The Great Recession, which started around 2007, stands out as the most significant crisis of global capitalism since the 1930s, both in scope and intensity. Although it was triggered by developments in the financial sector in the United States of America, its impact and implications have reverberated across the globe.

The Great Recession stands as the most significant crisis of global capitalism since the 1930s, both in scope and intensity. This book examines the crisis from theoretical and empirical perspectives. Running throughout is the idea that the state has a critical role to play in reconfiguring social relations, proceeding from the perspective that markets, left to their own devices, can wreak havoc on the commons.