Hide this

Results from Google Books

Click on a thumbnail to go to Google Books.

Panic Rules!: Everything You Need to Know…

Panic Rules!: Everything You Need to Know about the Global Economy

by Robin Hahnel

Other authors: Jeremy Brecher (Foreword)

MembersReviewsPopularityAverage ratingConversations
40None285,656 (4.1)None



Sign up for LibraryThing to find out whether you'll like this book.

No current Talk conversations about this book.

No reviews
no reviews | add a review

» Add other authors

Author nameRoleType of authorWork?Status
Robin Hahnelprimary authorall editionscalculated
Brecher, JeremyForewordsecondary authorall editionsconfirmed
You must log in to edit Common Knowledge data.
For more help see the Common Knowledge help page.
Series (with order)
Canonical title
Original title
Alternative titles
Original publication date
Important places
Important events
Related movies
Awards and honors
First words
Last words
Disambiguation notice
Publisher's editors
Publisher series
Original language

References to this work on external resources.

Wikipedia in English


Book description
Haiku summary

Amazon.com Product Description (ISBN 0896086097, Paperback)


Foreword by Jeremy Brecher
Chapter 1 The Bloom off the Boom
Chapter 2 Deconstructing the Neoliberal Myth
Chapter 3 The Latest Bust
Chapter 4 Understanding the Crisis
Chapter 5 How Asia Caught the Flu
Chapter 6 The IMF to the Rescue
Chapter 7 What Should We Want? What Should We Fear?
Chapter 8 Mainstream Reform Proposals
Chapter 9 Progressive Reform Proposals
Conclusion Lilliputian Luddites Until Globalization Can Be Built from Below

An Excerpt from Panic Rules! By Robin Hahnel

Boom and Bust

Among economic systems, capitalism is the manic-depressive patient. Exuberance, unbridled optimism, and euphoria are followed by gloom, listlessness, and depression. But no matter how often the cycle is repeated the patient always believes the latest boom will last forever, only to feel foolish again when the bubble bursts. And no matter how often the patient reverts to manic behavior when taken off medication, the economic "psychiatric" establishment eventually succumbs to the patient's pleas to be taken off medication during the "ups"-freeing the exuberant economy from policy restraints-only to insist on placing the patient back on meds-re-application of necessary policy protections-when the unmedicated patient "crashes."

The Latest Boom

The truth is that neither part of capitalism's manic-depressive boom-and-bust cycle is "healthy." Like most capitalist booms, the benefits of global liberalization during the 1980s and 1990s were not all they were made out to be. In fact, most people in the world were worse off economically at the end of the latest boom than they had been when it began-that is, even before the over-hyped boom metamorphosed into the global economic crisis of 1997-98. How is this possible, you ask? We were told "the world economy grew at 3 percent a year in the 1980s and 2 percent in the first half of the 1990s," and that "low- and middle-income economies grew more rapidly, averaging 3.4 percent growth in the 1980s and 5 percent in the 1990s." We were assured that "growth in trade from increased trade liberalization that has gone hand-in-hand with increased private capital flows and financial integration,"

(retrieved from Amazon Thu, 12 Mar 2015 18:09:50 -0400)

(see all 2 descriptions)

No library descriptions found.

Quick Links

Swap Ebooks Audio
1 avail.
2 wanted
1 pay

Popular covers


Average: (4.1)
2.5 1
4 2
5 2

Is this you?

Become a LibraryThing Author.


You are using the new servers! | About | Privacy/Terms | Help/FAQs | Blog | Store | APIs | TinyCat | Legacy Libraries | Early Reviewers | Common Knowledge | 115,106,005 books! | Top bar: Always visible