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The Global Economic Crisis
Why did the economists of the so-called "mainstream" seem to fail to foresee the global economic crisis that exploded in 2008? And why do they appear to have difficulty in putting forward an interpretation of it that is consistent with the theoretical foundations of their models? These two questions have echoed insistently since the outbreak of the crisis, not only in academic circles but also in the mass media, and appear to reflect increasingly widespread dissatisfaction with the dominant paradigm of economic theory. Many believe that the global recession now underway may constitute an historic watershed for the evolution of economics and therefore that an authentic change of paradigm is c...
Anti-Blanchard Macroeconomics
Olivier Blanchard, former chief economist of the International Monetary Fund (IMF), is author of one of the most important standard macroeconomics textbooks, which is used throughout the world. Endorsed by Blanchard himself, Anti-Blanchard Macroeconomics critically analyses prevailing economic theory and policy in comparison with alternative approaches. This thoroughly revised edition represents a field of research that has developed through intense theoretical debates, continual empirical testing and the resultant disputes about economic policy. Emiliano Brancaccio and Andrea Califano succinctly explore the relationship between theoretical models and economic policies, providing readers wit...
Non sarà un pranzo di gala
Un innovatore del pensiero critico dibatte con i massimi protagonisti della politica economica italiana e internazionale. A partire da una tesi di fondo: la lotta tra capitali per la conquista dei mercati mondiali conduce alla centralizzazione del potere nelle mani di pochi vincitori e alla consequenziale reazione sovranista degli sconfitti. Una “pura lotta di classe in senso marxiano, ma tutta interna alla classe capitalista”, con il lavoro totalmente zittito. A meno di una svolta.
Le condizioni economiche per la pace
Dopo il successo di La guerra capitalista, in questo nuovo progetto Emiliano Brancaccio sviluppa ulteriormente le sue tesi sulle guerre in corso e sulle loro cause sotterranee: dagli squilibri economici maturati negli anni del globalismo incontrollato alla reazione protezionistica americana. Innovatore del pensiero economico critico e ispiratore di un noto appello sottoscritto da vari esponenti della comunità accademica internazionale, Brancaccio indica una via per l’allentamento delle tensioni militari. Dall’Europa al Medio Oriente e oltre, i venti di guerra si propagano e la lezione da trarre dovrebbe essere chiara: in assenza di “condizioni economiche per la pace”, le contraddizioni capitalistiche mondiali ci sospingono verso il buio di una guerra su larga scala.
La guerra capitalista
Dimenticato dagli eredi più o meno degni della tradizione del movimento operaio, Marx viene invece letto, citato e celebrato dagli organi di stampa della grande finanza mondiale, dall’“Economist” al “Financial Times”. Un paradosso solo apparente, che si spiega con il crescente interesse delle classi dominanti verso la grande ambizione del metodo scientifico marxiano: disvelare le “leggi” di movimento del capitalismo per tentare di anticipare le sue traiettorie. La più rilevante di queste “leggi” trae origine dalla feroce competizione tra capitali che ogni giorno sui mercati determina vincitori e vinti, con i primi che “uccidono e mangiano” i secondi: è la cosiddetta tendenza verso la centralizzazione dei capitali in sempre meno mani, che inedite tecniche di ricerca consentono oggi di verificare empiricamente. Ma questa tendenza non riguarda solo la sfera economica. La sua forza dirompente agisce a tutti i livelli e contribuisce a delineare i tratti distintivi di questo tempo carico di minacce: dal declino delle democrazie liberali alle recrudescenze imperialiste, fino ai nuovi venti di guerra globale.
Macroeconomic Theory and Macroeconomic Pedagogy
This book aims to showcase and advance recent debates over the extent to which undergraduate macroeconomics teaching models adequately reflect the latest developments in the field. It contains 16 essays on topics including the 3-equation New Consensus model, extensions and alternatives to this model, and endogenous money and finance.
Anti-Blanchard Macroeconomics
Olivier Blanchard, former chief economist of the International Monetary Fund (IMF), is author of one of the most important standard macroeconomics textbooks which is used throughout the world. Endorsed by Blanchard himself, Anti-Blanchard Macroeconomics critically analyses prevailing economic theory and policy in comparison with alternative approaches. This textbook is designed to stand alongside Blanchard’s text, or indeed any other standard book on macroeconomics, but it can also be read independently. It provides undergraduate and advanced students with a critical view of the subject, and is also appropriate for scholars interested in a new way of analysing the debate between alternative schools of economic thought.
Freedom and Happiness in Economic Thought and Philosophy
Starting from a distinction made by the American philosopher, John Rawls, in 2000 between two kinds of liberalism, "liberalism of freedom" and "liberalism of happiness", this book presents a range of articles by economists and philosophers debating the most fundamental aspects of the subject. These include the exact significance of Rawls’ distinction and how it can be related to European political philosophy on the one hand and to utilitarianism on the other hand; the various definitions of happiness and freedom and their implications and the informational basis of individual preferences. The objectives of the book are twofold: first, it is devoted to a thorough analysis of the founding te...
Global Imperialism and the Great Crisis
In this provocative study, economist Ernesto Screpanti argues that imperialismOCofar from disappearing or mutating into a benign OC globalizationOCOOCohas in fact entered a new phase, which he terms OC global imperialism.OCO This is a phase defined by multinational firms cut loose from the nation-state framework and free to chase profits over the entire surface of the globe. No longer dependent on nation-states for building a political consensus that accommodates capital accumulation, these firms seek to bend governments to their will and destroy barriers to the free movement of capital. And while military force continues to play an important role in imperial strategy, it is the discipline o...
