The contributors to this book challenge the conventional wisdom of both free market and big government approaches to economic policy. They argue that policies that foster economic equality can also promote economic efficiency and growth. The record of "trickle down" economic policies is examined, and a new perspective is developed that recognizes that markets have an important role to play, but only within the framework of macroeconomic stability, corrections of market failures, and egalitarian rules of the game.

This book arguing that policies which foster economic equality can also promote economic efficiency.

The Great Financial Crisis that began in 2007 reminds us with devastating force that financial instability and crises are endemic to capitalist economies, and that it is only strong and dynamically-changing financial regulations that can keep the damage caused by these crises within bounds. The international financial system and individual national economies, including that of the United States, are suffering from the aftermath of the worst financial crisis since the Great Depression. Economists are struggling to understand the origins and implications of the crisis. The Handbook of...