Category Archives: Financial Crisis

New AAUP guidelines on academic-business ties: more Field Notes on the Political Economy of Academia

Kudos to classcrits colleague Risa L. Lieberwitz, Cornell ILR and labor law scholar, for her work with AAUP on new draft guidelines governing academic conflicts of interest and integrity, quoted in the Chronicle of Higher Education, Ambitious AAUP Effort to … Continue reading

Posted in corporate power, Education, Financial Crisis, Heterodox Economics, Law Schools, Legal Theory, Political Economic of Academia | Tagged , , , , , , , , , | Leave a comment

Call for Papers and Participation in ClassCrits V: From Madison to Zuccotti Park: Confronting Class and Reclaiming the American Dream

This workshop, the fifth meeting of ClassCrits, takes on class and the American dream as its theme. The most quintessentially American trait may be our capacity to look past current misfortune and imagine a brighter future.  Americans love a “rags … Continue reading

Posted in Class, Classcrits events, corporate power, economic and social rights, Education, Equality Theory, Events, Financial Crisis, Free market ideology, Gender, Geography, Labor, Legislation, politics, Poverty, protest, Race and Ethnicity, What is ClassCrits?, who is middle class? | 2 Comments

Photoessay: Occupy Oakland, 11/2/2011

A couple of snapshots of the “general strike” day. The mood in the crowd was peaceful and mellow and the smell of pot was everywhere (this is Oaksterdam, after all). In contrast to what the New York Times has reported … Continue reading

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ClassCrits involved in Fed. Reserve Reform Initiative

Kudos to Timothy Canova  (Chapman Univ. Law) and heterodox economist friends of ClassCrits who’ve been tapped for a committee to advise Sen. Bernie Sanders on crafting legislation to reform the Federal Reserve.  Canova will join Gerald Epstein of the U.Mass. … Continue reading

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Market Success Means Market Failure

Martha McCluskey A revealing fact about class in the contemporary picture and example of the striking contradictions of dominant economic theory and policy comes from an excellent piece in today’s Truthout.  In a piece titled Arrogance and Authority, Financial policy … Continue reading

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Make Wall Street Pay? Yes We Can petition!

In the spirit of taking back the power that has so movingly arisen in Egypt and Madison, Julie Matthaei and the US Economic Solidarity Network invite you to sign and circulate the petition below. YES WE CAN MAKE WALL STREET … Continue reading

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Harvey’s quick story of capitalism’s crisis

Those interested in class, crisis and the law might find useful this short video summary of the crisis from a Marxian perspective that’s been making the rounds:   David Harvey, Crisis of Capitalism, (April 26, 2010).    Harvey identifies a … Continue reading

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Imagine a Democratic Federal Reserve

Nov. 19, 2010 The Federal Reserve’s elitist power has great potential for joining strands of left and right political anger.  Right-wing critics are denouncing the recently planned $600 billion infusion from the Fed (maybe reaching $900 billion) as more evidence … Continue reading

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Law and Economic Austerity

This is another cross-posting from the SALT blog. Austerity Jurisprudence Written by Martha McCluskey Why was the message of austerity so appealing to economically insecure voters in this week’s election?    A more intellectual version of this passionate opposition to social … Continue reading

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The legal rules enabling the financial crisis: repo market protections

At the recent Classcrits III:  Rethinking Economics and Law workshop, Jennifer Taub (Isenberg School of Management at UMass) opened our eyes to the complex world of “repos” or repurchase agreements.  As Taub blogged recently in A Whiff of Repo 105, … Continue reading

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