From New Left Review, looking at the origins of the figures of unemployment and the informal sector, and their inadequacy to contemporary forms of wagelessness, Michael Denning draws lessons from Marx, Fanon and the streets of Ahmedabad. How did a simple mortgage crisis transmogrify into a global financial crisis?: Money is always vulnerable to panic once people start to look at how it's made. Brad DeLong on how the central insight of macroeconomics is a fact that was known to John Stuart Mill in the first third of the nineteenth century. Is current unemployment cyclical or systemic? James Surowiecki investigates. A review of Making the Market: Victorian Origins of Corporate Capitalism by Paul Johnson. From Vision, a review essay: Does capitalism have a future? David Sirota on why the "lazy jobless" myth persists. Stimulus worked: Without the quick and massive policy response, the Great Recession might still plague the United States. The introduction to The New Lombard Street: How the Fed Became the Dealer of Last Resort by Perry Mehrling. State of the Unions: Why is organized labor so unpopular? The Worst of Wall Street: From Goldman’s "shitty" deals to Foreclosuregate, a year-end round up of the finance industry’s lowlights. A review of The Hellhound of Wall Street: How Ferdinand Pecora’s Investigation of the Great Crash Forever Changed American Finance by Michael Perino. More on Deirdre McCloskey's Bourgeois Dignity.
