE: CHAPTER OUTLINE ................................................................. 17 PART ONE 1. THREE NARRATIVES OF THE SPANISH DEBACLE .......................... 21 1.0. INTRODUCTION ................................................................................................... 21 1.1. THE IMMATURITY NARRATIVE ............................................................................ 22 1.2. THE CORE-PERIPHERY NARRATIVE ..................................................................... 27 1.3. THE SPATIAL FIX NARRATIVE ............................................................................. 32 1.4. REPRESENTING THE POLITICAL: A CRITICAL REVIEW .......................................... 37 1.4.1. Against Immaturity: The Pitfalls of Neoliberal ‘Politics’ ......................... 37 1.4.2. Against Core-Periphery Analysis: Blind Spots for Peripheral Difference .............................................................................................................................. 41 1.4.3. Against the Spatial Fix: The Limits to Structural Reasoning .................. 47 1.5. CONCLUSION ...................................................................................................... 50 2. THE POLITICAL IN POLITICAL ECONOMY: THEORY AND METHOD ............................................................................................. 53 2.0. INTRODUCTION................................................................................................... 53 2.1. THE ERASURE OF POLITICS FROM MARXISM: THE PROBLEM ............................... 55 2.1.1. The Janus Face of Marx ............................................................................. 55 2.1.2. Marxism and Structuralism ..................................................................... 58 2.2. BEYOND MARXIST STRUCTURALISM: SEARCHING FOR A HISTORICIST ETHIC ..... 62 2.2.1. Michel Foucault’s Genealogy: Tracing Apparatuses of Power .............. 62 2.2.2. E.P. Thompson’s Marxist Humanism: Historicising Creative Agency ... 65 2.3. POLITICAL MARXISM: OUTLINING A PROCEDURE ................................................ 67 2.3.1. The Brenner Thesis: Lessons from its Historiographical Method .......... 68 ii 2.3.2. Beyond the Brenner Thesis: A ‘Political’ Marxism ................................... 71 2.4. THE SEDIMENTATION OF POLITICS: BORROWING CONCEPTUAL TOOLS ............... 75 2.4.1. Historical Institutionalism: The Evolution of Practices .......................... 76 2.2.3. Performative Agency: Integrating Discourse .......................................... 78 2.5. CONCLUSION ....................................................................................................... 81 3. THE POLITICAL IN MOTION: TOWARDS A NEW NARRATIVE ....... 84 3.0. INTRODUCTION .................................................................................................. 84 3.1. APPLYING THE METHOD: THEORETICAL SYNTHESIS ........................................... 85 3.2. THE LONG NINETEENTH CENTURY (1837-1939) ................................................ 89 3.2.1. The Contradictions of Liberal Property: Pacifying the Masses .............. 90 3.2.2. A Haphazard Edifice: The Liberal Property Apparatus ........................ 94 3.3. THE FRANCOIST DICTATORSHIP (1939-1978) .................................................... 99 3.3.1. The Francoist Paradox: Fascism and Liberal Social-Property Relations ........................................................................................................................... 100 3.3.2. Nurturing a Capitalist Residential Industry .......................................... 103 3.4. THE POST-FRANCO ERA (1975-2010) ............................................................... 106 3.4.1. The Pluralisation of Politics: Political Accumulation Intensifies .......... 107 3.4.2. The Financialisation of the Capitalist Residential Apparatus ............... 111 3.5. CONCLUSION ..................................................................................................... 115 PART TWO 4. THE ORIGINS OF RESIDENTIAL OVERPRODUCTION: A GENEALOGY OF URBANISM .............................................................. 119 4.0. INTRODUCTION ................................................................................................ 119 4.1. FIRST LAYER: THE ENSANCHE AND ITS LEGACY ................................................. 121 4.2. SECOND LAYER: THE DEVELOPMENTAL CITY .................................................... 127 4.3. THIRD LAYER: INTO THE AGE OF HOUSING BUBBLES ........................................ 134 4.4. FOURTH LAYER: THE ENTREPRENEURIAL CITY ................................................. 137 4.5. CONCLUSION .................................................................................................... 142 5. THE ICONICITY OF HOUSING: THE FORMATION OF A CULTURE OF MASS SPECULATION ......................................................................... 144 5.0. INTRODUCTION ................................................................................................. 144 5.1. ‘RENTING IS THROWING MONEY AWAY’: A SOCIETY OF PROPRIETORS ............... 146 5.1.1. Residential Capitalism Against Housing Deficits ................................... 146 5.1.2. ‘A Country of Proprietors, Not Proletarians’ .......................................... 151 5.2. THE SPANISH ECONOMIC MIRACLE: PROPERTY BRINGS DEVELOPMENT ........... 155 iii 5.2.1. First Advent: The Working Class Goes to Heaven ................................. 156 5.2.2. Second Coming: The Symbolic Authority of Europe .............................. 159 5.3. ‘HOME PRICES NEVER GO DOWN’: A HOUSE-PRICE KEYNESIANISM ................. 163 5.3.1. Leveraged Investors: The Semi-Proletarianisation of Homeowners .... 163 5.3.2. Mass Speculation: Learn to Stop Worrying and Love the Bubble ........ 167 5.4. CONCLUSION ..................................................................................................... 171 6. THE CONVERSION OF THE CAJAS: A GENEALOGY OF FINANCE .. 174 6.0. INTRODUCTION ................................................................................................ 174 6.1. THE ORIGINS OF MODERN CREDIT .................................................................... 176 6.2. THE RISE AND FALL OF STATIST FINANCE ......................................................... 180 6.3. THE CONVERSION OF THE CAJAS: LIBERALISATION AND POLITICISATION ......... 185 6.4. COMPETITION INTENSIFIES: THE EUROPEANISATION OF FINANCE .................... 190 6.5. FINANCIALISATION, URBAN ENTREPRENEURIALISM, AND THE CAJAS ............... 194 CONCLUSION ........................................................................................................... 199 7. THE IRON TRIANGLE OF REAL ESTATE: THE POLITICAL ECONOMY OF POLITICAL CORRUPTION ............................................................. 201 7.0. INTRODUCTION ................................................................................................. 201 7.1. FIRST VERTEX: THE STATE STRUCTURES OF URBAN GOVERNANCE ................... 203 7.1.1. Petty Kingdoms: Municipal Democracies as Elective Dictatorships .... 204 5.2. The Fever of Urban Entrepreneurialism .................................................. 207 7.2. SECOND VERTEX: THE CONSTRUCTION OLIGARCHY .......................................... 210 7.2.1. Anatomy of the Construction Industry ................................................... 210 7.2.2. The Mechanisms of Political Accumulation ............................................ 212 7.3. THIRD VERTEX: THE KLEPTOCRATIC POLITICAL
Load more

Recommended publications
  • Money in the Great Recession BUCKINGHAM STUDIES in MONEY, BANKING and CENTRAL BA.NKING
    Money in the Great Recession BUCKINGHAM STUDIES IN MONEY, BANKING AND CENTRAL BA.NKING Seri Editor: Tim Congdon CBE, Chairman, Ins1itute of [nternalional Jlonewry R.:search and Professo1~ University of Buckingham, Uniled Kingdom The Institute of International Monetary Research promotes research into how Money in the Great dc:\'elopments in banking and finance affect the wider economy. Particular attention is paid to the effect of changes in the quantity of money, on inflation and detlation, and on boom and bust. The Institute's wider aims are to enhance economic kno\\'ledge and understanding, and to seek price stability, steady Recession economic growth and high employment. The Institute is located at the University of Buckingham and helps with the university's educational role. Buckingham Studies in Money, Banking and Central Banking presents some Did a Crash in Money Growth Cause the of the Instilllte·s most important work. Contributions from scholars at other Global Slun1p? universities and research bodies. and practi tioners in finance and banking. are also welcome. for more on the Institute. see the \\·ebsit.: at www.m\·-pr.org, Edited by Tim Congdon CBE Chairman, Institute of Internatio11al 1V oneta1y R esearch and Profess01; University of Buckingham, United Kingdom BUCKINGHAM STUDIES IN MONEY, BANKING AND CENTRAL BANKING IN ASSOCIATION WITH THE INSTITUTE OF ECONOMIC AFFAIRS ~Edward Elgar ~ PUBL I SH I NG Cheltenham, UK• Northampton, MA, USA ';;' Tim Congdon 2017 Contents :-\II rights reserved. No part of this publication may be reproduced, stored 1n a retrieval S~ ' Stem or transmitted in anv form orb\' an\' means electronic mechanical o: photoco_pying, recording.
    [Show full text]
  • The Spatial Dynamics of Land Use Surrounding the Spanish Property Bubble (1990-2012)
    Articles The spatial dynamics of land use surrounding the Spanish property bubble (1990-2012) Julio Pozueta Echavarri*, Patxi J. Lamíquiz Daudén**, Ester Higueras Garcia***, Manuel Benito Moreno**** Received: 26 April 2018 Accepted: 06 May 2019 Abstract: Although the recent housing boom & bust in Spain has triggered significant transformations in its urban fabric, the geographical dimensions of this economic phenomenon and its spatial impacts on the local urban structure have not yet been described in depth. Following the latest published data from CORINE Land cover (2012), this study undertakes a dynamic multi-scale spatial analysis of data representing urban land cover over a 22-year span, contributing to the understanding of four main issues: (i) the total amount of change, (ii) its proportion in comparison with the initial stage of geographical distribution, and the (iv) the implications for the metropolitan and regional urban layout. This quantification describes the outlying regional structure of Spain’s urbanization process during the last decades in Europe, showing great acceleration and a significant transformation in land use patterns, as well as major differences in rates and components on smaller scales, using an integrated growth index. Keywords: Real estate bubble; CORINE Land Cover; land use; Spanish urban structure; regional studies; spatial dynamics. JEL classification: O2; R0; Z0. Dinámicas espaciales de ocupación de suelo en torno a la burbuja inmobiliaria española (1990-2012) Resumen: Utilizando los datos de ocupación de suelo de CORINE Land Cover (2012), este trabajo propone un análisis multiescalar, cuantitativo y espacial de las dinámicas de urbanización antes, durante y después de la burbuja inmobiliaria española, aportando una visión inédita del fenómeno en cuatro aspectos interrelacionados: (i) la magnitud absoluta del cambio, (ii) su proporción respecto al estado inicial, (iii) su variación temporal respecto a los usos del suelo, y (iv) sus implicaciones para los distintos componentes del sistema urbano español.
    [Show full text]
  • Ribera Del Duero 16 - Marqués De Murrieta 70 43 Marqués De Riscal 79 Alejandro Fernández 17 -20 Montecillo 71~72
    Columbia Restaurant & the Gonzmart Family’s Wine Philosophy At the Columbia Restaurant we believe the relationship of wine and food is an essential part of the dining experience and that two aspects of elegant dining deserve specialized attention: The preparation and serving of the cuisine and the selection of the finest wines and stemware to accompany it. In keeping with our tradition of serving the most elegant Spanish dishes, we have chosen to feature a collection of Spain's finest wines and a selection of American wines, sparkling whites and Champagne. Our wines are stored in our wine cellar in a climate controlled environment at 55° Fahrenheit with 70% humidity. The Columbia Restaurant’s wine list represents 4th and 5th generation, owner and operators, Richard and Andrea Gonzmart’s lifetime involvement in their family’s business. Their passion for providing guests the best wines from Spain, as well as their personal favorites from California, are reflected in every selection. They believe wines should be affordable and represent great value. Columbia Restaurant's variety of wines illustrates the depth of knowledge and concern the Gonzmart family possesses, by keeping abreast of the wine market in the United States and by traveling to Spain. This is all done for the enjoyment of our guests. We are confident that you will find the perfect wine to make your meal a memorable one. Ybor January 2019 Table of Contents Complete Overview Wines of Spain 5- 132 Understanding a Spanish Wine Label 6 Map of Spain with Wine Regions How to Read a Spanish Wine Label 7 Wines of Spain 8 - 132 Wines of California 133 - 182 Other Wines from the United States 183-185 Wines of South America 186- 195 Wine of Chile 187 - 190 Wines of Argentina 191 - 194 Cava, Sparkling & Champagne 196-198 Dessert Wines 199-200 Small Bottles 201 - 203 Big Bottles 203 - 212 Magnums - 1 .
    [Show full text]
  • Spain Is a Viticulture Miracle Waiting to Happen, and Has Been in This Pregnant State for Longer Than Seems Decent
    SPAIN In a nutshell: Land of American oak, sherry, and loin-yielding bush vines. Grapes: Tempranillo, Garnacha (Grenache) (RED), Airen, Viura (Maccabeo), Verdejo, Albarino (XMITE) Spain is a viticulture miracle waiting to happen, and has been in this pregnant state for longer than seems decent. Proud possessor of more land devoted to vines than any other, Spain is only just beginning to capitalize on this resource in any consistent or cohesive way - which is perhaps not surprising. If it had Germany's love of efficiency, or France's respect for bureaucracy, Spain might be sending us oceans of judiciously priced wine made expressly for the international market. But Spain is an anarchic jumble of districts and regions, just as its landscape is an anarchic jumble of staggeringly raw scenery and heartbreakingly awful human constructions, and has to be treated as such by the wine enthusiast. There is real treasure to be found by those prepared to dig, however and, as a connoisseur class develops in Spain itself, all manner of ambitious investors are planning to change the image of Spanish wine. A look at the map suggests just how much climatic diversity there is likely to be between Spain's many wine regions, from the soggy vine yards of Galicia on the north Atlantic coast to the baked Mediterranean south east. Spain's saving grace, viticulturally, is the altitude of her vineyards, many over 650 m (2000 ft). A high proportion of Spanish vineyards therefore manage to produce grapes with good levels of color and acidity simply because night-time temperatures are relatively low, and grapes do not ripen until the end of a usefully prolonged growing season.
    [Show full text]
  • The Financial Crisis, 3Rd Ed
    Financial crisis 3rd edition October-December 2016, issue 41 CENTRE FOR CULTURE RESEARCH AND DOCUMENTATION BANK OF GREECE EUROSYSTEM Library of the Bank of Greece Table of Contents Introduction ............................................................................................................................ 1 I. Print collection of the Library ................................................................................................ 2 I.1 Monographs .................................................................................................................................. 2 IΙ.Electronic collection of the Library ....................................................................................... 55 II.1 Full text articles .......................................................................................................................... 55 IΙ.2 Electronic books ......................................................................................................................... 61 ΙΙΙ. Resources from the World Wide Web ................................................................................ 64 ΙV. List of topics published in previous issues of the Bibliography ............................................ 70 All issues are available at the internet: http://www.bankofgreece.gr/Pages/el/Bank/Library/news.aspx Bank of Greece / Centre for Culture, Research and Documentation / Library Section / 21 El. Venizelos Ave., 102 50 Athens / tel. 210 3202446, 3203129/ email [email protected] Bibliography:
    [Show full text]
  • Black Wednesday of 1992: the Day the Pound Sterling Came Under Attack
    Dama Academic Scholarly Journal of Researchers | Published by: Dama Academic Scholarly & Scientific Research Society https://damaacademia.com/dasj May 2020 Pages: 01-08 Volume 5 | Issue 5 r/ Black Wednesday of 1992: The Day the Pound Sterling Came Under Attack Amina Sammo School of Finance & Financial Management, Business University Costa Rica Email: [email protected] Abstract The Black Wednesday of 1992 refers to the momentous day when the British Pound was under attack by currency speculators. This day created history in the Foreign Exchange markets because of the fact that the Pound was considered to be one of the strongest fiat currencies in the world. In fact it was the reserve currency of the world before the dollar took over. Hence the notion that the British pound could be under attack from speculators in the foreign market was dismissed as being mere conspiracy theory without any substance. Also, Black Wednesday was unprecedented in the fact that this was the day when open markets took on a powerful central bank with virtually unlimited access to money and the power to create more money if required and won! In this article, we will describe the events that lead to the Black Wednesday in detail. Keywords: Black Wednesday, Pound Sterling, Currency Attack 1.0 INTRODUCTION The Soviet Union was one of the countries that emerged as a superpower after the Second World War. The post war economic system was basically a competition between the American capitalist system and the Soviet based socialist system. The decades after the war were often referred to as the cold war as these two superpowers opposed each other’s plans for world domination.
    [Show full text]
  • Projects of Special Interest in the Region of Castilla–La Mancha (Spain)
    land Article Land at the Service of the Regional Growth Coalition: Projects of Special Interest in the Region of Castilla–La Mancha (Spain) Luis Alfonso Escudero Gómez Department of Geography, University of Castilla–La Mancha, 45071 Toledo, Spain; [email protected] Abstract: Neoliberal urbanism land planning has led to the development of public–private coalitions associating common interest with lucrative private enterprise projects. In Castilla–La Mancha (Spain), this regional growth coalition was backed by a spatial planning instrument, known as Projects of Special Interest (PSI). The aim of this article is to analyse the PSI as a paradigmatic example, to study its key points and examine its current dimensions. This case study employs a review of the literature, desk research, content analysis, interviews and observation. The PSI scheme has permitted private initiatives and developments, and privately used public constructions of many different types, reducing timeframes through possible recourse to expropriation, using basic measures of land reclassification, undervaluing the ecosystems involved and even facilitating construction in areas that had previously been declared protected, or where resources such as water are not guaranteed. Despite the failure of many of these projects and the expected economic growth not being realised, the instrument has been revived, as it is directly linked to multinational enterprises investing in the region. Keywords: regional growth coalition; regional planning; spatial planning; territorial development Citation: Escudero Gómez, L.A. Land at the Service of the Regional Growth Coalition: Projects of Special Interest in the Region of Castilla–La 1. Introduction Mancha (Spain). Land 2021, 10, 875. “And an unethical use of space” (Kielyr, the eldest daughter of the family in Captain https://doi.org/10.3390/ Fantastic, when looking at the golf course housing development where her grandparents land10080875 live) [1].
    [Show full text]
  • William John Vittery Final Phd Thesis.Pdf
    Crisis and Stability: The Global Financial Crisis, British Broadsheet Press and the Politics of Ideational Reversion William John Vittery Doctor of Philosophy University of York Politics December 2015 Abstract By analysing UK media narrations surrounding the global financial crisis, this thesis presents a critical engagement with existing constructivist institutionalist literature. Through the application of a ‘dynamic tracing’ methodology to British broadsheet newspaper discourse from 2007-10, the thesis reveals three significant, and interconnected, dynamics. Firstly, it highlights the existence of ‘ideational reversion’, whereby after a short period of flux through late-2008 and early-2009, prominent discourses by and large returned to the pre-crisis status quo ante. By analysing the pre- crisis, crisis, and post-crisis discourse holistically, a notably higher degree of overall ideational stability is found than the existing literature suggests would be the case. Secondly, it is demonstrated that ideational disjuncture within media commentary was effectively ‘siloed’ in the financial sector, meaning that the perception of crisis did not challenge broader conceptualisations of the neo-liberal economy. Thirdly, the impact of such reversion and siloing was to provide a greater social source of legitimacy, or strategic advantage, to orthodox austerity narratives than to their Keynesian alternative. On the back of these observations, conceptual extensions are put forward that involve developing a greater focus on the ‘stickiness’ of pre-existing
    [Show full text]
  • The Landlord Harassment During the Spanish Property Bubble
    The Landlord Harassment during the Spanish Property Bubble November 11, 2020 Antonio Barrones Gal´an Master’s Thesis Social Work Department of Social Sciences and Philosophy University of Jyv¨askyl¨a Autumn 2020 1 SUMMARY Antonio Barrones Galan´ - Email: [email protected] The Landlord Harassment during the Spanish Property Bubble Social Work Master’s Thesis Department of Social Sciences and Philosophy University of Jyvaskyl¨ a¨ Supervisor: Satu Ranta-Tyrkko¨ Autumn 2020 Pages: 76 pages + 2 appendix, 4 pages. Abstract The subject of this master thesis is The Landlord Harassment, one kind of harassment in the housing context, increased by the economic pressures of Spanish Property Bubble or Real Estate Bubble (from around 1996 to 2008). The landlord harassment is defined as the physical and psychological violence used to force residents out of their homes. The Spanish property bubble was a period of time when the base of the Spanish econ- omy was centred in the housing and in the building sector. This period of time is char- acterised by a big speculative economic bubble in housing, with fast growth of prices, mortgage credits and the development of big construction plans. The definition of this economic period as speculative bubble was considered during most of the time a political question, more than a real economic reality. But bubbles are usually identified in retrospect, and as an abstract economic term, are difficult to delimit and study as it. In this thesis, the property bubble is going to be study through one of the problems increased in that time: the landlord harassment against tenants in gentrified areas of the historic centre of big cities in Spain.
    [Show full text]
  • Catch-Up and Constraints in the Twentieth and Twenty-First Centuries
    OUP CORRECTED PROOF – FINAL, 29/5/2019, SPi 2 Catch-up and Constraints in the Twentieth and Twenty-first Centuries Robert H. Wade 2.1 Introduction The old-style development economists—including Gerschenkron, Prebisch, Lewis, Myrdal, Chenery, Hirschman, Adelman, Seers, and many more—would surely be disappointed by the record of global economic development in the past half century, at least when looking at the slowness of catch-up as distinct from the dramatic falls in global poverty even while population increased at the fastest rate in human history. Gerschenkron’s ‘late development effect’,or‘the advan- tages of backwardness’, seems noticeable more by its absence than its presence, despite new technology being widely available to people around the world and despite no shortage of people with entrepreneurial talent. But perhaps they would not be surprised. At the core of their understanding of the process of catch-up development were the following propositions: (1) Development is a disruptive process of non-marginal changes over time, opposed by many in the society, generating inevitable conflict, and placing a premium on fragile conflict-resolution institutions—a premium which calls for not exposing the economy to unmediated international competi- tive pressures. (2) The price system in a developing country cannot play the role accorded it in developed countries as the major allocator of resources, because markets are too undeveloped and because relying on markets would tend to sustain the existing production specialization based on static comparative advantage with decreasing returns to scale—a point which also implies the desirability of less than full-scale integration into the international economy.
    [Show full text]
  • Debating Austerity in Ireland: Crisis, Experience and Recovery
    Debating austerity Debating austerity: Debating austerity: The austerity crisis, experience in Ireland: that followed the recent economic and financial crisis in and recovery Ireland led to impassioned debates crisis, across the social sciences and among the public at large. The depth of the interacting economic, banking and budgetary crises experience sparked intense public interest and polarised opinion. Debating austerity brings together and recovery leading national and international experts from across the social sciences, and challenges us to adopt a more nuanced Edited by Emma Heffernan, approach to understandings of austerity and paths John McHale and to recovery. Niamh Moore-Cherry “A timely contribution to a Niamh Moore-Cherry John McHale and Emma Heffernan, Edited by national debate that will continue to define public policy discussion in Ireland for years to come” PATRICK HONOHAN, former governor of the Bank of Ireland www.ria.ie ISBN: 978-1-908997-68-5 9 7 8 1 9 0 8 9 9 7 6 8 5 COVER TO PRINT.indd 1 7/26/2017 11:36:59 AM Debating austerity in Ireland: crisis, experience and recovery TEXT TO PRINT.indd 1 8/10/2017 10:48:09 AM TEXT TO PRINT.indd 2 8/10/2017 10:48:09 AM Debating austerity in Ireland: crisis, experience and recovery EDITORS Emma Heffernan, John McHale and Niamh Moore-Cherry TEXT TO PRINT.indd 3 8/10/2017 10:48:09 AM Debating austerity in Ireland: crisis, experience and recovery First published in 2017 by Royal Irish Academy 19 Dawson Street, Dublin 2, Ireland www.ria.ie Copyright © Royal Irish Academy 2017 The authors have asserted their moral rights.
    [Show full text]
  • Marx on Capitalist Crises 289 Appendix 2: Ruinous Competition 300 Appendix 3: the Tendency of the Rate of Profijit to Fall 310
    2017 Crisis and Sequels Capitalism and the New Economic Turmoil since 2007 edited by Thomas Martin 2019 Cover illustration: “Have you felt the bubbles melt?” A bus advert passes the Bank of England at the time of the 2008 crash. © Philip Wolmuth/reportdigital.co.uk Library of Congress Cataloging-in-Publication Data Names: Thomas, Martin (Marxist critic), editor. Title: Crisis and sequels : capitalism and the new economic turmoil since 2007 / edited by Martin Thomas. Description: Boston : Brill, [2017] | Series: Studies in critical social sciences ; 109 | Includes bibliographical references and index. Identifijiers: lccn 2017026212 (print) | lccn 2017035644 (ebook) | isbn 9789004351035 (E-book) | isbn 9789004350960 (hardback : alk. paper) Subjects: lcsh: Financial crises. | Capitalism. | Economic history--21st century. Classifijication: lcc hb3722 (ebook) | lcc hb3722 .c747 2017 (print) | ddc 338.5/42--dc23 lc record available at https://lccn.loc.gov/2017026212 Typeface for the Latin, Greek, and Cyrillic scripts: “Brill”. See and download: brill.com/brill-typeface. issn 1573-4234 isbn 978-90-04-35096-0 (hardback) isbn 978-90-04-35103-5 (e-book) Copyright 2017 by Koninklijke Brill nv, Leiden, The Netherlands. Koninklijke Brill nv incorporates the imprints Brill, Brill Hes & De Graaf, Brill Nijhofff, Brill Rodopi and Hotei Publishing. All rights reserved. No part of this publication may be reproduced, translated, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission from the publisher. Authorization to photocopy items for internal or personal use is granted by Koninklijke Brill nv provided that the appropriate fees are paid directly to The Copyright Clearance Center, 222 Rosewood Drive, Suite 910, Danvers, ma 01923, usa.
    [Show full text]