The Economics of Global Turbulence
The Advanced Capitalist Economies from Long Boom to Long Downturn, 1945–2005
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$26.95$18.8630% off
528 pages / September 14, 2021 / 9781844673629

Available for pre-order. This item will be available on September 14, 2021.

September 2020 / 9781786630506

Not available

369 pages / August 2006 / 9781859847305

Not in stock

New edition of Brenner’s now classic survey of the world economy from 1950 to the present

For years, the discipline of economics has been moving steadily away from the real world toward formalised axioms and mathematical models with only a precarious bearing on actuality. Commentators seek to fill the gap as best they can, but in the absence of real background scholarship, journalism is vulnerable to the myopias of fashion and immediacy. The deeper enigmas of post war development remain in either case largely untouched.

Bringing together the strengths of both the economist and the historian, Robert Brenner rises to this challenge. In this work, a revised and newly introduced edition of his acclaimed New Left Review special report, he charts the turbulent post war history of the global system and unearths the mechanisms of over production and over competition which lie behind its long-term crisis since the early 1970s, thereby demonstrating the thoroughly systematic factors behind wage repression, high unemployment and unequal development, and raising disturbing and far-reaching questions about its future trajectory.

In this new edition, Brenner brings the story up to date, taking into account the great financial crisis of 2008 and its aftermath.


“A brilliant economic overview of the world’s current economic state.”

“Here, at last … something good out of the left.”

“Robert Brenner [is] arguably capital’s most lucid contemporary historian.”

“Ambitious, informative and compelling.”

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