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Crisis and Inequality
The Political Economy of Advanced Capitalism
Taschenbuch von Mattias Vermeiren
Sprache: Englisch

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Beschreibung
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: macroeconomic policy, social policy, corporate governance and financial policy. He goes on to assess the prospects for the emergence of a more egalitarian and sustainable form of democratic capitalism.

This fresh and insightful overview of contemporary Western capitalism will be essential reading for all students and scholars of international and comparative political economy.
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: macroeconomic policy, social policy, corporate governance and financial policy. He goes on to assess the prospects for the emergence of a more egalitarian and sustainable form of democratic capitalism.

This fresh and insightful overview of contemporary Western capitalism will be essential reading for all students and scholars of international and comparative political economy.
Über den Autor
Mattias Vermeiren is Associate Professor of International Political Economy at Ghent University.
Inhaltsverzeichnis
List of Figures, Tables and Boxes

Introduction

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

Notes

References
Details
Erscheinungsjahr: 2021
Fachbereich: Volkswirtschaft
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Inhalt: 304 S.
ISBN-13: 9781509537693
ISBN-10: 1509537694
Sprache: Englisch
Herstellernummer: 1A509537690
Einband: Kartoniert / Broschiert
Autor: Vermeiren, Mattias
Hersteller: Polity Press
Maße: 244 x 169 x 23 mm
Von/Mit: Mattias Vermeiren
Erscheinungsdatum: 29.03.2021
Gewicht: 0,574 kg
Artikel-ID: 118551755
Über den Autor
Mattias Vermeiren is Associate Professor of International Political Economy at Ghent University.
Inhaltsverzeichnis
List of Figures, Tables and Boxes

Introduction

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

Notes

References
Details
Erscheinungsjahr: 2021
Fachbereich: Volkswirtschaft
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Taschenbuch
Inhalt: 304 S.
ISBN-13: 9781509537693
ISBN-10: 1509537694
Sprache: Englisch
Herstellernummer: 1A509537690
Einband: Kartoniert / Broschiert
Autor: Vermeiren, Mattias
Hersteller: Polity Press
Maße: 244 x 169 x 23 mm
Von/Mit: Mattias Vermeiren
Erscheinungsdatum: 29.03.2021
Gewicht: 0,574 kg
Artikel-ID: 118551755
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