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Abstract

What is happening to the global economy? How do we understand the global financial and economic crisis that was still wreaking havoc in the real economy in 2011? Even though we shall probably be discussing it for decades to come, the first explanations coming to mind are the ‘sub-prime’ housing mortgage crisis in the USA and financial firms that stopped lending to each other.

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© 2011 Claudia Sanchez Bajo and Bruno Roelants

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Bajo, C.S., Roelants, B. (2011). Introduction. In: Capital and the Debt Trap. Palgrave Macmillan, London. https://doi.org/10.1057/9780230308527_1

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