Monday, September 21, 2009

Stiglitz Reports

Joseph Stiglitz has been chairing commissions. The draft report of the Commission of Experts of the President of the UN General Assembly on Reform of the International Monetary and Financial System is downloadable from here. The Report of the Commission on the Measurement of Economic Performance and Social Progress is downloadable from here. (Amartya Sen was the Chair Advisor for the latter commission.)

Samir Amin has some criticisms of the former report. Amin thinks the report treats the global financial crisis as a short-term downturn, not as a manifestation of a Fordist accumulation regime that needs to be replaced.

It does seem like a new Bretton Woods, along with a meeting like the Bandung conference in 1955, might be a good thing at this conjuncture.

To Read:
  • M. Aglietta (1979) A Theory of Capitalist Regulation: The U.S. Experience, Verso Books.
  • Giovanni Arrighi (1994) The Long Twentieth Century, Verso Books.

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