Crisis and sustainability : the delusion of free markets / Alessandro Vercelli.

Format:

Book

Author/Creator:

Vercelli, Alessandro, author.

Language:

English

Subjects (All):

Capitalism.

Free enterprise.

Global Financial Crisis, 2008-2009.

Economic development.

Physical Description:

xx, 329 pages : illustrations ; 22 cm

Place of Publication:

London : Palgrave Macmillan, [2017]

Contents:

Preface; Acknowledgements; Contents; List of Frequent Abbreviations and Acronyms ; 1: Introduction: Approach and Basic Concepts; 1.1 Brief Overview; 1.2 The Approach; 1.3 Empirical Evidence and Interpretation: The Case of the Phillips Curve; 1.4 The Role of Vision in Empirical Science; 1.5 Growth and Development: Three Visions; 1.6 Sustainable Development, Fairness, and Free Markets; 1.7 The Life Cycle of Development Paradigms; Notes; Bibliography; Part I: Globalisation and Financialisation in a Long-Run Perspective; 2: Freedom, Free Markets, and Neoliberalism; 2.1 Introduction

2.2 The Concept of Freedom2.3 Free Market and Economic Liberalism; 2.4 Varieties of Economic Liberalism: Evolution and Suggested Definitions; 2.5 Neoliberalism: Evolution and Definitions; 2.6 The Misleading Zero-Sum Game Between State and Market; 2.7 Concluding Remarks; Notes; Bibliography; 3: The Globalisation of Markets; 3.1 Introduction; 3.2 Globalisation after the Industrial Revolution; 3.3 The First Globalisation; 3.4 The Second Globalisation; 3.5 The Free-Trade Doctrine; 3.6 Cross-Country Movements of Productive Factors; 3.7 Concluding Remarks; Notes; Bibliography

4: The Evolution of Financialisation4.1 Introduction; 4.2 Financialisation as a Recurring Phenomenon; 4.3 Financialisation as a Long-Run Tendency: The Driving Role of Financial Innovations; 4.4 Financialisation and Sustainability; 4.5 Differences Between First and Second Financialisation; 4.6 Concluding Remarks; Notes; Bibliography; Part II: The Great Recession: Causes and Consequences; 5: The Neoliberal Trajectory and the Crisis; 5.1 Introduction1; 5.2 The Origins of the Second Financialisation; 5.3 The "Monetarist Disinflation"; 5.4 The Roaring 1990s

5.5 The "Zero Years" and The Genesis of the Great Recession5.6 The Propagation of the Crisis; 5.7 Concluding Remarks: The Unsustainability of the Neoliberal Model of Development; Notes; Bibliography; 6: The Neoliberal Financialisation1; 6.1 Introduction; 6.2 The Neoliberal Revolution in Finance; 6.3 The Genesis of Shadow Banking; 6.4 Contagion and Propagation; 6.5 Regulation of Shadow Banking; 6.6 Towards a Sustainable Finance; 6.7 Concluding Remarks; Notes; Bibliography; 7: Environment and Sustainability; 7.1 Introduction

7.2 The Clash Between Environmental Policies and Neoliberal Policy Strategy7.3 The Delusion of Market-Based Instruments: The Case of EU ETS; 7.4 The Ecological Imprint and the Crisis: A Tale of Two Debts; 7.5 The Unsustainability of the Energy System and Climate Change; 7.6 Technological and Development Trajectories; 7.7 The Role of Public Investment; 7.8 Concluding Remarks; Notes; Bibliography; Part III: Epilogue; 8: The Eurocrisis; 8.1 Introduction; 8.2 The Origins of the Eurocrisis; 8.3 The Propagation of the Crisis in the Eurozone; 8.4 The Conventional Explanation

Notes:

Includes bibliographical references and indexes.

ISBN:

9781137600684

1137600683

OCLC:

950952869