This book provides a thoroughly socialised and historically based account of financial crises, and of the post-2007/08 crisis in particular. It draws on Marx and offers a theoretically informed but empirically based understanding of recent political and economic transformations.

1. Understanding the political economy of global capitalism and crises, 2. Capitalism and other social orders, 3. Value theory in an incompletely capitalist society, 4. The heterogeneity of capital, 5. A contribution to a theory of crisis and recovery, 6. States and global capitalism, 7. The Keynesian moment and its contradictions, 8. Global restructuring: extensive accumulation and financialization, 9. The world market and the Crisis, 10. Recession or renewal, 11. Re-locating capital?

Bill Dunn is Senior Lecturer in the Department of Political Economy, University of Sydney, Australia.