Out of Equilibrium provides a new method for understanding the nature of the disequilibria which characterize industrial advanced economies and often result in high levels of unemployment. Amendola and Gaffard develop an alternative theory that concentrates on the crucial role of coordination issues in relation to the process of capital accumulation which determines the evolution of the economy in the out of equilibrium processes stirred by different types of shock over time.

Mario Amendola and Jean-Luc Gaffard argue that all too often, markets and technology are treated as two magic words that will open the door to a wealth of riches. An increasing number of governments appear to be aiming for a pure market economy in order to reap the benefits of a benevolent technology that promises the most spectacular advances. Both markets and technology can certainly be considered essential economic factors, but which market and what technology? Is the current prevailing view of competition without restraints and privatisation at all costs actually the essence of the...