'Modern Political Economics' has a single aim - to help readers make sense of how 2008 came about and what the post-2008 world has in store. The book delves into every major economic theory and maps out meticulously the trajectory that global capitalism followed from post-war to the present day.

Once in a while the world astonishes itself. Anxious incredulity replaces intellectual torpor and a puzzled public strains its antennae in every possible direction, desperately seeking explanations for the causes and nature of what just hit it. 2008 was such a moment. Not only did the financial system collapse, and send the real economy into a tailspin, but it also revealed the great gulf separating economics from a very real capitalism. Modern Political Economics has a single aim: To help readers make sense of how 2008 came about and what the post-2008 world has in store. The book is divided...