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Political Economy and Political Power: The American State and Finance in the Neoliberal Era – CORRIGENDUM

Published online by Cambridge University Press:  18 June 2014

Leo Panitch  and
Sam Gindin
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Abstract

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Information

Type
Corrigendum
Information
Government and Opposition , Volume 49 , Issue 4 , October 2014 , pp. 725
Copyright
Copyright © The Author(s). Published by Government and Opposition Limited and Cambridge University Press 2014 

http://dx.doi.org/10.1017/gov.2014.4, Published online by Cambridge University Press 22 May 2014.

On page 384, in the sentence starting on line 28

Instead of

Bernanke, drawing on his academic work at Princeton University in the 1980s on how the Great Depression could have been prevented, warned Paulson that massive US government loans to banks might be necessary, and Bernanke had agreed. ‘“I knew he was right theoretically,” Bernanke said. “But I also had, and we both did, some hope that, with all the liquidity out there from investors, that after a certain decline that we would reach a bottom”’ (Baker 2008: 33).

It should read

Bernanke, drawing on his academic work at Princeton University in the 1980s on how the Great Depression could have been prevented, warned Paulson that massive US government loans to banks might be necessary, and Paulson had agreed. ‘“I knew he was right theoretically,” Paulson said. “But I also had, and we both did, some hope that, with all the liquidity out there from investors, that after a certain decline that we would reach a bottom”’ (Baker 2008: 33).

References

Panitch, L. and Gindin, S. (2014), ‘Political Economy and Political Power: The American State and Finance in the Neoliberal Era’, Government & Opposition, 49: 369–399. http://dx.doi.org/10.1017/gov.2014.4Google Scholar