Modern Political Economics: Making Sense of the Post-2008 World
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Author Description
1. Introduction -- Book 1: Shades Of Political Economics: Seeking Clues For 2008 And Its Aftermath In The Economists Theories. 2. Condorcet's Secret: On The Significance Of Classical Political Economics Today -- 3. The Odd Couple: The Struggle To Square A Theory Of Value With A Theory Of Growth -- 4. The Trouble With Humans: The Source Of Radical Indeterminacy And The Touchstone Of Value -- 5. Crises: The Laboratory Of The Future -- 6. Empires Of Indifference: Leibniz's Calculus And The Ascent Of Calvinist Political Economics (with An Addendum By George Krimpas Entitles 'leibnis And The Intervention Of General Equilibrium') -- 7. Convulsion: 1929 And Its Legacy -- 8. A Fatal Triumph: 2008's Ancestry In The Stirrings Of The Cold War -- 9. A Most Peculiar Failure: The Curious Mechanism By Which Neoclassicism's Theoretical Failures Have Been Reinforcing Their Dominance Since 1950 -- 10. A Manifesto For Modern Political Economics: Postscript To Book 1 -- Book 2: Modern Political Economics: Theory In Action. 11. From The Global Plan To A Global Minotaur: The Two Distinct Phases Of Post-war Us Hegemony -- 12. Crash: 2008 And Its Legacy (with And Addendum By George Krimpas Entitled 'the Recycling Problem In A Currency Union') -- 13. A Future For Hope: Postscript To Book 2. By Yanis Varoufakis, Joseph Halevi, And Nicholas Theocaraki. Includes Bibliographical References And Index.
Menrva's Summary
THE THESIS
This work investigates the theoretical failures of neoclassical economics and their role in precipitating the 2008 global financial crisis. Yanis Varoufakis, drawing on his background as an economist and former government official, critiques the historical evolution of economic thought from classical theories to modern hegemony. He argues that the disconnect between value theory and growth models created a structural instability that culminated in the collapse of the global financial system.
THE SCOPE MAP
What You Will Find
- Historical analysis of economic thought from Condorcet to modern neoclassical models.
- Examination of the transition from the post-war global plan to the Global Minotaur phase of US hegemony.
- Theoretical critique of general equilibrium models and their inability to account for radical human indeterminacy.
- Case studies on the 1929 Great Depression and the 2008 financial crash as laboratories for future economic policy.
THE AUTHORITY PERSPECTIVE
Experts and academics often note the significant intellectual breadth of the text, which bridges the gap between historical economic theory and contemporary political reality. Readers frequently highlight the density of the prose, noting that it serves as a rigorous challenge to mainstream economic orthodoxy.
Page Count:
552
Publication Date:
2010-01-01
Publisher:
Routledge
ISBN-10:
0203829352
ISBN-13:
9780203829356
Economics
History
Capitalism
Economics history
Globalization
Finance
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