Tommaso Gabellini, Simone Gasperin, Alessio Moneta
February 11, 2019 Forthcoming
Reference - 304 Pages - 25 B/W Illustrations
ISBN 9781138665378 - CAT# Y230236
Series: Routledge Studies in the History of Economics
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The ongoing economic crisis has revealed fundamental problems both in our economic system and the discipline which analyses it. This book presents a series of contrasting but complementary approaches in economic theory in order to offer a critical toolkit for examining the modern capitalist economy. The global economic crisis may have changed the world in which we live, but not the fundamental tenets of the discipline.
This book is a critical assessment of the relation between economic theory and economic crises: how intellectual thinking impacts on real economic events and vice versa. It aims at challenging the conventional way in which economics is taught in universities and later adopted by public officials in the policymaking process. The contributions, all written by distinguished academics and researchers, offer a heterodox perspective on economic thinking and analysis. Each chapter is inspired by alternative theoretical approaches which have been mostly side-lined from current academic teaching programmes. A major suggestion of the book is that the recent economic crisis can be better understood by recovering such theoretical analyses and turning them into a useful framework for economic policymaking.
Economic Crisis and Economic Thought is intended as a companion to economics students at the Master’s and PhD level, in order for them to confront issues related to the labour market, the financial sector, macroeconomics, industrial economics, etc. with an alternative and complementary perspective. It challenges the way in which economic theory is currently taught and offers via alternatives for the future.
List of Figures, List of Tables, About the Contributors, Foreword. Robert Skidelsky
Introduction. Tommaso Gabellini and Simone Gasperin, PART I – Alternative methodologies, Chapter 1. Critical dilemmas in the methodology of economics facing the crisis, Alessio Moneta, Chapter 2. A comparative approach to macroeconomics: the case of the "Anti-Blanchard" approach, Emiliano Brancaccio and Domenico Suppa, PART II – Alternative theories, Chapter 3. The Italian debate on Marx, Riccardo Bellofiore and Tommaso Redolfi Riva, Chapter 4. Capital Theory: implications for the theories of distribution, employment and growth, Fabio Petri, Chapter 5. The modern revival of the classical surplus approach: implications for the analysis of growth and crises, Sergio Cesaratto, Chapter 6. A Marx ‘crises’ model. The reproduction schemes revisited, Marco Veronese Passarella, Chapter 7. High wages and economic growth in a Kaldorian framework, Guglielmo Forges Davanzati, Chapter 8. Finance is not the dark side of the force, Anna Maria Grazia Variato, Chapter 9. Minsky and the crisis: the financial instability hypothesis, Alessandro Vercelli, PART III – Alternative analyses and policies, Chapter 10. Technological and productive systems facing the economic crisis: heterogeneity, convergence and divergence in the European Union, Andrea Califano, Tommaso Gabellini and Simone Gasperin, Chapter 11. Reshaping the economy. An industrial and investment policy for Europe, Mario Pianta, Matteo Lucchese and Leopoldo Nascia, Index