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The article discusses the social impact of financial crises and why economists and the media use the term economic crisis rather than disaster during the 21th century. It discusses several theories including the neoclassical economic theory and the regulation theory. Topics include capitalism, neo-liberal regimes of accumulation, and how society is affected and deals with financial crises.

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In general, the scene of the contemporary debate on the value remains an updated or improved version, of the one we met in the late 19th century. At its one end, we always meet subjective theories of value, the most distant source of which is the neoclassical economic one, and, at its other end, we still find objective theories, which form the contemporary echo of theories of value/work. Our paper wants to overcome this old quarrel by showing how much a market value is a product of both social fabrication of subjectivities and objective process of production. Through this exercise, our goal is to build the outline of a new anti-capitalist theory of value, whereby we can base a critique of advanced capitalism in the light of the historical phenomenon of capitalist mass consumption. [ABSTRACT FROM AUTHOR]