What Is the Truth About the Great Recession and Increasing Inequality?: Dialogues on Disputed Issues and Conflicting Theories
by Mario Morroni (Author)

About the Author
Mario Morroni is Professor of Economics at the University of Pisa and a Life Member of Clare Hall, College for Advanced Study, University of Cambridge (United Kingdom). He has previously authored a book on technical change and production processes (Cambridge University Press, 1992) that received the Myrdal Prize and also a book on the theory of the firm (Cambridge University Press, 2006). He is the author of a number of further works in the areas of microeconomics, macroeconomics, labor economics, and industrial economics.

About this book
Have you ever puzzled over the causes of the 2007–8 financial crisis and wondered how it will affect all our futures? If so, this book is for you. Using imagined dialogue between three econo-mists with contrasting theoretical perspectives and a student who knows little about economics, different interpretations are compared in straightforward, jargon-free language. The book explores both the consequences of neoliberal economic policies based on the belief in efficient, self-regulating markets and the implications of alternative economic visions formulated in response to the Great Recession. In all, nine dialogues are presented, each of which focuses on a key theme: increasing inequality, the failure of econo-mists to predict the crash, the reasons for fiscal austerity, the rolling back of the welfare state, the roles of the state and the market, the repercussions of the German trade surplus and the Eurozone crisis, policies to confront the crisis, environmental degradation, and the need for an industrial policy appropriate to the present day. The book will be ideal for both general readers and those embarking on the study of economics.

Table of contents

• Prologue 1
• Increasing Inequality: First Dialogue 5
• The Failure to Predict the Great Recession: Second Dialogue 29
• Why Fiscal Austerity? : Third Dialogue 47
• Rolling Back the Welfare State: Fourth Dialogue 65
• The State and the Market: Fifth Dialogue 77
• The Gigantic German Trade Surplus and the Euro: Sixth Dialogue 105
• Crisis Policy: Seventh Dialogue 143
• Environmental Degradation: Eighth Dialogue 165
• Industrial Policies: Ninth Dialogue 183
  

Length: 204 pages
Publisher: Springer; 1st ed. 2018 edition (October 20, 2018)
Language: English
ISBN-10: 3319986201
ISBN-13: 978-3319986203

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