“Rich, powerful, highly-educated people created the economic crisis of 2008–09, while hundreds of millions of working people suffer the consequences—lost homes, lost jobs, rising insecurity, and falling living standards. How could this happen? In The ABCs of the Economic Crisis, Fred Magdoff and Michael Yates tell the story clearly, simply, and briefly. Here’s one way to become part of the solution: think hard about everything Magdoff and Yates write in this book.”

—Robert Pollin, Professor of Economics and Co-Director, Political Economy Research Institute (PERI), University of Massachusetts, Amherst