Overview
Engages with macroeconomic theory in an insightful and accessible way
Provides a fresh perspective on the long-term causes of the recent global financial crisis and European recession
Offers an alternative narrative to modern finance through its exploration of neoliberalism and the evolution of capitalism
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Table of contents (9 chapters)
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Front Matter
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Globalisation and Financialisation in a Long-Run Perspective
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Front Matter
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The Great Recession: Causes and Consequences
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Front Matter
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Epilogue
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Front Matter
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Back Matter
Keywords
About this book
This book offers a novel interpretation of the Great Recession and the ensuing Euro Crisis as a consequence of the evolution of capitalism since the 1970s. Chapters argue that the neoliberal development trajectory pursued in recent decades is unsustainable, and posit that neither sound macroeconomics nor empirical data support the unqualified faith in free markets that inspired it. The book begins by providing a broad critical perspective on key concepts such as freedom, free market, free trade, globalisation and financialisation, before going on to analyse the long and deep recent crisis as a result of the neoliberal policy strategy adopted since the early 1980s. The alternative narrative outlined in the book provides insights into the policy strategy required to achieve a sustainable development trajectory.
Authors and Affiliations
About the author
Alessandro Vercelli teaches Economics of Sustainable Development in the Department of Economics and Statistics, University of Siena, Italy, is a Professorial Research Associate at SOAS, University of London, UK, and is a life member of the Clare Hall, University of Cambridge, UK. He has served as Vice President of the International Economic Association and member of the Executive Committee of the Italian Economic Association. He has also been a Distinguished Visiting Fellow at Queen Mary, University of London, UK, a British Council Senior Visiting Fellow at St Antony's College, Oxford University, UK, and a visiting scholar at many distinguished academic institutions.
Bibliographic Information
Book Title: Crisis and Sustainability
Book Subtitle: The Delusion of Free Markets
Authors: Alessandro Vercelli
DOI: https://doi.org/10.1057/978-1-137-60069-1
Publisher: Palgrave Macmillan London
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2017
Hardcover ISBN: 978-1-137-60068-4Published: 19 December 2016
Softcover ISBN: 978-1-349-93374-7Published: 15 October 2019
eBook ISBN: 978-1-137-60069-1Published: 09 December 2016
Edition Number: 1
Number of Pages: XX, 329
Number of Illustrations: 1 b/w illustrations, 1 illustrations in colour