The 2008 financial crisis and neoclassical economics

The 2008 global financial crisis was the consequence of the process of financialization, or the creation of massive fictitious financial wealth, that began in the 1980s, and of the hegemony of a reactionary ideology, namely, neoliberalism, based on self-regulated and efficient markets. Although capitalism is intrinsically unstable, the lessons from the stock-market crash of 1929 and the Great Depression of the 1930s were transformed into theories and institutions or regulations that led to the "30 glorious years of capitalism" (1948-1977) and that could have avoided a financial crisis as profound as the present one. It did not because a coalition of rentiers and "financists" achieved hegemony and, while deregulating the existing financial operations, refused to regulate the financial innovations that made these markets even more risky. Neoclassical economics played the role of a meta-ideology as it legitimized, mathematically and "scientifically", neoliberal ideology and deregulation. From this crisis a new capitalism will emerge, though its character is difficult to predict. It will not be financialized but the tendencies present in the 30 glorious years toward global and knowledge-based capitalism, where professionals will have more say than rentier capitalists, as well as the tendency to improve democracy by making it more social and participative, will b e resumed.

Recueil de copies et de pièces originales, manuscrites et imprimées, sur la Marine (listes d'officiers, revues, états, procès de discipline, ports de Marseille, Toulon, Dunkerque, Brest, Rochefort, etc., les Galères et les Colonies) de 1663 à 1754. II Années 1663-1699. — Lettres orig. notamment du chevalier de Valbelle, Messine 1676 (p. 191), de Me Agnès de Bonvoison, Toulon 1687 (p. 576 et 588), de M. de la Planche, Boulogne 1687 (p. 582), de M. d'Argenson, Paris 1699 (p. 1002 et 1014).

Contient : Réception d'ambassadeurs (1663-1686) ; Pièces sur l'Acadie et le Canada ; « Lettera scritta da Venetia da un partiale del popolo di Messina all' Eccellentiss. Senato de quella città ». Impr. S. l. n. d., in-8° de 14 pages ; « Arrest de la Cour du Parlement contre la nommée Jeanne Moyon, veuve Jean Lesur, et autres, accusées de prostitution publique. » Impr. Paris, P.-G. Simon, 1750, in-4° de 4 pages ; Extrait de la relation envoyée par M. de Terron du combat naval du 8 janvier 1776 ; Inscriptions de l'Arsenal de Brest, par Victorin Santeul et P. Corneille ; « Discorso sopra le due comete apparse l'anno corrente 1682 gl'ultimi giorni d'agosto... dedicate all' ill. et eccell. sig. Nicolo Doria, senatore della Republica de Genova... » Impr. Gênes, Antonio Casamara, s. d., in-4° de 8 pages ; « Coppie d'une lettre qu'un François écrit à un de ses amis, contenant ce qui s'est passé à Gênes pour célébrer la naissance de Mgr le duc de Bourgogne. » Impr. Marseille, P. Mesnier, 1682, in-4° de 12 pages ; Liste des vaisseaux danois armés à Copenhague en 1683 ; « Liste des officiers qui sont dans les forts Cataracoüy et Niagara. » ; Pièces sur Cayenne ; Pêche de la baleine ; Envoi de denrées en Irlande

1964-65 Board of Governors

The 1964-65 Board of Governors. Pictured here are those who attended the first meeting on December 8, 1964. From left to right - Front Row: E. E. Mitchelson, Niagara Falls. Mrs. J. J. Bench, St. Catharines. W. B. Gunning, Chippawa. Dr. J. A. Gibson, St. Catharines. D. G. Willmot, St. Catharines. J. M. Trott, Welland. C. B. Hill, St. Catharines. A. C. Rae, Fonthill. Back Row: E. S. Howard, Fort Erie. W. J. Freeman, Port Colborne. M. L. Swart, Thorold. C. F. Anderson, Port Colborne. W. S. Martin, Queenston. E. R. Davey, Niagara Falls. R. L. Hearn, Queenston. C. W. Morehead, Welland. S. J. Leishman, Thorold. F. H. Leslie, Chippawa. F. C. Cullimore, Chippawa. W. B. C. Burgoyne, St. Catharines. H. C. Blenkhorn, St. Catharines. M. A. Chown, St. Catharines. B. P. R. Newman, St. Catharines. R. S. Misener, St. Catharines. Missing: R. M. Schmon, Niagara on the Lake. E. J. Barbeau, St. Catharines. P. E. Roberts, Toronto. L. R. Williams, Welland.

Founding Members

The founding members of the Niagara Peninsula Joint Committee On Higher Education. The two men on the right are Ivan Buchanan and Fred Campbell. The Committee later grew into the Board of Governors which was then renamed the Board of Trustees.

Cheque Presentation

Members of the Niagara Peninsula Joint Committee on Higher Education receiving cheques for their cause. Ivan Buchanan is second from the left and on the far right are Robert Schmon and his father Arthur Schmon (Chairman of the Committee).

Founding Figures

Pictured here from left to right are: Premier John Robarts, Mrs. Grover Egertor of the Allanburg Women's Institute, the woman who first came up with the idea of forming a University in the Niagara Region, Mrs. Bearss, the former chairwoman of the Women's Institute when the project was proposed, and Dr. Arthur A. Schmon, chairman of the Founder's Committee. This photo was taken at a dinner in Niagara Falls in 1963 that marked the official launch of the Brock University Project.

President Chosen

A special meeting of several Founders Committee members took place at Arthur A. Schmon's House in Niagara on the Lake immediately after the announcement in September of 1963 that Dr. James Alexander Gibson would be the first president of Brock University as of January 1964. Pictured here from left to right are: Dr. Gibson, Dr. Schmon, Dr. Deeks, and Mr. Willmot.

President Chosen

A special meeting of several Founders Committee members took place at Arthur A. Schmon's House in Niagara on the Lake immediately after the announcement in September of 1963 that Dr. James Alexander Gibson would be the first president of Brock University as of January 1964. Pictured here from left to right are: Mr. W. B. C. Burgoyne, Mr. D. G. Willmot, Dr. J. A. Gibson, Dr. A. A. Schmon, Mr. E. J. Barbeau, Dr. S. H. Deeks, and Mr. C. W. Morehead.

President Chosen

A special meeting of several Founders Committee members took place at Arthur A. Schmon's House in Niagara on the Lake immediately after the announcement in September of 1963 that Dr. James Alexander Gibson would be the first president of Brock University as of January 1964. Pictured here from left to right are: Mr. Willmot, Dr. Gibson, Dr. Schmon, and Dr. Deeks.

Dr. Arthur Kahn

Dr. Arthur Kahn with Mrs. John W. Reed, a member of the Niagara Peninsula Archaeological Society, and artifacts from the Chesnola Collection.

Governor General Michener's Visit

In October of 1969, Governor General Rolland Michener along with the Bailiff of Guernsey were invited to tour the Niagara Region with Dr. Gibson as part of a series of events to celebrate the 200th anniversary of Sir Isaac Brock's birth. Here they are visiting a stone monument erected in Queenston years ago by Albert Edward, Prince of Wales. Pictured in the foreground are Mrs. Michener, Dr. Gibson, and Governor General Michener - the man speaking with Dr. Gibson with his back to the photographer.

Science Complex Opening

Pictured here from left to right are Henry Tomarin, Board of Trustees, St. Catharines Mayor Roy Adams, R. Campbell, Niagara Region chairman, Peter Misener, and R. Misener, Chancellor, during the 1984 Science Complex opening - an addition to the Mackenzie Chown Complex now simply known as H Block.

Founding Plaque Unveiling

Pictured here from left to right are: Dr. Gibson, President of Brock University; James N. Allen, Chairman of the Niagara Parks Commision; MacKenzie Chown, Mayor; and Prof J. M. S. Careless co-chairman of the provinces archaelogical and historic sites board and professor at U of T.

1971-72 Varsity Curling

Pictured here from left to right are: Front - John Donald, Greg Reid, Steve Thomas, John Glennie, and Mike Wilder. Back - Ed Davis (Coach). The 1971-72 curling team boasted a number of achievements including being the Niagara Distrcit Major Champions, University of Toronto Bonspiel Champions, and the Ontario University Athletic Association Champions.

Inniskillin Hall (June 1999)

The building, which is attached to the Mackenzie Chown complex, holds facilities for Brock's Cool Climate Oenology and Viticulture Institute. The Institute, which studies grape growing and wine production, is the only one of its kind in Canada, and only the third of its kind in North America. It includes specialized research laboratories, a climate-controlled wine cellar, a wine library, and a museum. The building is named after a Niagara winery, Inniskillin Wines.