Class Unity "2008년 금융공황" 과정

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Class unity(https://www.facebook.com/ClassUnity/)란 곳에서 만든 과정입니다.

이 단체에 대해 자세히는 모르지만, 사민주의 수준인 듯합니다.

나중에 관련 과정을 만들 때 참고하려고 링크를 남겨둡니다.

https://classunity.org/2024/04/25/the-2008-financial-crisis/

The 2008 Financial Crisis

Week 1. Money and the State

• Michael Hudson: The Archaeology of Money (2004)
• Pavlina R. Tcherneva:
  • Chartalism and the Tax-Driven Approach to Money (2007)
  • Money and Monetary Regimes (2018)
• L. Randall Wray, From the State Theory of Money to Modern Money Theory: An Alternative to Economic Orthodoxy (2014)
• [OPTIONAL] Stephanie (Bell) Kelton:
  • The Role of the State and the Hierarchy of Money (2001)
  • Do Taxes and Bonds Finance Government Spending? (2000)
• [Optional] Bank of England: Money Creation in the Modern Economy (2014)

Week 2. Introduction: General Financial History

• J.K. Galbraith: A Short History of Financial Euphoria

Week 3. How to Think about Financial Crisis I

• Cliff Bowman, “Marx’s Theory of Economic Crises”
• Karl Marx,
  • Capital, Volume III, “Development of the Law’s Internal Contradictions” (chapter 15, 349-75) 
  • Capital, Volume III, “Money Capital and Real Capital I” (chapter 30, 607-25, esp. 614-5)
  • Capital, Volume II (chapter 16, 391; chapter 20, 486-7)
  • Capital, Volume II (chapter 20, 544-5)
  • Theories of Surplus Value (MECW 31, 179-80)
  • Theories of Surplus Value (MECW 32, 131-164, 127-8, 246-8)
• [Optional] Michael Heinrich, An Introduction to the Three Volumes of Marx’s Capital (chapter 9, 169-178)
• [Optional] Simon Clarke, “Crisis Theory” (The Elgar Companion to Marxist Economics. Edward Elgar: Northampton, MA, 2012)

Week 4. How to Think about Financial Crisis II

• Joseph Schumpeter: Real Analysis and Monetary Analysis (Excerpt: A History of Economic Analysis [1954], pp. 276-80)
• Foster & Catchings: The Dilemma of Thrift (1926)
• Irving Fisher: The Debt-Deflation Theory of Great Depressions (1933)
• John Maynard Keynes:
  • A Monetary Theory of Production (1933)
  • The General Theory of Employment (1937)
  • The General Theory of Employment, Interest, and Money (1936),
    • Chapter 12: The State of Long-Term Expectation (pp. 156, 158-9, rest optional)
    • Chapter 16: Sundry Observations on the Nature of Capital (p. 210, rest optional)

Week 5. How to Think about Financial Crisis III

• Hyman Minsky:
  • The Financial Instability Hypothesis (1992)
  • Can ‘It’ Happen Again? (1982)
  • Back From the Brink (1988)
  • Financial Resources in a Fragile Financial Environment (1975)
  • The Breakdown of the 1960s Policy Synthesis (1981)
  • The Financial Instability Hypothesis (1977)
  • [Optional] Stabilizing an Unstable Economy (1986)

Week 6. Predictions of the 2008 GFC:

• Michael Hudson:
  • The New Road to Serfdom: An Illustrated Guide to the Coming Real Estate Collapse (2006)
  • [Optional videos]:
    • Government Debt and Deficits Are Not the Problem
    • The History of Neoliberal Economics
    • The Economy and Neofeudalism
    • How We Got Junk Economics
• Ann Pettifor:
  • The Coming First World Debt Crisis (2003)
  • [Optional] We Can End the Despotism of Finance, at a Price (2014)
• Steve Keen:
  • The Recession We Can’t Avoid? (2006)
• Dean Baker:
  • Recessions Looms for the U.S. Economy in 2007 (2007)

Weeks 7-8. Marxian Analyses I

• John Bellamy Foster and Fred Magdoff: The Great Financial Crisis: Causes and Consequence

Week 9. Marxian Analyses II

• Robert Brenner: What is Good for Goldman Sachs is Good for America: The Origins of the Present Crisis (2009)

Week 10. Marxian Analyses III

• Costas Lapavitsas:
  • Financialized Capitalism: Crisis and Expropriation (2009)
  • The Financialization of Capitalism: Profiting without Producing (2013)
  • [Video] The Financialization of Capitalism (2015)
  • [Optional] Profiting without Producing: How Finance Exploits Us All (Verso 2013)

Weeks 11-14. Marxian Analyses IV

• Michael Hudson, Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy (2015)

EXTRA / OPTIONAL / RECOMMENDED

• Greta Krippner, 
  • The Financialization of the American Economy (2005)
  • Capitalizing on the Crisis: the political origins of the rise of finance (2011)
• Katharina Pistor:
  • A Legal Theory of Finance (2013)
  • Capitalism’s Global Rule (2019)
  • The Code of Capital (2019)
• Bradford Delong:
  • Republic of the Central Banker (2008)
  • Fiscal Policy and Full Employment (2014)
• Adam Tooze:
  • Crashed: How A Decade of Financial Crises Changed The World (2018)

[지나가는 길냥이]

이 단체의 신입회원들에게 추천하는 책들입니다. 단순 참고용입니다. 우리의 방향과는 다를 수 있습니다.

https://classunity.org/2020/06/27/new-member-reading-material/

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이들이 주최하는 독서모임에서 다루는 책들입니다. 단순 참고용입니다. 우리의 방향과는 다를 수 있습니다.

https://classunity.org/2023/01/20/an-introduction-to-class-unity/