Crisis and Inequality : The Political Economy of Advanced Capitalism / Mattias Vermeiren
พิมพ์ครั้งที่
1st ed.
พิมพลักษณ์
Cambridge UK : Polity Press, 2021
จำนวนหน้า
xii, 292 pages : illustrations ; 25 cm.
หมายเหตุบรรณานุกรม
Includes bibliographical references (pages 232-273) and index.
หมายเหตุสารบัญ
Chapter 1 Rising inequality in advanced capitalism -- Chapter 2 The rise and fall of egalitarian capitalism -- Chapter 3 Macroeconomic policy: From full employment to sound money -- Chapter 4 Social policy: Globalisation, deindustrialisation and liberalisation -- Chapter 5 Corporate governance: The rise of shareholder capitalism -- Chapter 6 Financial policy: Market-based banking and the global financial crisis -- Chapter 7 Macroeconomic imbalances before and after the crisis -- Chapter 8 The future of egalitarian capitalism
สาระสังเขป
Spiralling inequality since the 1970s and the global financial crisis of 2008 have been the two most important challenges to democratic capitalism since the Great Depression. To understand the political economy of contemporary Europe and America we must, therefore, put inequality and crisis at the heart of the picture. In this innovative new textbook Mattias Vermeiren does just this, demonstrating that both the global financial crisis and the European sovereign debt crisis resulted from a mutually reinforcing but ultimately unsustainable relationship between countries with debt-led and export-led growth models, models fundamentally shaped by soaring income and wealth inequality. He traces the emergence of these two growth models by giving a comprehensive overview, deeply informed by the comparative and international political economy literature, of recent developments in the four key domains that have shaped the dynamics of crisis and inequality : macroeconom.
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