The financial crash of 2007-2008 and the subsequent global economic crisis have raised questions about the viability of capitalism and the desirability of alternative types of economic system. In this context, Keynesian and Marxist ideas in particular have become more popular. These two approaches, along with some other heterodox perspectives, agree on the need for institutional analysis and for better institutions and governance in order to promote economic development.

This volume poses fundamental institutional, evolutionary and ontological questions relating to the emergence of a...

This book explores the foundations of the current economic crisis. Offering a heterodox approach to interpretation it examines the policies implemented before and during the crisis, and the main institutions that shaped the model of advanced economies, particularly in the last two decades.

The first part of the book provides a theoretical analysis of the crisis. The roots of the 'great recession' are divided into fundamentals with origins in financial liberalisation, financial innovation and income distribution, and complementary or contributory factors such as the...

This book seeks to explain the global financial crisis and its wider economic, political, and social repercussions, arguing that the 2007-9 meltdown was in fact a systemic crisis of the capitalist system.

The volume makes these points through the exploration of several key questions:

• What kind of institutional political economy is appropriate to explain crisis periods and failures of crisis-management?
• Are different varieties of capitalism more or less crisis-prone, and can the global financial crisis can be attributed to one variety more...

Recently, the issue of inequality has regained attention in economic and political debates. Although this interest is welcome, the debate is still mostly focused on income or wealth distribution, which is an important aspect but does not present a complete view of inequality. Most of the theoretical and empirical studies produced by economists concern personal income distribution or factor income distribution. This is more evident in the studies of the evolution and characteristics of contemporary capitalism and globalization. "

Varieties of Economic Inequality" considers both...

This book explores the foundations of the current economic crisis. Offering a heterodox approach to interpretation it examines the policies implemented before and during the crisis, and the main institutions that shaped the model of advanced economies, particularly in the last two decades.

The first part of the book provides a theoretical analysis of the crisis. The roots of the great recession are divided into fundamentals with origins in financial liberalisation, financial innovation and income distribution, and complementary or contributory factors such as the...

The financial crash of 2007-2008 and the subsequent global economic crisis have raised questions about the viability of capitalism and the desirability of alternative types of economic system. In this context, Keynesian and Marxist ideas in particular have become more popular. These two approaches, along with some other heterodox perspectives, agree on the need for institutional analysis and for better institutions and governance in order to promote economic development.

This volume poses fundamental institutional, evolutionary and ontological questions relating to the emergence of...

In the years following the financial crash, two issues have become central to the debate in economics: inequality and the uneven nature of (sustainable) development. People want to know why inequality has been increasing so much in the last three decades, why most advanced economies are stagnating or are experiencing moderate economic growth, and why, even where economic growth is occurring, the quality of that growth is questioned. And in advanced economies in particular, the most pressing items on the policy agenda of governments and international organizations are economic development,...