Underestimating Capital, Overestimating Labour: A Response to Andrew Kliman

| March 19, 2014


What caused the 2008 economic crisis? In an article published earlier this year by /Jacobin/, the Canadian political economist Sam Gindin explained it as ‘a primarily /financial/ crisis.’ Writing for /New Left Project/, Andrew Kliman rejected this analysis, arguing that, had the crisis really been mainly financial, the economy would have recovered by now. Here, Gindin responds to Kliman’s critique. | New Left Review


What caused the 2008 economic crisis? In an article published earlier this year by /Jacobin/, the Canadian political economist Sam Gindin explained it as ‘a primarily /financial/ crisis.’ Writing for /New Left Project/, Andrew Kliman rejected this analysis, arguing that, had the crisis really been mainly financial, the economy would have recovered by now. Here, Gindin responds to Kliman’s critique. | New Left Review

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