Money, Housing, and World Market: The Dialectic of Globalised Production

Ivanova, Maria N. 2011. Money, Housing, and World Market: The Dialectic of Globalised Production. Cambridge Journal of Economics, 35(5), pp. 853-871. ISSN 0309-166X [Article]

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Abstract or Description

This article offers an interpretation of the domestic and global dimensions of the US housing, financial and economic crisis in a Marxian framework. My key argument is that the origins of the Great Recession can be fully understood only within an analysis of the system of globalised production and the corresponding division of labour manifest in the symbiotic relationship between the financialised US-centred core and the commodity-producing periphery. The imbalance between production and finance in the US economy mirrors the global imbalance between the ability to produce and the capacity to consume.

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Departments, Centres and Research Units:

Research Office > REF2014


13 January 2011["eprint_fieldopt_dates_date_type_shown" not defined]

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Date Deposited:

25 Oct 2013 08:09

Last Modified:

30 Jun 2017 10:45

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Yes, this version has been peer-reviewed.


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