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The Economic Crisis in Social and Institutional Context

Theories, Policies and Exit Strategies
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Description

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 international imbalances, the monetary policy,and the role of credit rating agencies. Part II suggests various paths to recovery while emphasising that it will be necessary to develop alternative strategies for sustainable economic recovery and growth. These strategies will require genuine political support and a new 'great European vision' to address major issues concerning the EU such as unemployment, structural regional differences and federalism. Drawing on various schools of thought, this book explains the complexities of the crisis through a wider evolutionary-institutional and heterodox framework.

Author Biography:

Sebastiano Fadda is Professor of Economics and Director of the Research Center ASTRIL at the Department of Economics, University Roma Tre, Italy. Pasquale Tridico is Professor of Economic Policy and Jean Monnet Chair at the Department of Economics, University Roma Tre, Italy.
Release date NZ
November 11th, 2016
Audience
  • Tertiary Education (US: College)
Contributors
  • Edited by Pasquale Tridico
  • Edited by Sebastiano Fadda
Illustrations
27 Tables, black and white; 37 Line drawings, black and white; 37 Illustrations, black and white
Pages
226
ISBN-13
9781138220515
Product ID
26135988

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