Articles by R. Taggart Murphy

• Bubblenomics
  • R. Taggart Murphy

  in NLR 57, May-June 2009, pp. 149-160
  Subjects: Economic Theory , World Economy and Globalization
  

  R Taggart Murphy on Graham Turner, The Credit Crunch. Origins of the financial crisis in the global squeeze on labour, and the example of Japan’s lost decade.

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  Also available in Spanish
• East Asia's Dollars
  • R. Taggart Murphy

  in NLR 40, July-August 2006, pp. 39-64
  Subjects: China , Economic Theory , Japan , United States
  

  Discussions of the sustainability of the US current-account deficit—trending upward from $800bn—rarely plumb the long-term motives of its creditors. Taggart Murphy analyses the historical roots of Tokyo’s post-1868 geofinancial support for the ruling superpower, London or Washington, and the implications of China’s rise for Japanese strategy.

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  Also available in Spanish, Turkish, Italian and Russian
• Japan's Economic Crisis
  • R. Taggart Murphy

  in NLR 1, January-February 2000, pp. 25-52
  Subjects: Economic Theory , Japan , World Economy and Globalization
  

  The 20th century’s most dynamic economy has fallen into prolonged paralysis. What are the causes of Japanese stagnation, and why have the country’s rulers reacted so phlegmatically to it? Taggart Murphy highlights the potentially explosive interdependency between Japanese recession and the American bull market.

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  Also available in Spanish