Resources for understanding the current economic crisis.
Resources for understanding the current economic crisis.
I’d like to share some resources that have helped me understand the ongoing economic crisis.
This transcript of a program, jointly produced by Public Radio International and National Public Radio, The Giant Pool of Money is one of the clearest step-by-step explanations of the development of the sub-prime mortgage crisis.
Socialist Worker, carries ongoing coverage, featuring The Making of the Free-market meltdown, and Gambling with our Futures, and a special section on the housing crisis.
The Dollars and Sense blog also has continuing coverage in addition to a 4-part series written by Larry Peterson on their website: The Subprime/Securitization Market Panic: A Guide for the Perplexed, Finding Spare Change for the Invisible Hand, Bear Stearns: Not Your Average Bailout, and Banking on Bankruptcy Thoughts on Fannie Mae/Freddie Mac, Commodity Spikes, and the “New Stagflation” .
The International Socialist Review is another resource including a pair of articles by Joel Geier: The Coming Economic Meltdown and More than a recession: An economic model unravels as well as Housing Bubble Deflates by Petrino DiLeo.
In terms of books Doug Henwood’s Wall Street is invaluable for understanding derivatives and the like. It is available online here. Economics for Everyone is an excellent basic introduction to economics.
Also check out The Subprime Debacle and The Financialization of Capital and the Crisis from the Monthly Review and The Financial Crisis: A View from the Left
by Dan La Botz in MR Zine.
