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A prior version of this paper was presented at a session on “The Crash of ’87 - What Does It Mean?”, that was arranged by URPE at the Allied Social Science Association Meeting in Chicago, Illinois on Tuesday, Dec. 29, 1987. It also subsequently appeared as a chapter in, Capitalist development and crisis theory : accumulation, regulation, and spatial restructuring, Gottdiener M. and Nicos Komninos, eds. New York : St. Martin's Press, 1989.

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