Arms expenditure, US during long boom 1 98; variations between states during long boom 1 98; in 1990s and early 2000s 234; China 2009 327; Russia 2009 327; US 2009 327; US 2009 327; and dynamic of system 131; efect on organic composition of capital 234
Arrow, Kenneth, on limits of mathematical model of market 43
Asian crisis of 1 997-8 9, 242; panic among commentators 230; role of IMF in helping Ford and GM acquire Korean firms 266
Asian Tigers, growth as fast as Stalin's USSR 218 see also Asian crisis
Atkinson, Dan 163 see also Elliot, Larry
August 2007 credit crunch 8
Austrian school 1 94; and slump 145; and restructuring through crises 232 see also Hayek, Friedrich August von; Schumpeter, Joseph August von; Schumpeter, Joseph
Autonomy of state 1 10-1 12
Bail outs, in 1980s and 1990s 233; Chrysler 1979 233; 2008-9 291, 300
Baker, James 274
Baldoz, Koeber and Kraft, quoted 332
Balkan Wars of 1990s, role of different imperialist interests in 270
Banks, role in capitalist production 63- 4, 87; failures in US in 1 931 149; nationalisations in Japan, Scandinavia, in 1990s 234; Spanish and French in Latin America 240; crash of September-October 2008 277-8 290; estimates of losses in 2008 300
Bank of International Settlements 7; on failure of economic forecasts 9
Banking capital 63
Banking crises, before 2003, costs to governments of bail outs 234; see also Credit crunch
Banking mergers, international 255
Bankruptcies and crises 67, 76
Bankruptcy Year Book, quoted on increased frequency of bankruptcies 233
Baran, Paul 165, 190, 218; version of dependency theory, quoted 1 86-7; misinterprets Lenin on economic development 187
Bauer, Otto 77; claimed refutation of Rosa Luxemburg 100
Bear Stearns bank, taken over by Morgan Chase 277
Bellofiore, Riccardo, on Foreign Direct Investment 261; on "privatised Keynesianism" 288
Bermuda 221
Bernanke, Ben, on lack of an explanation for Great Depression 9,145; on decline in economic volatility 229
Bernstein, Edward, revisionist arguments of 89
Bernstein, Michael, quoted 146
Bevan, Aneurin 135
Bhopal disaster 308
Biofuels and food shortages 322
Bismarck, Otto von, provides pension 88; nationalisation of railways 1 1 5
Blackburn, Robin, on pension funds 280
Blair, Tony, and climate change 310
Bleaney, Michael 165, on Keynesianism and long boom 164
Blind Sha�, Chinese film about miners 245
Boeing/McDonnell Douglas merger, role of state in facilitating 265
Boer War, and panic over fitness of working class 134
Bohm-Bawerk, Eugen von 41, 50, 51, 67; critique of Marx on value and price 48
Boom, of 1920s, and contradictions within 144, 146; short-lived of mid to late 1980s 194; of 1 980s 283; of 1990s 283 see also Long boom
Boyer, Robert 296; quoted (with Aglietta, Michael) on asset bubbles and US boom of 1990s 283
Braunmuhl, Claudia von 104-5; on the state and world market 104
Brazil 218, 221; growth in 1 970s 188; in period 1965-80 219; "miracle"
404
Index