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Robert Brenner

Robert Brenner is the director of the Center for Social Theory and Comparative History at UCLA, and the author of The Boom and the Bubble, published last year.

From the London Review dated 6 February 2003

Towards the Precipice

The ‘virtuous cycle’ touted by Greenspan was little more than hype. What drove the economy . . . was a vicious cycle that proceeded from rising equity prices to rising investment, in the face of falling profitability, which issued in increasing overcapacity that lowered profitability still further. [ read more . . . ]

Selected bibliography

  • The Boom and the Bubble: The US Economy Today (2002)
  • Merchants and Revolution: Commercial Change, Political Conflict and London’s Overseas Traders 1550-1653 (1993)

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In the LRB archive

Towards the Precipice · 6 February 2003