This paper calls for a new approach to economic theorising in the aftermath of the global financial crisis of 2007–2008. We examine two key theories which suggest that markets are stable self-correcting efficient systems. These theories, namely General Equilibrium Theory and the Efficient...

[FROM THE REVIEW] Nitzan and Bichler produced an exciting and rich volume situated within radical thinking. [Their book] concerns nothing less than the main pillars of economic theory [and] represents a far-reaching reconsideration of the theory of capital from a heterodox perspective.

The authors of this argumentative article emphasize that the range of the current crisis cannot be depleted in the diagnosis which is based on cyclic consideration. It is both systematic and structural, which is derived from the genesis and the modus of neoliberalism, which has become dominant...