Description
The bursting of the housing bubble and the ensuing financial debacle have left most people, including many economists and financial experts asking: Why did this happen? In their new book, Monthly Review editor John Bellamy Foster and long-time Monthly Review contributor, Fred Magdoff, explore the whole course of what is now known as ‘the worst financial crisis since the Great Depression’: from the debt explosion and housing bubble to the subprime debacle and federal bailout.