The macroeconomics of finance-dominated capitalism and its crisis

In this timely and thought-provoking book, Eckhard Hein illustrates that the Great Recession, which hit the world economy in 2008/09, is rooted in the contradictions of finance-dominated capitalism. The author provides an in-depth exploration of the macroeconomics of finance-dominated capitalism, it...

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Bibliographic Details
Main Author: Hein, Eckhard
Format: eBook
Language:English
Published: Cheltenham Edward Elgar c2012
Subjects:
Online Access:
Collection: Edward Elgar eBook Archive - Collection details see MPG.ReNa
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520 |a In this timely and thought-provoking book, Eckhard Hein illustrates that the Great Recession, which hit the world economy in 2008/09, is rooted in the contradictions of finance-dominated capitalism. The author provides an in-depth exploration of the macroeconomics of finance-dominated capitalism, its problems and its crisis, and presents economic policy lessons and alternatives 
520 |a 1. Introduction -- 2. Finance-dominated capitalism and re-distribution of income -- 3. Finance-dominated capitalism, capital accumulation and macroeconomic regimes -- 4. Finance-dominated capitalism and long-run productivity growth -- 5. Finance-dominated capitalism, consumption, household debt and instability -- 6. Finance-dominated capitalism, global imbalances and crisis -- 7. Requirements for income-led recovery and a global Keynesian new deal -- 8. The European financial and economic crisis : alternative solutions from a post-Keynesian perspective -- 9. Summary and conclusions